Hodges Capital Management Inc. lifted its position in shares of Cyberark Software Ltd (NASDAQ:CYBR) by 190.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,443 shares of the technology company’s stock after acquiring an additional 38,965 shares during the period. Hodges Capital Management Inc. owned approximately 0.16% of Cyberark Software worth $7,077,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. SG Americas Securities LLC boosted its stake in Cyberark Software by 26.7% in the third quarter. SG Americas Securities LLC now owns 8,638 shares of the technology company’s stock worth $690,000 after purchasing an additional 1,823 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in Cyberark Software by 250.3% in the third quarter. Allianz Asset Management GmbH now owns 75,949 shares of the technology company’s stock worth $6,064,000 after purchasing an additional 54,267 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Cyberark Software in the third quarter worth $536,000. LPL Financial LLC boosted its stake in Cyberark Software by 82.6% in the third quarter. LPL Financial LLC now owns 12,895 shares of the technology company’s stock worth $1,030,000 after purchasing an additional 5,833 shares in the last quarter. Finally, BlueMountain Capital Management LLC boosted its stake in Cyberark Software by 155.0% in the third quarter. BlueMountain Capital Management LLC now owns 14,439 shares of the technology company’s stock worth $1,153,000 after purchasing an additional 8,776 shares in the last quarter. 77.43% of the stock is owned by institutional investors.
A number of equities analysts have commented on the company. Barclays boosted their price objective on Cyberark Software from $112.00 to $122.00 and gave the stock an “equal weight” rating in a research note on Friday. Mizuho began coverage on Cyberark Software in a research note on Tuesday, March 26th. They set a “buy” rating and a $135.00 price target on the stock. Wedbush upped their price target on Cyberark Software to $140.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. FBN Securities began coverage on Cyberark Software in a research note on Tuesday, March 19th. They set an “outperform” rating and a $130.00 price target on the stock. Finally, BidaskClub raised Cyberark Software from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 1st. Four equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Cyberark Software presently has a consensus rating of “Buy” and an average price target of $91.36.
NASDAQ CYBR traded up $0.48 on Monday, reaching $121.89. The company had a trading volume of 737,362 shares, compared to its average volume of 913,991. The company has a market capitalization of $4.54 billion, a PE ratio of 85.24, a P/E/G ratio of 5.25 and a beta of 1.87. Cyberark Software Ltd has a 52 week low of $51.68 and a 52 week high of $124.59.
Cyberark Software (NASDAQ:CYBR) last released its quarterly earnings data on Thursday, February 14th. The technology company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.30. The business had revenue of $109.10 million during the quarter, compared to the consensus estimate of $95.94 million. Cyberark Software had a return on equity of 12.24% and a net margin of 13.72%. The firm’s revenue was up 35.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.41 earnings per share. On average, equities research analysts predict that Cyberark Software Ltd will post 1.11 EPS for the current year.
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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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