Bank of Montreal Can Sells 6,000 Shares of Cyberark Software Ltd (CYBR)

Bank of Montreal Can lowered its stake in Cyberark Software Ltd (NASDAQ:CYBR) by 16.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,000 shares of the technology company’s stock after selling 6,000 shares during the period. Bank of Montreal Can owned approximately 0.10% of Cyberark Software worth $1,526,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Morgan Stanley increased its stake in shares of Cyberark Software by 90.3% in the third quarter. Morgan Stanley now owns 835,848 shares of the technology company’s stock valued at $41,432,000 after buying an additional 396,608 shares during the period. Marshall Wace LLP increased its stake in shares of Cyberark Software by 269.1% in the fourth quarter. Marshall Wace LLP now owns 698,811 shares of the technology company’s stock valued at $31,796,000 after buying an additional 509,481 shares during the period. Polar Capital LLP increased its stake in shares of Cyberark Software by 2.3% in the third quarter. Polar Capital LLP now owns 669,006 shares of the technology company’s stock valued at $33,157,000 after buying an additional 15,085 shares during the period. Penserra Capital Management LLC increased its stake in shares of Cyberark Software by 0.7% in the third quarter. Penserra Capital Management LLC now owns 648,589 shares of the technology company’s stock valued at $32,150,000 after buying an additional 4,319 shares during the period. Finally, Peregrine Capital Management LLC increased its stake in shares of Cyberark Software by 7.5% in the first quarter. Peregrine Capital Management LLC now owns 494,068 shares of the technology company’s stock valued at $24,778,000 after buying an additional 34,454 shares during the period. Institutional investors and hedge funds own 72.53% of the company’s stock.

Institutional Ownership by Quarter for Cyberark Software (NASDAQ:CYBR)

Shares of Cyberark Software Ltd (NASDAQ:CYBR) opened at 46.46 on Friday. Cyberark Software Ltd has a 52-week low of $42.06 and a 52-week high of $59.28. The stock’s 50 day moving average is $52.01 and its 200-day moving average is $50.72. The firm has a market capitalization of $1.37 billion, a P/E ratio of 53.40 and a beta of 2.86.

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Several equities research analysts have recently weighed in on CYBR shares. Imperial Capital reiterated an “outperform” rating and set a $63.00 target price (up previously from $55.00) on shares of Cyberark Software in a research note on Thursday, February 16th. Vetr upgraded shares of Cyberark Software from a “buy” rating to a “strong-buy” rating and set a $60.34 target price for the company in a research note on Monday. Stifel Nicolaus started coverage on shares of Cyberark Software in a research note on Monday, February 13th. They set a “buy” rating and a $62.00 target price for the company. Evercore ISI upgraded shares of Cyberark Software from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $51.00 to $60.00 in a research note on Wednesday, March 29th. Finally, Piper Jaffray Companies decreased their target price on shares of Cyberark Software from $63.00 to $61.00 and set an “overweight” rating for the company in a research note on Friday, May 12th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $56.91.

About Cyberark Software

CyberArk Software Ltd. is a provider of information technology (IT) security solutions that protects organizations from cyber-attacks. The Company’s software solutions are focused on protecting privileged accounts, which have become a critical target in the lifecycle of cyber-attacks. The Company’s Privileged Account Security Solution consists of various products, such as Enterprise Password Vault, SSH Key Manager, Privileged Session Manager, Privileged Threat Analytics, Application Identity Manager, Endpoint Privilege Manager and On-Demand Privileges Manager.

5 Day Chart for NASDAQ:CYBR

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