Royal Bank of Canada Trims Position in CyberArk Software Ltd. (CYBR)

Royal Bank of Canada lessened its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 54.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,371 shares of the technology company’s stock after selling 6,301 shares during the period. Royal Bank of Canada’s holdings in CyberArk Software were worth $267,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA lifted its stake in shares of CyberArk Software by 198.4% in the second quarter. BNP Paribas Arbitrage SA now owns 3,796 shares of the technology company’s stock valued at $190,000 after buying an additional 2,524 shares during the period. Advisor Group Inc. lifted its stake in shares of CyberArk Software by 6.4% in the second quarter. Advisor Group Inc. now owns 3,874 shares of the technology company’s stock valued at $193,000 after buying an additional 232 shares during the period. Legal & General Group Plc bought a new stake in shares of CyberArk Software in the first quarter valued at about $250,000. Cambridge Investment Research Advisors Inc. lifted its stake in shares of CyberArk Software by 26.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 4,998 shares of the technology company’s stock valued at $250,000 after buying an additional 1,048 shares during the period. Finally, HighTower Advisors LLC bought a new stake in shares of CyberArk Software in the second quarter valued at about $264,000. Institutional investors and hedge funds own 65.51% of the company’s stock.

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Shares of CyberArk Software Ltd. (NASDAQ:CYBR) opened at $45.86 on Tuesday. The firm has a market cap of $1,566.84, a P/E ratio of 70.47, a PEG ratio of 3.69 and a beta of 2.56. CyberArk Software Ltd. has a fifty-two week low of $39.34 and a fifty-two week high of $56.25.

Several research firms recently issued reports on CYBR. Bank of America Corporation raised shares of CyberArk Software from an “underperform” rating to a “neutral” rating in a research report on Thursday, November 2nd. BidaskClub lowered shares of CyberArk Software from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. TheStreet lowered shares of CyberArk Software from a “c” rating to a “d+” rating in a research report on Thursday, August 10th. Summit Redstone raised shares of CyberArk Software from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Finally, UBS AG dropped their price target on shares of CyberArk Software from $52.00 to $50.00 and set a “neutral” rating for the company in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $49.91.

About CyberArk Software

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

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