Ameriprise Financial Inc. reduced its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 11.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 887,259 shares of the technology company’s stock after selling 113,919 shares during the quarter. Ameriprise Financial Inc. owned about 3.00% of CyberArk Software worth $44,320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in CyberArk Software in the first quarter valued at approximately $102,000. BNP Paribas Arbitrage SA raised its stake 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 purchasing an additional 2,524 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in CyberArk Software in the first quarter valued at approximately $201,000. FNY Partners Fund LP purchased a new stake in CyberArk Software in the first quarter valued at approximately $223,000. Finally, Legal & General Group Plc purchased a new stake in CyberArk Software in the first quarter valued at approximately $250,000. 80.47% of the stock is currently owned by institutional investors and hedge funds.

CyberArk Software Ltd. (CYBR) opened at 42.16 on Friday. The stock has a 50 day moving average of $40.76 and a 200 day moving average of $47.20. The company has a market cap of $1.25 billion, a PE ratio of 54.12 and a beta of 2.58. CyberArk Software Ltd. has a one year low of $39.34 and a one year high of $56.25.

A number of equities research analysts recently weighed in on the stock. BidaskClub raised shares of CyberArk Software from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 1st. UBS AG reaffirmed a “neutral” rating and issued a $52.00 target price (down from $57.00) on shares of CyberArk Software in a research note on Friday, July 14th. Cowen and Company reaffirmed a “market perform” rating and issued a $43.00 target price (down from $53.00) on shares of CyberArk Software in a research note on Friday, July 14th. Zacks Investment Research downgraded shares of CyberArk Software from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, J P Morgan Chase & Co downgraded shares of CyberArk Software from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $63.00 to $45.00 in a research note on Friday, July 14th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. CyberArk Software presently has a consensus rating of “Hold” and a consensus price target of $50.60.

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CyberArk Software 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.

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

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