Kornitzer Capital Management Inc. KS Increases Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Kornitzer Capital Management Inc. KS increased its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 10.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,190 shares of the technology company's stock after buying an additional 4,890 shares during the period. Kornitzer Capital Management Inc. KS owned about 0.12% of CyberArk Software worth $16,721,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CYBR. Venturi Wealth Management LLC lifted its holdings in CyberArk Software by 6.9% during the 4th quarter. Venturi Wealth Management LLC now owns 805 shares of the technology company's stock worth $268,000 after buying an additional 52 shares during the period. Pinnbrook Capital Management LP raised its position in shares of CyberArk Software by 21.5% during the fourth quarter. Pinnbrook Capital Management LP now owns 11,864 shares of the technology company's stock worth $3,952,000 after acquiring an additional 2,097 shares during the last quarter. D.A. Davidson & CO. acquired a new position in shares of CyberArk Software in the fourth quarter worth approximately $225,000. CIBC Asset Management Inc boosted its holdings in CyberArk Software by 13.1% in the fourth quarter. CIBC Asset Management Inc now owns 4,590 shares of the technology company's stock valued at $1,529,000 after acquiring an additional 531 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its position in CyberArk Software by 3.0% during the 4th quarter. Sanctuary Advisors LLC now owns 8,149 shares of the technology company's stock valued at $2,715,000 after purchasing an additional 235 shares during the period. 91.84% of the stock is currently owned by institutional investors and hedge funds.

CyberArk Software Stock Down 4.4 %

CyberArk Software stock traded down $17.68 during mid-day trading on Friday, reaching $383.29. 672,280 shares of the company's stock were exchanged, compared to its average volume of 581,939. The business's fifty day simple moving average is $355.03 and its 200 day simple moving average is $312.10. CyberArk Software Ltd. has a one year low of $223.41 and a one year high of $421.00. The firm has a market capitalization of $16.70 billion, a PE ratio of -196.56 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of $0.71 by ($0.85). CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. On average, sell-side analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Canaccord Genuity Group boosted their price target on shares of CyberArk Software from $330.00 to $440.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Robert W. Baird boosted their target price on shares of CyberArk Software from $355.00 to $370.00 and gave the company an "outperform" rating in a report on Tuesday, December 17th. Piper Sandler increased their price target on CyberArk Software from $380.00 to $440.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Citigroup boosted their price objective on CyberArk Software from $355.00 to $410.00 and gave the company a "buy" rating in a research note on Friday, January 17th. Finally, JMP Securities raised their target price on CyberArk Software from $390.00 to $480.00 and gave the stock a "market outperform" rating in a research note on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $401.67.

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.