CI Investments Inc. Has $1.60 Million Stake in CyberArk Software Ltd. $CYBR

CI Investments Inc. cut its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 98.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,302 shares of the technology company’s stock after selling 172,293 shares during the quarter. CI Investments Inc.’s holdings in CyberArk Software were worth $1,596,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. TIAA Trust National Association grew its position in CyberArk Software by 3.4% in the 3rd quarter. TIAA Trust National Association now owns 32,063 shares of the technology company’s stock valued at $15,491,000 after purchasing an additional 1,047 shares during the period. Diversify Wealth Management LLC lifted its holdings in CyberArk Software by 2.9% during the third quarter. Diversify Wealth Management LLC now owns 4,904 shares of the technology company’s stock valued at $2,545,000 after purchasing an additional 137 shares during the last quarter. Integrated Advisors Network LLC boosted its holdings in shares of CyberArk Software by 9.6% in the third quarter. Integrated Advisors Network LLC now owns 29,751 shares of the technology company’s stock worth $14,374,000 after acquiring an additional 2,616 shares during the period. Choreo LLC lifted its stake in CyberArk Software by 141.4% in the 3rd quarter. Choreo LLC now owns 1,736 shares of the technology company’s stock worth $839,000 after purchasing an additional 1,017 shares in the last quarter. Finally, Interchange Capital Partners LLC purchased a new stake in shares of CyberArk Software in the 3rd quarter valued at about $203,000. 91.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on CYBR. JPMorgan Chase & Co. decreased their target price on shares of CyberArk Software from $474.00 to $425.00 and set a “neutral” rating on the stock in a research report on Monday, February 9th. Barclays dropped their target price on shares of CyberArk Software from $520.00 to $460.00 and set an “equal weight” rating for the company in a report on Thursday, February 5th. Piper Sandler set a $474.00 target price on CyberArk Software in a report on Wednesday, December 17th. Mizuho reduced their price target on shares of CyberArk Software from $520.00 to $470.00 and set an “outperform” rating on the stock in a research report on Thursday, February 5th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of CyberArk Software in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twenty-two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, CyberArk Software presently has a consensus rating of “Hold” and an average price target of $459.95.

CyberArk Software Stock Down 0.1%

CYBR opened at $408.85 on Friday. The firm’s 50 day simple moving average is $429.01 and its two-hundred day simple moving average is $459.45. The company has a market capitalization of $20.64 billion, a PE ratio of -139.54, a PEG ratio of 18.11 and a beta of 0.91. CyberArk Software Ltd. has a 1-year low of $288.63 and a 1-year high of $526.19. The company has a current ratio of 2.00, a quick ratio of 2.14 and a debt-to-equity ratio of 0.51.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Wednesday, February 4th. The technology company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.15 by $0.18. CyberArk Software had a positive return on equity of 0.77% and a negative net margin of 10.79%.The firm had revenue of $372.65 million for the quarter, compared to the consensus estimate of $377.22 million. During the same quarter last year, the company earned $0.80 earnings per share. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. As a group, equities analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current year.

CyberArk Software Company Profile

CyberArk Software Ltd. is a cybersecurity company that focuses on identity security and privileged access management. Its core mission is to protect organizations from cyber threats that target privileged accounts, credentials and secrets that can provide attackers with broad access to critical systems. CyberArk’s offerings are designed to help enterprises control, monitor and secure privileged credentials across on-premises, cloud and hybrid environments, reducing the risk of lateral movement and data breaches.

The company delivers a suite of software and cloud services that address privileged access, secrets management, endpoint privilege management and identity-based threat detection.