American Capital Management Inc. boosted its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 49.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 902,225 shares of the technology company’s stock after purchasing an additional 297,025 shares during the period. CyberArk Software accounts for approximately 2.3% of American Capital Management Inc.’s holdings, making the stock its 19th largest holding. American Capital Management Inc. owned approximately 3.05% of CyberArk Software worth $36,991,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in CYBR. Parametric Portfolio Associates LLC acquired a new stake in CyberArk Software during the 1st quarter valued at $662,000. JPMorgan Chase & Co. increased its holdings in CyberArk Software by 64.6% during the 1st quarter. JPMorgan Chase & Co. now owns 22,375 shares of the technology company’s stock valued at $1,138,000 after purchasing an additional 8,783 shares in the last quarter. SG Americas Securities LLC acquired a new stake in CyberArk Software during the 1st quarter valued at $102,000. Wellington Management Group LLP increased its holdings in CyberArk Software by 67.4% during the 1st quarter. Wellington Management Group LLP now owns 21,497 shares of the technology company’s stock valued at $1,094,000 after purchasing an additional 8,653 shares in the last quarter. Finally, Teachers Advisors LLC increased its holdings in CyberArk Software by 1.1% during the 1st quarter. Teachers Advisors LLC now owns 336,764 shares of the technology company’s stock valued at $17,131,000 after purchasing an additional 3,771 shares in the last quarter. 81.44% of the stock is owned by hedge funds and other institutional investors.
Shares of CyberArk Software Ltd. (NASDAQ CYBR) traded down 2.93% during mid-day trading on Wednesday, reaching $41.13. The company had a trading volume of 371,657 shares. The stock has a 50 day moving average of $42.38 and a 200-day moving average of $45.47. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 52.80 and a beta of 2.57. CyberArk Software Ltd. has a one year low of $39.34 and a one year high of $56.25.
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A number of research firms recently weighed in on CYBR. Stifel Nicolaus reaffirmed a “buy” rating and set a $55.00 price target (down from $62.00) on shares of CyberArk Software in a report on Friday, July 14th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $51.00 price target (down from $61.00) on shares of CyberArk Software in a report on Friday, July 14th. ValuEngine cut CyberArk Software from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Imperial Capital dropped their price target on CyberArk Software from $55.00 to $42.00 and set an “in-line” rating for the company in a report on Friday, July 14th. Finally, BidaskClub raised CyberArk Software from a “buy” rating to a “strong-buy” rating in a report on Monday, July 17th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. CyberArk Software currently has an average rating of “Hold” and a consensus target price of $49.85.
CyberArk Software Profile
CyberArk Software Ltd is an Israel-based 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 Shares Technology Platform, Enterprise Password Vault, SSH Key Manager, Privileged Session Manager, Privileged Threat Analytics, Application Identity Manager, CyberArk-Conjur, Endpoint Privilege Manager and On-Demand Privileges Manager.
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