Kornitzer Capital Management Inc. KS trimmed its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 3.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 45,300 shares of the technology company's stock after selling 1,800 shares during the period. Kornitzer Capital Management Inc. KS owned about 0.11% of CyberArk Software worth $13,210,000 as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in the stock. Jackson Square Capital LLC grew its stake in shares of CyberArk Software by 28.6% in the third quarter. Jackson Square Capital LLC now owns 23,895 shares of the technology company's stock valued at $6,968,000 after buying an additional 5,308 shares in the last quarter. M&G PLC purchased a new position in shares of CyberArk Software in the third quarter valued at approximately $10,278,000. Austin Private Wealth LLC lifted its holdings in CyberArk Software by 6.8% during the 3rd quarter. Austin Private Wealth LLC now owns 815 shares of the technology company's stock worth $238,000 after buying an additional 52 shares in the last quarter. Crestwood Advisors Group LLC increased its position in shares of CyberArk Software by 47.6% during the third quarter. Crestwood Advisors Group LLC now owns 1,550 shares of the technology company's stock worth $452,000 after acquiring an additional 500 shares during the period. Finally, Rational Advisors LLC raised its stake in shares of CyberArk Software by 45.5% in the third quarter. Rational Advisors LLC now owns 12,800 shares of the technology company's stock valued at $3,733,000 after acquiring an additional 4,000 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have recently issued reports on CYBR. DA Davidson lifted their price objective on CyberArk Software from $285.00 to $315.00 and gave the company a "buy" rating in a research note on Friday, August 9th. Needham & Company LLC reiterated a "buy" rating and issued a $310.00 price target on shares of CyberArk Software in a research note on Friday, August 9th. Oppenheimer increased their price objective on shares of CyberArk Software from $310.00 to $360.00 and gave the company an "outperform" rating in a research report on Tuesday, October 22nd. Citigroup lifted their price objective on shares of CyberArk Software from $305.00 to $310.00 and gave the stock a "buy" rating in a research report on Friday, August 9th. Finally, Wedbush increased their target price on CyberArk Software from $300.00 to $325.00 and gave the company an "outperform" rating in a report on Tuesday, October 1st. One research analyst has rated the stock with a hold rating and twenty-four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $311.44.
Get Our Latest Stock Report on CYBR
Shares of NASDAQ:CYBR traded up $2.79 during trading on Thursday, reaching $297.24. The company had a trading volume of 22,799 shares, compared to its average volume of 514,063. CyberArk Software Ltd. has a fifty-two week low of $181.02 and a fifty-two week high of $308.63. The stock's fifty day moving average price is $282.40 and its 200 day moving average price is $264.53.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.14. CyberArk Software had a negative net margin of 1.53% and a negative return on equity of 0.21%. The company had revenue of $224.71 million for the quarter, compared to analysts' expectations of $219.06 million. During the same period in the previous year, the company posted ($0.58) EPS. CyberArk Software's revenue was up 27.8% compared to the same quarter last year. Equities analysts anticipate that CyberArk Software Ltd. will post -1.05 EPS for the current year.
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.
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