CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by RiverPark Advisors LLC

RiverPark Advisors LLC trimmed its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 51.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 530 shares of the technology company’s stock after selling 562 shares during the period. RiverPark Advisors LLC’s holdings in CyberArk Software were worth $155,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of CYBR. Natixis Advisors LLC increased its holdings in shares of CyberArk Software by 2.3% in the 3rd quarter. Natixis Advisors LLC now owns 61,153 shares of the technology company’s stock worth $17,833,000 after acquiring an additional 1,388 shares during the period. Mizuho Markets Americas LLC acquired a new stake in shares of CyberArk Software in the 3rd quarter worth about $13,997,000. CIBC Asset Management Inc increased its holdings in shares of CyberArk Software by 6.4% in the 3rd quarter. CIBC Asset Management Inc now owns 4,059 shares of the technology company’s stock worth $1,184,000 after acquiring an additional 245 shares during the period. Curi RMB Capital LLC acquired a new stake in shares of CyberArk Software in the 3rd quarter worth about $774,000. Finally, Zions Bancorporation N.A. increased its holdings in shares of CyberArk Software by 17.4% in the 3rd quarter. Zions Bancorporation N.A. now owns 10,478 shares of the technology company’s stock worth $3,055,000 after acquiring an additional 1,551 shares during the period. 91.84% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Trading Up 1.3 %

CYBR stock opened at $305.27 on Friday. CyberArk Software Ltd. has a one year low of $183.28 and a one year high of $318.16. The firm has a market capitalization of $13.30 billion, a PE ratio of 1,130.67 and a beta of 1.13. The firm has a 50-day moving average of $285.06 and a two-hundred day moving average of $267.28.

Analysts Set New Price Targets

A number of research firms recently weighed in on CYBR. Oppenheimer increased their price objective on shares of CyberArk Software from $310.00 to $360.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Barclays increased their target price on shares of CyberArk Software from $330.00 to $335.00 and gave the company an “overweight” rating in a research report on Thursday. Jefferies Financial Group increased their target price on shares of CyberArk Software from $315.00 to $330.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Robert W. Baird increased their target price on shares of CyberArk Software from $315.00 to $355.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Susquehanna increased their target price on shares of CyberArk Software from $320.00 to $345.00 and gave the company a “positive” rating in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $328.37.

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.