2,581 Shares in CyberArk Software Ltd. (NASDAQ:CYBR) Purchased by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division purchased a new stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,581 shares of the technology company's stock, valued at approximately $860,000.

A number of other hedge funds have also modified their holdings of the business. Assetmark Inc. raised its stake in CyberArk Software by 1,025.0% in the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company's stock valued at $39,000 after purchasing an additional 123 shares during the last quarter. Arcadia Investment Management Corp MI grew its stake in CyberArk Software by 42.2% in the 2nd quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company's stock worth $50,000 after acquiring an additional 54 shares during the period. Transcendent Capital Group LLC acquired a new position in CyberArk Software in the 3rd quarter valued at $51,000. Future Financial Wealth Managment LLC purchased a new position in shares of CyberArk Software during the 3rd quarter worth $87,000. Finally, Centaurus Financial Inc. purchased a new position in shares of CyberArk Software during the 2nd quarter worth $109,000. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Trading Up 1.1 %

CYBR traded up $3.81 on Friday, reaching $339.47. The company had a trading volume of 379,422 shares, compared to its average volume of 568,711. The company has a market capitalization of $14.79 billion, a P/E ratio of 1,257.34 and a beta of 1.13. The company has a fifty day moving average of $311.92 and a 200-day moving average of $286.97. CyberArk Software Ltd. has a one year low of $209.50 and a one year high of $348.02.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly 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 company had revenue of $240.10 million for the quarter, compared to analysts' expectations of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The firm's revenue for the quarter was up 25.6% on a year-over-year basis. During the same period last year, the firm earned ($0.31) EPS. Research analysts predict that CyberArk Software Ltd. will post -0.58 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Wedbush lifted their price target on shares of CyberArk Software from $300.00 to $325.00 and gave the company an "outperform" rating in a report on Tuesday, October 1st. Royal Bank of Canada boosted their price target on CyberArk Software from $358.00 to $385.00 and gave the company an "outperform" rating in a research report on Friday. JPMorgan Chase & Co. upped their price target on CyberArk Software from $355.00 to $375.00 and gave the stock an "overweight" rating in a research note on Monday, December 16th. KeyCorp lifted their price objective on CyberArk Software from $340.00 to $355.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. Finally, Scotiabank assumed coverage on shares of CyberArk Software in a research report on Monday, October 21st. They set a "sector outperform" rating and a $340.00 target price for the company. One equities research analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat.com, CyberArk Software currently has an average rating of "Moderate Buy" and a consensus price target of $345.22.

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.