IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 1,367 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

IQ EQ FUND MANAGEMENT IRELAND Ltd trimmed its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 7.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,673 shares of the technology company’s stock after selling 1,367 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in CyberArk Software were worth $5,154,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. RGM Capital LLC boosted its stake in CyberArk Software by 2.1% in the 2nd quarter. RGM Capital LLC now owns 814,129 shares of the technology company’s stock worth $222,599,000 after purchasing an additional 16,530 shares during the period. Whale Rock Capital Management LLC boosted its stake in CyberArk Software by 21.6% in the 1st quarter. Whale Rock Capital Management LLC now owns 459,828 shares of the technology company’s stock worth $122,144,000 after purchasing an additional 81,801 shares during the period. Swedbank AB boosted its stake in CyberArk Software by 11.1% in the 3rd quarter. Swedbank AB now owns 457,899 shares of the technology company’s stock worth $133,528,000 after purchasing an additional 45,799 shares during the period. Acadian Asset Management LLC boosted its stake in CyberArk Software by 38.2% in the 1st quarter. Acadian Asset Management LLC now owns 405,375 shares of the technology company’s stock worth $107,642,000 after purchasing an additional 112,112 shares during the period. Finally, 1832 Asset Management L.P. boosted its stake in CyberArk Software by 1,291.7% in the 1st quarter. 1832 Asset Management L.P. now owns 386,365 shares of the technology company’s stock worth $102,630,000 after purchasing an additional 358,602 shares during the period. 91.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CYBR. DA Davidson upped their target price on shares of CyberArk Software from $285.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Barclays upped their target price on shares of CyberArk Software from $315.00 to $330.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. BTIG Research increased their price objective on shares of CyberArk Software from $310.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Wedbush increased their price objective on shares of CyberArk Software from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 1st. Finally, KeyCorp increased their price objective on shares of CyberArk Software from $300.00 to $310.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. One analyst has rated the stock with a hold rating and twenty-four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $297.84.

CyberArk Software Stock Up 0.4 %

CyberArk Software stock opened at $294.16 on Thursday. The stock has a market cap of $12.43 billion, a P/E ratio of -459.63 and a beta of 1.12. CyberArk Software Ltd. has a twelve month low of $154.76 and a twelve month high of $299.50. The company’s 50-day moving average price is $279.06 and its two-hundred day moving average price is $260.61.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results on Thursday, August 8th. The technology company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.14. The firm had revenue of $224.71 million for the quarter, compared to analysts’ expectations of $219.06 million. CyberArk Software had a negative net margin of 1.53% and a negative return on equity of 0.21%. The business’s revenue was up 27.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.58) EPS. Equities analysts anticipate that CyberArk Software Ltd. will post -1.06 earnings per share for the current fiscal year.

CyberArk Software Company Profile

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.