Vaughan Nelson Investment Management L.P. lowered its position in Cyberark Software Ltd (NASDAQ:CYBR) by 23.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 544,550 shares of the technology company’s stock after selling 168,625 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 1.53% of Cyberark Software worth $43,477,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Allianz Asset Management GmbH bought a new position in Cyberark Software during the first quarter valued at approximately $228,000. Cornerstone Wealth Management LLC bought a new position in Cyberark Software during the second quarter valued at approximately $350,000. State of New Jersey Common Pension Fund D bought a new position in Cyberark Software during the second quarter valued at approximately $330,000. Hood River Capital Management LLC bought a new position in Cyberark Software during the second quarter valued at approximately $16,254,000. Finally, Bfsg LLC bought a new position in Cyberark Software during the second quarter valued at approximately $429,000. Institutional investors and hedge funds own 78.54% of the company’s stock.
CYBR has been the topic of a number of recent research reports. BidaskClub cut shares of Cyberark Software from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 1st. Evercore ISI reiterated a “buy” rating and set a $75.00 price target on shares of Cyberark Software in a research report on Wednesday, August 8th. JPMorgan Chase & Co. upgraded shares of Cyberark Software from a “neutral” rating to an “overweight” rating and set a $85.00 price target on the stock in a research report on Wednesday, August 8th. UBS Group increased their price target on shares of Cyberark Software from $71.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday, August 8th. Finally, Barclays raised their target price on shares of Cyberark Software from $66.00 to $69.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 8th. Seven analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Cyberark Software presently has an average rating of “Buy” and an average price target of $78.94.
Cyberark Software (NASDAQ:CYBR) last issued its earnings results on Wednesday, November 7th. The technology company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.21. Cyberark Software had a net margin of 8.41% and a return on equity of 9.38%. The firm had revenue of $84.70 million for the quarter, compared to analysts’ expectations of $78.82 million. During the same quarter last year, the business earned $0.25 earnings per share. The business’s revenue was up 30.7% on a year-over-year basis. On average, research analysts forecast that Cyberark Software Ltd will post 1.01 EPS for the current fiscal year.
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About Cyberark Software
CyberArk Software Ltd. develops, markets, and sells software-based security solutions that protect organizations from cyber attacks in the United States and internationally. The company offers privileged account security solution to secure, manage, and monitor account access and activities. Its privileged account security solution consists of Enterprise Password Vault that prevents user passwords and SSH keys; Privileged Session Manager that protects windows based systems, databases, virtual machines, network devices, Web sites, and SaaS applications; and Privileged Threat Analytics that enables to detect, alert, and respond to anomalous privileged activity.
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