CyberArk Software Ltd. (NASDAQ:CYBR) saw a large decrease in short interest during the month of August. As of August 15th, there was short interest totalling 1,514,824 shares, a decrease of 37.1% from the July 31st total of 2,409,519 shares. Based on an average daily volume of 962,525 shares, the short-interest ratio is presently 1.6 days. Currently, 4.5% of the company’s stock are short sold.

A number of hedge funds have recently bought and sold shares of the stock. Nationwide Fund Advisors boosted its stake in CyberArk Software by 30.2% in the first quarter. Nationwide Fund Advisors now owns 24,570 shares of the technology company’s stock valued at $1,250,000 after buying an additional 5,700 shares in the last quarter. DUPONT CAPITAL MANAGEMENT Corp boosted its stake in CyberArk Software by 61.9% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 6,539 shares of the technology company’s stock valued at $333,000 after buying an additional 2,500 shares in the last quarter. Wells Fargo & Company MN boosted its stake in CyberArk Software by 4.1% in the first quarter. Wells Fargo & Company MN now owns 560,530 shares of the technology company’s stock valued at $28,514,000 after buying an additional 22,060 shares in the last quarter. Jennison Associates LLC boosted its stake in CyberArk Software by 62.8% in the first quarter. Jennison Associates LLC now owns 959,820 shares of the technology company’s stock valued at $48,826,000 after buying an additional 370,293 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in CyberArk Software by 61.4% in the first quarter. First Trust Advisors LP now owns 125,314 shares of the technology company’s stock valued at $6,375,000 after buying an additional 47,692 shares in the last quarter. 81.74% of the stock is currently owned by hedge funds and other institutional investors.

CyberArk Software (NASDAQ CYBR) opened at 40.01 on Friday. The company has a 50 day moving average of $41.33 and a 200-day moving average of $48.13. CyberArk Software has a 52-week low of $39.37 and a 52-week high of $59.28. The stock has a market capitalization of $1.18 billion, a P/E ratio of 51.36 and a beta of 2.57.

A number of equities research analysts have commented on the stock. Summit Redstone downgraded shares of CyberArk Software from a “buy” rating to a “hold” rating and set a $50.00 price objective on the stock. in a research report on Friday, May 12th. Stifel Nicolaus reissued a “buy” rating and issued a $55.00 price objective (down from $62.00) on shares of CyberArk Software in a research report on Friday, July 14th. Imperial Capital downgraded shares of CyberArk Software from an “outperform” rating to an “in-line” rating and dropped their price objective for the company from $63.00 to $55.00 in a research report on Friday, May 12th. Piper Jaffray Companies reissued an “overweight” rating and issued a $51.00 price objective (down from $61.00) on shares of CyberArk Software in a research report on Friday, July 14th. Finally, Evercore ISI reissued an “in-line” rating and issued a $60.00 price objective on shares of CyberArk Software in a research report on Friday, May 12th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $51.17.

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About CyberArk Software

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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