HighTower Advisors LLC increased its holdings in CyberArk Software Ltd. (NASDAQ:CYBR – Get Rating) by 540.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,999 shares of the technology company’s stock after buying an additional 23,630 shares during the quarter. HighTower Advisors LLC owned 0.07% of CyberArk Software worth $4,751,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in CYBR. Marshall Wace LLP boosted its holdings in shares of CyberArk Software by 4,060.2% in the fourth quarter. Marshall Wace LLP now owns 363,932 shares of the technology company’s stock worth $63,062,000 after buying an additional 355,184 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of CyberArk Software in the first quarter worth approximately $17,346,000. Praesidium Investment Management Company LLC purchased a new position in shares of CyberArk Software in the fourth quarter worth approximately $17,046,000. Woodline Partners LP purchased a new position in shares of CyberArk Software in the fourth quarter worth approximately $16,812,000. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of CyberArk Software by 72.9% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 211,559 shares of the technology company’s stock worth $35,701,000 after buying an additional 89,180 shares during the last quarter. Hedge funds and other institutional investors own 88.36% of the company’s stock.
Analyst Ratings Changes
CYBR has been the topic of several analyst reports. Barclays lifted their price target on shares of CyberArk Software from $165.00 to $175.00 and gave the company an “overweight” rating in a report on Thursday, August 11th. Wells Fargo & Company lifted their price target on shares of CyberArk Software from $125.00 to $145.00 and gave the company an “equal weight” rating in a report on Thursday, August 11th. The Goldman Sachs Group lifted their price target on shares of CyberArk Software from $158.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, August 11th. KeyCorp lifted their price target on shares of CyberArk Software from $160.00 to $184.00 and gave the company an “overweight” rating in a report on Thursday, August 11th. Finally, Summit Insights lowered their price target on shares of CyberArk Software from $225.00 to $150.00 in a report on Thursday, May 12th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, CyberArk Software currently has an average rating of “Moderate Buy” and an average target price of $177.67.
CyberArk Software Trading Down 0.9 %
Shares of CYBR opened at $137.51 on Friday. The company’s fifty day moving average is $139.03 and its 200 day moving average is $146.11. CyberArk Software Ltd. has a fifty-two week low of $100.35 and a fifty-two week high of $201.68. The stock has a market capitalization of $5.60 billion, a PE ratio of -45.53 and a beta of 1.20. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.81 and a current ratio of 2.81.
CyberArk Software (NASDAQ:CYBR – Get Rating) last announced its quarterly earnings results on Wednesday, August 10th. The technology company reported ($0.88) earnings per share for the quarter, topping the consensus estimate of ($0.95) by $0.07. CyberArk Software had a negative net margin of 22.37% and a negative return on equity of 15.42%. The company had revenue of $142.33 million for the quarter, compared to analysts’ expectations of $138.45 million. During the same quarter in the previous year, the business posted ($0.45) earnings per share. CyberArk Software’s quarterly revenue was up 21.4% on a year-over-year basis. Sell-side analysts expect that CyberArk Software Ltd. will post -3.67 earnings per share for the current fiscal year.
CyberArk Software Company Profile
CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sales software-based security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager that offers risk-based credential security and session management to protect against attacks involving privileged access; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide fast, easy, and secure privileged access to third-party vendors; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Cloud Entitlements Manager, a SaaS solution, which reduces risk that arises from excessive privileges by implementing least privilege across cloud environments.
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