Peregrine Capital Management LLC lowered its stake in Cyberark Software Ltd (NASDAQ:CYBR) by 7.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 323,014 shares of the technology company’s stock after selling 26,621 shares during the quarter. Peregrine Capital Management LLC owned about 0.91% of Cyberark Software worth $25,789,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CYBR. Acadian Asset Management LLC bought a new stake in shares of Cyberark Software in the 2nd quarter valued at $38,809,000. OppenheimerFunds Inc. bought a new stake in shares of Cyberark Software in the 2nd quarter valued at $38,220,000. Legal & General Group Plc increased its position in shares of Cyberark Software by 3,149.8% in the 1st quarter. Legal & General Group Plc now owns 383,903 shares of the technology company’s stock valued at $19,587,000 after buying an additional 372,090 shares in the last quarter. Hood River Capital Management LLC bought a new stake in shares of Cyberark Software in the 2nd quarter valued at $16,254,000. Finally, Epoch Investment Partners Inc. increased its position in shares of Cyberark Software by 13.7% in the 2nd quarter. Epoch Investment Partners Inc. now owns 1,485,527 shares of the technology company’s stock valued at $93,529,000 after buying an additional 178,712 shares in the last quarter. Institutional investors and hedge funds own 76.90% of the company’s stock.
A number of equities analysts have issued reports on CYBR shares. Morgan Stanley upgraded Cyberark Software from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $71.00 to $92.00 in a report on Thursday, September 27th. Zacks Investment Research upgraded Cyberark Software from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a report on Friday, August 10th. JPMorgan Chase & Co. upgraded Cyberark Software from a “neutral” rating to an “overweight” rating and set a $85.00 target price for the company in a report on Wednesday, August 8th. Barclays increased their target price on Cyberark Software from $66.00 to $69.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 8th. Finally, Piper Jaffray Companies increased their target price on Cyberark Software to $90.00 and gave the stock an “overweight” rating in a report on Monday, September 17th. Six investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $73.25.
Shares of NASDAQ CYBR opened at $70.06 on Friday. The stock has a market capitalization of $2.53 billion, a PE ratio of 91.03, a P/E/G ratio of 4.71 and a beta of 2.06. Cyberark Software Ltd has a fifty-two week low of $40.63 and a fifty-two week high of $81.24.
Cyberark Software (NASDAQ:CYBR) last announced its quarterly earnings data on Tuesday, August 7th. The technology company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.12. The company had revenue of $77.71 million during the quarter, compared to analysts’ expectations of $72.93 million. Cyberark Software had a return on equity of 7.67% and a net margin of 6.80%. On average, sell-side analysts expect that Cyberark Software Ltd will post 0.76 earnings per share for the current fiscal year.
About Cyberark Software
CyberArk Software Ltd. develops, markets, and sells software-based security solutions that protect organizations from cyber attacks in the United States and internationally. The company offers privileged account security solution to secure, manage, and monitor account access and activities. Its privileged account security solution consists of Enterprise Password Vault that prevents user passwords and SSH keys; Privileged Session Manager that protects windows based systems, databases, virtual machines, network devices, Web sites, and SaaS applications; and Privileged Threat Analytics that enables to detect, alert, and respond to anomalous privileged activity.
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