Harvey Partners LLC reduced its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 5.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,750 shares of the technology company's stock after selling 2,250 shares during the period. Harvey Partners LLC owned 0.09% of CyberArk Software worth $11,008,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Ensign Peak Advisors Inc acquired a new position in shares of CyberArk Software during the 2nd quarter worth approximately $711,000. Sycomore Asset Management boosted its holdings in shares of CyberArk Software by 36.6% during the 2nd quarter. Sycomore Asset Management now owns 60,781 shares of the technology company's stock worth $15,973,000 after purchasing an additional 16,294 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of CyberArk Software by 527.2% during the 1st quarter. Cetera Investment Advisers now owns 11,452 shares of the technology company's stock worth $3,042,000 after purchasing an additional 9,626 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of CyberArk Software by 0.8% during the 3rd quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company's stock worth $353,386,000 after purchasing an additional 9,570 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of CyberArk Software during the 3rd quarter worth approximately $82,485,000. 91.84% of the stock is currently owned by institutional investors and hedge funds.
CyberArk Software Stock Up 1.2 %
Shares of CYBR stock traded up $3.91 during mid-day trading on Tuesday, reaching $323.02. The company's stock had a trading volume of 399,370 shares, compared to its average volume of 525,709. The company's 50 day simple moving average is $295.82 and its 200-day simple moving average is $273.99. CyberArk Software Ltd. has a 12-month low of $198.01 and a 12-month high of $332.05. The firm has a market capitalization of $14.07 billion, a PE ratio of 1,181.93 and a beta of 1.13.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.48. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The firm had revenue of $240.10 million for the quarter, compared to the consensus estimate of $234.10 million. During the same quarter in the previous year, the firm posted ($0.31) EPS. The firm's quarterly revenue was up 25.6% on a year-over-year basis. As a group, research analysts anticipate that CyberArk Software Ltd. will post -0.62 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on CYBR. Robert W. Baird upped their price objective on CyberArk Software from $315.00 to $355.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Oppenheimer upped their price objective on CyberArk Software from $310.00 to $360.00 and gave the company an "outperform" rating in a report on Tuesday, October 22nd. Barclays boosted their target price on CyberArk Software from $330.00 to $335.00 and gave the company an "overweight" rating in a research report on Thursday, November 14th. Wells Fargo & Company boosted their target price on CyberArk Software from $300.00 to $350.00 and gave the company an "overweight" rating in a research report on Thursday, November 14th. Finally, UBS Group boosted their target price on CyberArk Software from $340.00 to $360.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and twenty-six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $328.37.
Check Out Our Latest Stock Analysis on CYBR
CyberArk Software Profile
(
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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