The Manufacturers Life Insurance Company Sells 4,240 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

The Manufacturers Life Insurance Company lessened its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 4.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 101,880 shares of the technology company’s stock after selling 4,240 shares during the period. The Manufacturers Life Insurance Company owned 0.23% of CyberArk Software worth $29,709,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in CYBR. Mather Group LLC. acquired a new stake in shares of CyberArk Software during the 2nd quarter worth about $27,000. ORG Partners LLC acquired a new stake in CyberArk Software during the second quarter worth approximately $33,000. 1620 Investment Advisors Inc. acquired a new stake in CyberArk Software during the second quarter worth approximately $39,000. Assetmark Inc. boosted its holdings in shares of CyberArk Software by 1,025.0% during the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after acquiring an additional 123 shares during the period. Finally, Arcadia Investment Management Corp MI grew its position in shares of CyberArk Software by 42.2% in the second quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock valued at $50,000 after purchasing an additional 54 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Trading Up 1.5 %

Shares of CyberArk Software stock opened at $323.51 on Friday. The firm’s 50 day moving average is $295.12 and its 200 day moving average is $273.02. The firm has a market capitalization of $14.10 billion, a PE ratio of 1,198.23 and a beta of 1.13. CyberArk Software Ltd. has a 1 year low of $193.91 and a 1 year high of $332.05.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.48. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The firm had revenue of $240.10 million for the quarter, compared to analysts’ expectations of $234.10 million. During the same quarter in the previous year, the firm posted ($0.31) earnings per share. The company’s revenue was up 25.6% on a year-over-year basis. As a group, research analysts anticipate that CyberArk Software Ltd. will post -0.62 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. UBS Group boosted their price target on CyberArk Software from $340.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Susquehanna lifted their target price on CyberArk Software from $320.00 to $345.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. Stifel Nicolaus upped their price target on shares of CyberArk Software from $306.00 to $335.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. DA Davidson raised their price target on shares of CyberArk Software from $285.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, Oppenheimer boosted their price objective on shares of CyberArk Software from $310.00 to $360.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. One analyst has rated the stock with a hold rating and twenty-six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $328.37.

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.