Raymond James Financial Services Advisors Inc. Decreases Position in CyberArk Software Ltd. (CYBR)

Raymond James Financial Services Advisors Inc. decreased its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 14.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,834 shares of the technology company’s stock after selling 1,285 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in CyberArk Software were worth $321,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CYBR. BNP Paribas Arbitrage SA lifted its holdings in CyberArk Software by 198.4% in the second quarter. BNP Paribas Arbitrage SA now owns 3,796 shares of the technology company’s stock valued at $190,000 after acquiring an additional 2,524 shares during the period. Advisor Group Inc. lifted its holdings in CyberArk Software by 6.4% in the second 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 period. Cambridge Investment Research Advisors Inc. lifted its holdings in CyberArk Software by 26.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 4,998 shares of the technology company’s stock valued at $250,000 after acquiring an additional 1,048 shares during the period. Legal & General Group Plc lifted its holdings in CyberArk Software by 6.1% in the second 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 period. Finally, HighTower Advisors LLC acquired a new position in CyberArk Software in the second quarter valued at approximately $264,000. 77.08% of the stock is owned by hedge funds and other institutional investors.

Shares of CyberArk Software Ltd. (NASDAQ 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 company has a market capitalization of $1,531.06, a P/E ratio of 68.86, a P/E/G ratio of 3.61 and a beta of 2.59.

Several brokerages have recently weighed in on CYBR. ValuEngine downgraded CyberArk Software from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $55.00 target price on shares of CyberArk Software in a research note on Tuesday, September 12th. Zacks Investment Research raised CyberArk Software from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. BidaskClub downgraded CyberArk Software from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $50.00 target price 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 assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $49.91.

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CyberArk Software Company 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.

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

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