Engineers Gate Manager LP Takes Position in Cyberark Software Ltd (CYBR)

Engineers Gate Manager LP acquired a new position in shares of Cyberark Software Ltd (NASDAQ:CYBR) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 51,725 shares of the technology company’s stock, valued at approximately $2,141,000. Engineers Gate Manager LP owned approximately 0.15% of Cyberark Software as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in CYBR. Bank of New York Mellon Corp lifted its stake in Cyberark Software by 72.2% during the second quarter. Bank of New York Mellon Corp now owns 25,084 shares of the technology company’s stock worth $1,252,000 after purchasing an additional 10,518 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Cyberark Software by 6.1% in the second quarter. Legal & General Group Plc now owns 5,213 shares of the technology company’s stock valued at $260,000 after purchasing an additional 300 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Cyberark Software by 57.4% in the second quarter. JPMorgan Chase & Co. now owns 35,220 shares of the technology company’s stock valued at $1,759,000 after purchasing an additional 12,845 shares during the period. Nationwide Fund Advisors increased its holdings in shares of Cyberark Software by 70.7% in the second quarter. Nationwide Fund Advisors now owns 41,946 shares of the technology company’s stock valued at $2,095,000 after purchasing an additional 17,376 shares during the period. Finally, New York State Common Retirement Fund increased its holdings in shares of Cyberark Software by 24.9% in the second quarter. New York State Common Retirement Fund now owns 19,622 shares of the technology company’s stock valued at $980,000 after purchasing an additional 3,916 shares during the period. 76.63% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently weighed in on CYBR shares. Piper Jaffray Companies reaffirmed a “buy” rating and set a $50.00 price objective on shares of Cyberark Software in a report on Friday, November 3rd. ValuEngine lowered Cyberark Software from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Zacks Investment Research raised Cyberark Software from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Wednesday, November 8th. BidaskClub downgraded Cyberark Software from a “hold” rating to a “sell” rating in a research report on Friday, December 15th. Finally, UBS Group reduced their price objective on Cyberark Software from $52.00 to $50.00 and set a “neutral” rating on the stock in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $49.69.

Cyberark Software Ltd (NASDAQ:CYBR) traded up $0.14 during trading hours on Wednesday, reaching $44.82. The company’s stock had a trading volume of 391,102 shares, compared to its average volume of 477,365. Cyberark Software Ltd has a 52 week low of $39.34 and a 52 week high of $55.63. The company has a market cap of $1,550.00, a P/E ratio of 71.14, a PEG ratio of 3.05 and a beta of 2.45.

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About Cyberark Software

CyberArk Software Ltd is an Israel-based provider of information technology (IT) security solutions that protects organizations from cyber-attacks. The Company’s software solutions are focused on protecting privileged accounts, which have become a critical target in the lifecycle of cyber-attacks. The Company’s Privileged Account Security Solution consists of various products, such as Shares Technology Platform, Enterprise Password Vault, SSH Key Manager, Privileged Session Manager, Privileged Threat Analytics, Application Identity Manager, CyberArk-Conjur, Endpoint Privilege Manager and On-Demand Privileges Manager.

Institutional Ownership by Quarter for Cyberark Software (NASDAQ:CYBR)

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