Soros Fund Management LLC reduced its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 32.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 186,565 shares of the technology company’s stock after selling 88,735 shares during the period. Soros Fund Management LLC’s holdings in CyberArk Software were worth $9,491,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. MARSHALL WACE ASIA Ltd purchased a new position in shares of CyberArk Software during the first quarter valued at approximately $56,420,000. Marshall Wace North America L.P. purchased a new position in shares of CyberArk Software during the first quarter valued at approximately $56,420,000. Columbia Wanger Asset Management LLC purchased a new position in shares of CyberArk Software during the first quarter valued at approximately $30,030,000. Jennison Associates LLC raised its position in shares of CyberArk Software by 62.8% in the first quarter. Jennison Associates LLC now owns 959,820 shares of the technology company’s stock valued at $48,826,000 after buying an additional 370,293 shares during the last quarter. Finally, Allianz Asset Management AG raised its position in shares of CyberArk Software by 570.3% in the fourth quarter. Allianz Asset Management AG now owns 288,636 shares of the technology company’s stock valued at $13,133,000 after buying an additional 245,578 shares during the last quarter. Institutional investors own 77.86% of the company’s stock.
Shares of CyberArk Software Ltd. (NASDAQ:CYBR) traded up 0.06% during midday trading on Friday, hitting $48.57. The stock had a trading volume of 409,351 shares. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 55.83 and a beta of 2.66. CyberArk Software Ltd. has a 52 week low of $44.13 and a 52 week high of $59.28. The stock has a 50 day moving average price of $49.97 and a 200-day moving average price of $50.34.
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A number of research analysts recently issued reports on CYBR shares. Needham & Company LLC started coverage on CyberArk Software in a research report on Tuesday, March 28th. They set a “buy” rating and a $62.00 price objective for the company. Bank of America Corporation lowered CyberArk Software from a “buy” rating to an “underperform” rating and reduced their price objective for the company from $62.00 to $43.00 in a research report on Friday, May 12th. Piper Jaffray Companies reduced their price objective on CyberArk Software from $63.00 to $61.00 and set an “overweight” rating for the company in a research report on Friday, May 12th. Zacks Investment Research upgraded CyberArk Software from a “sell” rating to a “hold” rating in a research report on Wednesday, April 12th. Finally, Vetr lowered CyberArk Software from a “strong-buy” rating to a “buy” rating and set a $60.34 price objective for the company. in a research report on Monday, May 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. CyberArk Software currently has an average rating of “Buy” and a consensus target price of $57.43.
About CyberArk Software
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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