Point72 Asset Management L.P. Takes $7.16 Million Position in CyberArk Software Ltd. (CYBR)

Point72 Asset Management L.P. purchased a new stake in CyberArk Software Ltd. (NASDAQ:CYBR) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 174,600 shares of the technology company’s stock, valued at approximately $7,159,000. Point72 Asset Management L.P. owned about 0.50% of CyberArk Software at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CYBR. Asset Management One Co. Ltd. grew its position in shares of CyberArk Software by 122.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 4,250 shares of the technology company’s stock valued at $174,000 after buying an additional 2,340 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in shares of CyberArk Software by 198.4% in the 2nd 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 last quarter. Advisor Group Inc. grew its position in shares of CyberArk Software by 6.4% in the 2nd 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 last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of CyberArk Software by 26.5% in the 2nd 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 last quarter. Finally, Legal & General Group Plc grew its position in shares of CyberArk Software by 6.1% in the 2nd quarter. Legal & General Group Plc now owns 5,213 shares of the technology company’s stock valued at $260,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 77.07% of the company’s stock.

CyberArk Software Ltd. (NASDAQ CYBR) opened at $43.60 on Monday. CyberArk Software Ltd. has a 52 week low of $39.34 and a 52 week high of $55.65. The firm has a market capitalization of $1,514.75, a P/E ratio of 68.13, a P/E/G ratio of 3.57 and a beta of 2.59.

A number of equities research analysts have commented on CYBR shares. Needham & Company LLC reiterated a “buy” rating and issued a $55.00 price target on shares of CyberArk Software in a research report on Tuesday, September 12th. Piper Jaffray Companies set a $47.00 price objective on CyberArk Software and gave the company a “buy” rating in a research note on Monday, October 16th. BidaskClub downgraded CyberArk Software from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. Zacks Investment Research raised CyberArk Software from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, Bank of America raised CyberArk Software from an “underperform” rating to a “neutral” rating in a research note on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $49.91.

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CyberArk Software Company 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.

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

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