TimesSquare Capital Management LLC Has $186.68 Million Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

TimesSquare Capital Management LLC boosted its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 560,353 shares of the technology company's stock after acquiring an additional 24,805 shares during the period. CyberArk Software accounts for 2.7% of TimesSquare Capital Management LLC's portfolio, making the stock its largest position. TimesSquare Capital Management LLC owned 1.29% of CyberArk Software worth $186,682,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in CYBR. Thurston Springer Miller Herd & Titak Inc. bought a new position in CyberArk Software in the fourth quarter valued at about $25,000. Assetmark Inc. boosted its holdings in CyberArk Software by 1,025.0% in the third quarter. Assetmark Inc. now owns 135 shares of the technology company's stock valued at $39,000 after acquiring an additional 123 shares during the last quarter. Montag A & Associates Inc. boosted its holdings in CyberArk Software by 47.2% during the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock worth $44,000 after buying an additional 42 shares during the last quarter. Brown Lisle Cummings Inc. bought a new position in CyberArk Software during the fourth quarter worth about $50,000. Finally, Transcendent Capital Group LLC bought a new position in CyberArk Software during the third quarter worth about $51,000. Institutional investors own 91.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Royal Bank of Canada raised their target price on CyberArk Software from $385.00 to $410.00 and gave the stock an "outperform" rating in a report on Tuesday, January 21st. UBS Group raised their target price on CyberArk Software from $340.00 to $360.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Wells Fargo & Company raised their target price on CyberArk Software from $425.00 to $500.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Oppenheimer raised their target price on CyberArk Software from $360.00 to $420.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. Finally, Susquehanna raised their target price on CyberArk Software from $320.00 to $345.00 and gave the stock a "positive" rating in a report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to MarketBeat, CyberArk Software has a consensus rating of "Moderate Buy" and a consensus target price of $401.67.

CyberArk Software Trading Down 4.4 %

Shares of NASDAQ:CYBR traded down $17.68 during trading on Friday, hitting $383.29. 672,280 shares of the company were exchanged, compared to its average volume of 581,939. The stock has a market cap of $16.70 billion, a price-to-earnings ratio of -196.56 and a beta of 1.15. CyberArk Software Ltd. has a fifty-two week low of $223.41 and a fifty-two week high of $421.00. The firm has a fifty day moving average price of $355.03 and a two-hundred day moving average price of $312.10.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. As a group, research analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current year.

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.