Navellier & Associates Inc. Has $2.35 Million Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Navellier & Associates Inc. decreased its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 2.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,069 shares of the technology company’s stock after selling 187 shares during the quarter. Navellier & Associates Inc.’s holdings in CyberArk Software were worth $2,353,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the business. Jennison Associates LLC lifted its holdings in shares of CyberArk Software by 0.8% in the third quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company’s stock valued at $353,386,000 after purchasing an additional 9,570 shares in the last quarter. 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% during the first quarter. Whale Rock Capital Management LLC now owns 459,828 shares of the technology company’s stock valued at $122,144,000 after buying an additional 81,801 shares during the period. Swedbank AB increased its holdings in shares of 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 buying an additional 45,799 shares during the last quarter. Finally, 1832 Asset Management L.P. lifted its holdings in shares of 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 acquiring an additional 358,602 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on CYBR. Wedbush increased their price objective on CyberArk Software from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, October 1st. Cantor Fitzgerald reissued an “overweight” rating and set a $335.00 price objective on shares of CyberArk Software in a research report on Thursday, November 14th. Canaccord Genuity Group upped their target price on shares of CyberArk Software from $310.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. DA Davidson boosted their target price on shares of CyberArk Software from $285.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Finally, Royal Bank of Canada increased their target price on CyberArk Software from $328.00 to $358.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. One research analyst has rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $328.37.

CyberArk Software Price Performance

Shares of CYBR stock opened at $318.50 on Thursday. The stock’s 50-day moving average is $288.08 and its 200 day moving average is $268.96. CyberArk Software Ltd. has a 1-year low of $189.44 and a 1-year high of $318.64. The company has a market cap of $13.88 billion, a P/E ratio of 1,173.75 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. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The firm had revenue of $240.10 million during the quarter, compared to analyst estimates of $234.10 million. During the same quarter in the prior year, the business posted ($0.31) EPS. The business’s revenue for the quarter was up 25.6% compared to the same quarter last year. On average, analysts anticipate that CyberArk Software Ltd. will post -0.95 EPS for the current 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.