Heritage Wealth Management LLC Decreases Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

Heritage Wealth Management LLC lowered its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 21.8% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 409 shares of the technology company’s stock after selling 114 shares during the quarter. Heritage Wealth Management LLC’s holdings in CyberArk Software were worth $65,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Artisan Partners Limited Partnership grew its holdings in shares of CyberArk Software by 46.2% during the 2nd quarter. Artisan Partners Limited Partnership now owns 636,011 shares of the technology company’s stock worth $82,853,000 after purchasing an additional 201,121 shares during the period. Phoenix Holdings Ltd. raised its position in shares of CyberArk Software by 3.6% in the 3rd quarter. Phoenix Holdings Ltd. now owns 29,086 shares of the technology company’s stock valued at $4,597,000 after purchasing an additional 1,002 shares in the last quarter. Nuveen Asset Management LLC raised its position in shares of CyberArk Software by 6.3% in the 2nd quarter. Nuveen Asset Management LLC now owns 106,741 shares of the technology company’s stock valued at $13,905,000 after purchasing an additional 6,292 shares in the last quarter. Nicholas Company Inc. raised its position in shares of CyberArk Software by 6.2% during the 2nd quarter. Nicholas Company Inc. now owns 122,675 shares of the technology company’s stock valued at $15,981,000 after acquiring an additional 7,120 shares in the last quarter. Finally, M&T Bank Corp acquired a new stake in shares of CyberArk Software during the 2nd quarter valued at approximately $203,000. Institutional investors and hedge funds own 91.90% of the company’s stock.

A number of research analysts recently commented on CYBR shares. Piper Sandler lowered their price objective on CyberArk Software from $220.00 to $200.00 in a research note on Thursday, January 6th. JMP Securities upped their price objective on CyberArk Software from $173.00 to $214.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 27th. They noted that the move was a valuation call. Colliers Securities restated a “buy” rating and set a $200.00 price objective on shares of CyberArk Software in a research note on Wednesday, September 22nd. Barclays increased their price target on CyberArk Software from $200.00 to $230.00 and gave the stock an “overweight” rating in a research note on Friday, November 5th. Finally, Wells Fargo & Company initiated coverage on CyberArk Software in a research note on Monday, October 4th. They issued an “equal weight” rating and a $165.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $188.47.

Shares of CyberArk Software stock opened at $144.28 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 3.67 and a current ratio of 3.67. The business has a fifty day simple moving average of $171.26 and a 200-day simple moving average of $162.78. CyberArk Software Ltd. has a fifty-two week low of $113.34 and a fifty-two week high of $201.68.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Thursday, November 4th. The technology company reported ($0.06) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.01. The business had revenue of $121.60 million during the quarter, compared to analyst estimates of $120.03 million. CyberArk Software had a negative return on equity of 4.96% and a negative net margin of 11.09%. The company’s revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.13) earnings per share. Sell-side analysts forecast that CyberArk Software Ltd. will post -1.77 EPS for the current year.

CyberArk Software Profile

CyberArk Software Ltd. engages in the development, market, and sale of access security software solutions. It offers its products and services to banking, insurance, healthcare, and federal industries. The company was founded by Udi Mokady and Alon Cohen in 1999 and is headquartered in Petah Tikva, Israel.

Featured Article: How does a reverse stock split work?

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

Receive News & Ratings for CyberArk Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CyberArk Software and related companies with MarketBeat.com's FREE daily email newsletter.