CyberArk Software Ltd. (CYBR) Stake Lowered by Macquarie Group Ltd.

Macquarie Group Ltd. lowered its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 16.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 31,947 shares of the technology company’s stock after selling 6,502 shares during the quarter. Macquarie Group Ltd. owned about 0.09% of CyberArk Software worth $1,310,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Advisor Group Inc. increased its holdings in shares of CyberArk Software by 6.4% in the 2nd quarter. Advisor Group Inc. now owns 3,874 shares of the technology company’s stock valued at $193,000 after acquiring an additional 232 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of CyberArk Software by 6.1% in the 2nd quarter. Legal & General Group Plc now owns 5,213 shares of the technology company’s stock valued at $260,000 after acquiring an additional 300 shares during the last quarter. Cubist Systematic Strategies LLC grew its stake in CyberArk Software by 6.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 7,962 shares of the technology company’s stock worth $398,000 after buying an additional 480 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in CyberArk Software by 26.5% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 4,998 shares of the technology company’s stock worth $250,000 after buying an additional 1,048 shares during the last quarter. Finally, Broadview Advisors LLC grew its stake in CyberArk Software by 0.8% during the 2nd quarter. Broadview Advisors LLC now owns 147,770 shares of the technology company’s stock worth $7,381,000 after buying an additional 1,200 shares during the last quarter. Institutional investors and hedge funds own 77.08% of the company’s stock.

A number of research firms recently issued reports on CYBR. BidaskClub downgraded CyberArk Software from a “buy” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research upgraded CyberArk Software from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Wednesday, November 8th. Piper Jaffray Companies restated a “buy” rating and set a $50.00 price target on shares of CyberArk Software in a research note on Friday, November 3rd. UBS dropped their price target on CyberArk Software from $52.00 to $50.00 and set a “neutral” rating on the stock in a research note on Friday, November 3rd. Finally, Stifel Nicolaus restated a “buy” rating and set a $55.00 price target on shares of CyberArk Software in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $49.91.

CyberArk Software Ltd. (CYBR) opened at $44.02 on Friday. CyberArk Software Ltd. has a 12 month low of $39.34 and a 12 month high of $55.65. The firm has a market capitalization of $1,531.06, a P/E ratio of 68.86, a price-to-earnings-growth ratio of 3.61 and a beta of 2.59.

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CyberArk Software Profile

CyberArk Software Ltd is an Israel-based provider of information technology (IT) security solutions that protects organizations from cyber-attacks. The Company’s software solutions are focused on protecting privileged accounts, which have become a critical target in the lifecycle of cyber-attacks. The Company’s Privileged Account Security Solution consists of various products, such as Shares Technology Platform, Enterprise Password Vault, SSH Key Manager, Privileged Session Manager, Privileged Threat Analytics, Application Identity Manager, CyberArk-Conjur, Endpoint Privilege Manager and On-Demand Privileges Manager.

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Institutional Ownership by Quarter for CyberArk Software (NASDAQ:CYBR)

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