Janney Montgomery Scott LLC Cuts Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Janney Montgomery Scott LLC trimmed its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 2.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,816 shares of the technology company’s stock after selling 240 shares during the quarter. Janney Montgomery Scott LLC’s holdings in CyberArk Software were worth $2,862,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Oppenheimer & Co. Inc. raised its stake in shares of CyberArk Software by 28.0% during the 1st quarter. Oppenheimer & Co. Inc. now owns 1,695 shares of the technology company’s stock worth $450,000 after buying an additional 371 shares in the last quarter. Sei Investments Co. increased its holdings in CyberArk Software by 1.5% in the first quarter. Sei Investments Co. now owns 99,470 shares of the technology company’s stock valued at $26,423,000 after buying an additional 1,475 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of CyberArk Software by 58.3% during the first quarter. Russell Investments Group Ltd. now owns 33,255 shares of the technology company’s stock valued at $8,830,000 after purchasing an additional 12,242 shares during the last quarter. US Bancorp DE grew its holdings in CyberArk Software by 3.6% in the 1st quarter. US Bancorp DE now owns 10,220 shares of the technology company’s stock worth $2,715,000 after buying an additional 353 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in CyberArk Software by 17.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 22,573 shares of the technology company’s stock worth $5,996,000 after purchasing an additional 3,349 shares during the period. 91.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CYBR has been the subject of a number of research analyst reports. DA Davidson increased their target price on CyberArk Software from $285.00 to $315.00 and gave the company a “buy” rating in a report on Friday, August 9th. Citigroup raised their price target on shares of CyberArk Software from $305.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Oppenheimer raised their price target 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. Needham & Company LLC reaffirmed a “buy” rating and set a $310.00 target price on shares of CyberArk Software in a report on Friday, August 9th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $310.00 price objective on shares of CyberArk Software in a research report on Monday, November 4th. One research analyst has rated the stock with a hold rating and twenty-four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $311.44.

CyberArk Software Stock Down 0.0 %

Shares of NASDAQ CYBR opened at $294.56 on Tuesday. The firm’s 50-day moving average price is $282.76 and its 200-day moving average price is $265.48. The company has a market cap of $12.83 billion, a PE ratio of -917.53 and a beta of 1.13. CyberArk Software Ltd. has a 52-week low of $181.11 and a 52-week high of $308.63.

CyberArk Software 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.