TT International Asset Management LTD Makes New Investment in CyberArk Software Ltd. (NASDAQ:CYBR)

TT International Asset Management LTD bought a new stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 11,058 shares of the technology company's stock, valued at approximately $3,224,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CYBR. ORG Partners LLC bought a new position in CyberArk Software in the second quarter valued at approximately $33,000. 1620 Investment Advisors Inc. bought a new position in shares of CyberArk Software during the 2nd quarter worth approximately $39,000. Assetmark Inc. boosted its stake in shares of CyberArk Software by 1,025.0% during the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company's stock worth $39,000 after acquiring an additional 123 shares during the period. Arcadia Investment Management Corp MI boosted its stake in shares of CyberArk Software by 42.2% during 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. Finally, Transcendent Capital Group LLC bought a new position in shares of CyberArk Software during the 3rd quarter worth approximately $51,000. Institutional investors and hedge funds own 91.84% of the company's stock.

CyberArk Software Price Performance

Shares of CyberArk Software stock traded up $11.51 on Wednesday, hitting $323.64. 232,199 shares of the company's stock traded hands, compared to its average volume of 517,841. The company has a fifty day moving average of $300.33 and a two-hundred day moving average of $277.29. CyberArk Software Ltd. has a one year low of $198.01 and a one year high of $333.32. The company has a market capitalization of $14.10 billion, a price-to-earnings ratio of 1,156.08 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.46 by $0.48. The firm had revenue of $240.10 million during the quarter, compared to the consensus estimate of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The company's quarterly revenue was up 25.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.31) earnings per share. Equities research analysts anticipate that CyberArk Software Ltd. will post -0.58 earnings per share for the current year.

Analyst Ratings Changes

CYBR has been the subject of several research analyst reports. BTIG Research lifted their target price on CyberArk Software from $310.00 to $325.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Royal Bank of Canada lifted their price target on CyberArk Software from $328.00 to $358.00 and gave the stock an "outperform" rating in a report on Thursday, November 14th. Scotiabank began coverage on CyberArk Software in a report on Monday, October 21st. They set a "sector outperform" rating and a $340.00 price target for the company. Cantor Fitzgerald reissued an "overweight" rating and set a $335.00 price target on shares of CyberArk Software in a report on Thursday, November 14th. Finally, KeyCorp lifted their price target on CyberArk Software from $340.00 to $355.00 and gave the stock an "overweight" rating in a report on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $328.37.

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.