Franklin Resources Inc. Sells 91,861 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Franklin Resources Inc. lessened its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 16.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 473,260 shares of the technology company’s stock after selling 91,861 shares during the period. Franklin Resources Inc.’s holdings in CyberArk Software were worth $139,361,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in CyberArk Software during the 3rd quarter worth $144,000. TT International Asset Management LTD bought a new position in CyberArk Software during the 3rd quarter worth $3,224,000. Coldstream Capital Management Inc. increased its position in CyberArk Software by 3.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company’s stock worth $359,000 after buying an additional 42 shares during the period. Geode Capital Management LLC increased its position in CyberArk Software by 4.1% during the 3rd quarter. Geode Capital Management LLC now owns 372,231 shares of the technology company’s stock worth $108,020,000 after buying an additional 14,724 shares during the period. Finally, Continuum Advisory LLC increased its position in shares of CyberArk Software by 33.2% in the third quarter. Continuum Advisory LLC now owns 7,823 shares of the technology company’s stock worth $2,357,000 after purchasing an additional 1,950 shares during the period. Institutional investors own 91.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CYBR shares. Royal Bank of Canada raised their price target on CyberArk Software from $328.00 to $358.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Cantor Fitzgerald restated an “overweight” rating and issued a $335.00 price target on shares of CyberArk Software in a research report on Thursday, November 14th. BTIG Research raised their price objective on CyberArk Software from $310.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Robert W. Baird raised their price objective on CyberArk Software from $315.00 to $355.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Jefferies Financial Group raised their price objective on CyberArk Software from $315.00 to $330.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. One investment analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $333.00.

CyberArk Software Price Performance

CyberArk Software stock opened at $313.36 on Monday. The stock’s 50 day moving average is $302.84 and its 200 day moving average is $278.70. The firm has a market cap of $13.65 billion, a P/E ratio of 1,160.64 and a beta of 1.13. CyberArk Software Ltd. has a one year low of $198.01 and a one year high of $333.32.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 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 analyst estimates of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The firm’s quarterly revenue was up 25.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.31) earnings per share. Equities analysts anticipate that CyberArk Software Ltd. will post -0.58 earnings per share for the current fiscal 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.