Quantinno Capital Management LP Has $453,000 Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Quantinno Capital Management LP raised its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 4.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,553 shares of the technology company’s stock after purchasing an additional 73 shares during the period. Quantinno Capital Management LP’s holdings in CyberArk Software were worth $453,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CYBR. Wealth Enhancement Advisory Services LLC boosted its stake in CyberArk Software by 11.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,202 shares of the technology company’s stock valued at $602,000 after acquiring an additional 223 shares during the last quarter. ORG Partners LLC acquired a new position in shares of CyberArk Software in the 2nd quarter valued at $33,000. Assenagon Asset Management S.A. boosted its position in shares of CyberArk Software by 13.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,682 shares of the technology company’s stock worth $460,000 after purchasing an additional 195 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in shares of CyberArk Software by 35.6% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 5,920 shares of the technology company’s stock worth $1,619,000 after purchasing an additional 1,553 shares during the period. Finally, 1620 Investment Advisors Inc. bought a new stake in CyberArk Software in the second quarter valued at about $39,000. Institutional investors own 91.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CYBR shares. Royal Bank of Canada raised their target price on CyberArk Software from $328.00 to $358.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Oppenheimer lifted their price objective on shares of CyberArk Software from $310.00 to $360.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group upped their target price on shares of CyberArk Software from $315.00 to $330.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Barclays lifted their price target on shares of CyberArk Software from $330.00 to $335.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Finally, UBS Group upped their price objective on shares of CyberArk Software from $340.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and twenty-six have issued a buy rating to the company. Based on data from MarketBeat, CyberArk Software currently has an average rating of “Moderate Buy” and a consensus target price of $333.00.

CyberArk Software Stock Performance

CYBR opened at $313.36 on Friday. The business’s 50-day simple moving average is $302.84 and its 200 day simple moving average is $278.70. CyberArk Software Ltd. has a 52-week low of $198.01 and a 52-week high of $333.32. The firm has a market capitalization of $13.65 billion, a PE ratio of 1,160.64 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.48. The company had revenue of $240.10 million for the quarter, compared to analysts’ expectations of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The business’s revenue was up 25.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.31) EPS. On average, research analysts forecast that CyberArk Software Ltd. will post -0.58 earnings per share for the current year.

About CyberArk Software

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.