Invictus RG increased its holdings in Cyberark Software Ltd (NASDAQ:CYBR) by 98.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,040 shares of the technology company’s stock after acquiring an additional 4,487 shares during the quarter. Invictus RG’s holdings in Cyberark Software were worth $722,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also made changes to their positions in the stock. Epoch Investment Partners Inc. increased its holdings in shares of Cyberark Software by 13.7% during the second quarter. Epoch Investment Partners Inc. now owns 1,485,527 shares of the technology company’s stock valued at $93,529,000 after acquiring an additional 178,712 shares in the last quarter. Acadian Asset Management LLC boosted its position in Cyberark Software by 139.2% in the third quarter. Acadian Asset Management LLC now owns 1,474,648 shares of the technology company’s stock worth $117,737,000 after purchasing an additional 858,244 shares during the last quarter. Jennison Associates LLC boosted its position in Cyberark Software by 11.0% in the second quarter. Jennison Associates LLC now owns 1,189,243 shares of the technology company’s stock worth $74,875,000 after purchasing an additional 117,867 shares during the last quarter. BlackRock Inc. boosted its position in Cyberark Software by 26.7% in the second quarter. BlackRock Inc. now owns 642,976 shares of the technology company’s stock worth $40,481,000 after purchasing an additional 135,332 shares during the last quarter. Finally, OppenheimerFunds Inc. purchased a new position in Cyberark Software in the second quarter worth about $38,220,000. 78.83% of the stock is owned by institutional investors.
CYBR stock opened at $72.81 on Wednesday. Cyberark Software Ltd has a twelve month low of $40.63 and a twelve month high of $84.21. The stock has a market cap of $2.64 billion, a PE ratio of 99.74, a P/E/G ratio of 4.45 and a beta of 2.09.
Cyberark Software (NASDAQ:CYBR) last posted its quarterly earnings data on Wednesday, November 7th. The technology company reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.21. Cyberark Software had a return on equity of 9.38% and a net margin of 8.41%. The firm had revenue of $84.70 million for the quarter, compared to analysts’ expectations of $78.82 million. During the same period in the previous year, the firm earned $0.25 EPS. The business’s quarterly revenue was up 30.7% on a year-over-year basis. As a group, sell-side analysts predict that Cyberark Software Ltd will post 1.01 earnings per share for the current year.
CYBR has been the topic of several research reports. TheStreet raised Cyberark Software from a “c+” rating to a “b-” rating in a research report on Thursday, August 9th. Zacks Investment Research raised Cyberark Software from a “hold” rating to a “buy” rating and set a $77.00 target price on the stock in a research report on Friday, August 10th. Stifel Nicolaus reissued a “buy” rating and issued a $70.00 target price on shares of Cyberark Software in a research report on Thursday, August 9th. Dougherty & Co raised their target price on Cyberark Software from $64.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, August 8th. Finally, UBS Group raised their target price on Cyberark Software from $71.00 to $74.00 and gave the stock a “buy” rating in a research report on Wednesday, August 8th. Six research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Cyberark Software has a consensus rating of “Buy” and an average price target of $78.94.
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Cyberark Software Profile
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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