Aigen Investment Management LP Sells 992 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Aigen Investment Management LP lessened its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 49.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,028 shares of the technology company’s stock after selling 992 shares during the period. Aigen Investment Management LP’s holdings in CyberArk Software were worth $300,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. Greenleaf Trust increased its holdings in CyberArk Software by 2.5% in the 3rd quarter. Greenleaf Trust now owns 1,829 shares of the technology company’s stock worth $533,000 after acquiring an additional 45 shares in the last quarter. Signaturefd LLC lifted its stake in shares of CyberArk Software by 4.2% during the 3rd quarter. Signaturefd LLC now owns 1,206 shares of the technology company’s stock valued at $352,000 after buying an additional 49 shares in the last quarter. Austin Private Wealth LLC boosted its holdings in CyberArk Software by 6.8% in the 3rd quarter. Austin Private Wealth LLC now owns 815 shares of the technology company’s stock worth $238,000 after buying an additional 52 shares during the period. Arcadia Investment Management Corp MI raised its holdings in CyberArk Software by 42.2% during the second quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock valued at $50,000 after acquiring an additional 54 shares during the period. Finally, Juncture Wealth Strategies LLC lifted its position in shares of CyberArk Software by 2.1% in the third quarter. Juncture Wealth Strategies LLC now owns 2,830 shares of the technology company’s stock valued at $825,000 after acquiring an additional 57 shares in the last quarter. Institutional investors own 91.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CYBR shares. Susquehanna lifted their target price on CyberArk Software from $320.00 to $345.00 and gave the company a “positive” rating in a research note on Thursday. Rosenblatt Securities reissued a “buy” rating and issued a $310.00 target price on shares of CyberArk Software in a report on Tuesday, August 6th. JMP Securities boosted their price target on shares of CyberArk Software from $310.00 to $360.00 and gave the stock a “market outperform” rating in a research note on Thursday. DA Davidson raised their price objective on CyberArk Software from $285.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Finally, Wells Fargo & Company boosted their target price on CyberArk Software from $300.00 to $350.00 and gave the stock an “overweight” rating in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $328.37.

CyberArk Software Trading Up 1.3 %

Shares of CyberArk Software stock opened at $305.27 on Friday. CyberArk Software Ltd. has a 12 month low of $183.28 and a 12 month high of $318.16. The stock’s fifty day moving average price is $284.25 and its 200-day moving average price is $266.66. The firm has a market cap of $13.30 billion, a P/E ratio of 1,130.67 and a beta of 1.13.

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.