Benjamin Edwards Inc. grew its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 147.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,299 shares of the technology company's stock after acquiring an additional 1,964 shares during the quarter. Benjamin Edwards Inc.'s holdings in CyberArk Software were worth $962,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of the business. Jennison Associates LLC lifted its holdings in shares of CyberArk Software by 0.8% in the 3rd quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company's stock valued at $353,386,000 after acquiring an additional 9,570 shares during the last quarter. RGM Capital LLC raised its holdings in CyberArk Software by 2.1% during the 2nd quarter. RGM Capital LLC now owns 814,129 shares of the technology company's stock valued at $222,599,000 after buying an additional 16,530 shares during the period. Swedbank AB lifted its position in CyberArk Software by 11.1% in the third quarter. Swedbank AB now owns 457,899 shares of the technology company's stock worth $133,528,000 after buying an additional 45,799 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of CyberArk Software in the 3rd quarter worth about $82,485,000. Finally, Clearbridge Investments LLC grew its holdings in CyberArk Software by 250.0% during the 2nd quarter. Clearbridge Investments LLC now owns 224,381 shares of the technology company's stock valued at $61,350,000 after purchasing an additional 160,269 shares during the last quarter. Hedge funds and other institutional investors own 91.84% of the company's stock.
CyberArk Software Trading Down 1.3 %
Shares of NASDAQ CYBR traded down $4.35 during trading on Friday, reaching $323.22. 834,311 shares of the company traded hands, compared to its average volume of 518,996. The stock has a market cap of $14.08 billion, a P/E ratio of 1,197.16 and a beta of 1.13. The firm's fifty day simple moving average is $299.12 and its 200 day simple moving average is $276.01. CyberArk Software Ltd. has a 12-month low of $198.01 and a 12-month high of $333.32.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.48. The firm had revenue of $240.10 million during the quarter, compared to analysts' expectations of $234.10 million. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The business's revenue was up 25.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.31) EPS. As a group, research analysts expect that CyberArk Software Ltd. will post -0.58 EPS for the current year.
Analyst Upgrades and Downgrades
CYBR has been the subject of several recent analyst reports. BTIG Research boosted their target price on CyberArk Software from $310.00 to $325.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. Barclays boosted their target price on shares of CyberArk Software from $330.00 to $335.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. DA Davidson boosted their price objective on shares of CyberArk Software from $285.00 to $315.00 and gave the company a "buy" rating in a research report on Friday, August 9th. Truist Financial reiterated a "buy" rating and issued a $350.00 target price (up from $300.00) on shares of CyberArk Software in a report on Thursday, November 14th. Finally, Mizuho raised their target price on shares of CyberArk Software from $310.00 to $325.00 and gave the company an "outperform" rating in a research report on Thursday, October 17th. One research analyst has rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $328.37.
Check Out Our Latest Stock Report on CYBR
About CyberArk Software
(
Free Report)
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.
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