Connor Clark & Lunn Investment Management Ltd. Reduces Stock Holdings in CyberArk Software Ltd. $CYBR

Connor Clark & Lunn Investment Management Ltd. reduced its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 24.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,716 shares of the technology company's stock after selling 882 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in CyberArk Software were worth $918,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in CYBR. Thoma Bravo L.P. bought a new position in shares of CyberArk Software in the 4th quarter worth $380,637,000. Congress Asset Management Co. increased its position in CyberArk Software by 304.2% during the 1st quarter. Congress Asset Management Co. now owns 332,770 shares of the technology company's stock valued at $112,476,000 after buying an additional 250,441 shares in the last quarter. Alyeska Investment Group L.P. acquired a new position in CyberArk Software during the 4th quarter valued at about $72,842,000. Janus Henderson Group PLC increased its position in CyberArk Software by 7,524.4% during the 4th quarter. Janus Henderson Group PLC now owns 170,710 shares of the technology company's stock valued at $56,914,000 after buying an additional 168,471 shares in the last quarter. Finally, Soros Fund Management LLC acquired a new position in CyberArk Software during the 4th quarter valued at about $46,747,000. 91.84% of the stock is owned by institutional investors.

CyberArk Software Stock Performance

Shares of CYBR traded down $6.1320 during mid-day trading on Thursday, reaching $432.5480. The company had a trading volume of 696,611 shares, compared to its average volume of 940,902. The stock has a market capitalization of $21.38 billion, a P/E ratio of -128.33 and a beta of 0.96. The stock has a 50 day moving average of $398.56 and a two-hundred day moving average of $372.95. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53. CyberArk Software Ltd. has a 52-week low of $254.43 and a 52-week high of $452.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.09. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.The business had revenue of $328.03 million during the quarter, compared to analysts' expectations of $315.43 million. During the same period in the previous year, the business earned $0.54 earnings per share. The business's revenue was up 46.0% compared to the same quarter last year. On average, analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CYBR. Roth Capital began coverage on CyberArk Software in a research report on Tuesday, May 13th. They set a "buy" rating and a $415.00 target price on the stock. Scotiabank reaffirmed a "sector perform" rating and set a $448.00 target price (down from $460.00) on shares of CyberArk Software in a research report on Tuesday, August 5th. DA Davidson upped their target price on CyberArk Software from $465.00 to $518.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Robert W. Baird reaffirmed a "neutral" rating and set a $460.00 target price on shares of CyberArk Software in a research report on Friday, August 1st. Finally, Baird R W lowered CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Fourteen investment analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the company's stock. According to MarketBeat, CyberArk Software currently has a consensus rating of "Hold" and an average price target of $435.11.

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.