LMR Partners LLP Cuts Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

LMR Partners LLP reduced its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 53.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,105 shares of the technology company’s stock after selling 55,600 shares during the quarter. LMR Partners LLP owned about 0.11% of CyberArk Software worth $14,320,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. MAI Capital Management raised its holdings in shares of CyberArk Software by 21.4% during the 3rd quarter. MAI Capital Management now owns 2,699 shares of the technology company’s stock valued at $787,000 after buying an additional 475 shares during the period. Swiss National Bank lifted its stake in shares of CyberArk Software by 2.5% in the 3rd quarter. Swiss National Bank now owns 128,700 shares of the technology company’s stock valued at $37,530,000 after purchasing an additional 3,100 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of CyberArk Software by 2.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 101,926 shares of the technology company’s stock worth $29,723,000 after purchasing an additional 2,059 shares during the period. Natixis Advisors LLC grew its stake in CyberArk Software by 2.3% during the third quarter. Natixis Advisors LLC now owns 61,153 shares of the technology company’s stock worth $17,833,000 after buying an additional 1,388 shares during the last quarter. Finally, Mizuho Markets Americas LLC acquired a new position in CyberArk Software in the third quarter valued at approximately $13,997,000. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Analyst Upgrades and Downgrades

CYBR has been the subject of a number of research reports. Needham & Company LLC restated a “buy” rating and set a $310.00 target price on shares of CyberArk Software in a research note on Friday, August 9th. Rosenblatt Securities reissued a “buy” rating and issued a $310.00 price target on shares of CyberArk Software in a research report on Tuesday, August 6th. UBS Group increased their price target on shares of CyberArk Software from $340.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday. Scotiabank assumed coverage on shares of CyberArk Software in a research report on Monday, October 21st. They set a “sector outperform” rating and a $340.00 price target on the stock. Finally, Piper Sandler raised their price target on CyberArk Software from $300.00 to $345.00 and gave the stock an “overweight” rating in a research note on Thursday. One equities research analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $328.37.

CyberArk Software Stock Up 1.3 %

Shares of CyberArk Software stock opened at $305.27 on Monday. The stock’s 50-day simple moving average is $285.06 and its 200-day simple moving average is $267.28. CyberArk Software Ltd. has a 52 week low of $183.28 and a 52 week high of $318.16. The company has a market capitalization of $13.30 billion, a price-to-earnings ratio of 1,130.63 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.46 by $0.48. The firm had revenue of $240.10 million during the quarter, compared to analyst estimates of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The business’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.31) EPS. On average, equities analysts expect that CyberArk Software Ltd. will post -0.99 earnings per share for the current year.

About CyberArk Software

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sells software-based identity security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager, which offers risk-based credential security and session; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide secure access to third-party vendors; Dynamic Privileged Access, a SaaS solution that provides just-in-time access to Linux Virtual Machines; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Secure Desktop, a solution that protects access to endpoints.