Menta Capital LLC reduced its holdings in shares of Cyberark Software Ltd (NASDAQ:CYBR) by 75.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,694 shares of the technology company’s stock after selling 30,300 shares during the quarter. Menta Capital LLC’s holdings in Cyberark Software were worth $719,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the stock. Cerebellum GP LLC bought a new stake in Cyberark Software during the 4th quarter worth approximately $41,000. Optimum Investment Advisors bought a new stake in Cyberark Software during the 4th quarter worth approximately $44,000. Quantamental Technologies LLC bought a new stake in Cyberark Software during the 4th quarter worth approximately $59,000. IFP Advisors Inc increased its holdings in Cyberark Software by 131.3% during the 4th quarter. IFP Advisors Inc now owns 1,413 shares of the technology company’s stock worth $104,000 after acquiring an additional 802 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its holdings in Cyberark Software by 130.6% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,845 shares of the technology company’s stock worth $136,000 after acquiring an additional 1,045 shares during the period. Institutional investors own 78.05% of the company’s stock.
A number of research firms recently weighed in on CYBR. BidaskClub raised shares of Cyberark Software from a “buy” rating to a “strong-buy” rating in a report on Friday, March 1st. Morgan Stanley set a $126.00 target price on shares of Cyberark Software and gave the stock a “buy” rating in a report on Friday, February 15th. Barclays reaffirmed a “hold” rating and set a $112.00 target price on shares of Cyberark Software in a report on Friday, February 15th. Wedbush upped their target price on shares of Cyberark Software from $95.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, February 15th. Finally, Evercore ISI reaffirmed a “buy” rating and set a $96.00 target price on shares of Cyberark Software in a report on Wednesday, February 13th. Four research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $86.25.
Shares of NASDAQ:CYBR opened at $112.32 on Friday. The firm has a market capitalization of $4.02 billion, a PE ratio of 78.55, a P/E/G ratio of 4.87 and a beta of 1.87. Cyberark Software Ltd has a one year low of $48.60 and a one year high of $114.24.
Cyberark Software (NASDAQ:CYBR) last issued its quarterly earnings results on Thursday, February 14th. The technology company reported $0.89 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.30. The firm had revenue of $109.10 million for the quarter, compared to analyst estimates of $95.94 million. Cyberark Software had a net margin of 13.72% and a return on equity of 12.24%. The business’s revenue for the quarter was up 35.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.41 EPS. On average, equities research analysts expect that Cyberark Software Ltd will post 1.11 earnings per share for the current fiscal year.
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Cyberark Software Company 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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