Semanteon Capital Management LP Invests $1.28 Million in CyberArk Software Ltd. (NASDAQ:CYBR)

Semanteon Capital Management LP bought a new stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,831 shares of the technology company’s stock, valued at approximately $1,277,000. CyberArk Software makes up approximately 0.9% of Semanteon Capital Management LP’s portfolio, making the stock its 3rd biggest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Assetmark Inc. lifted its holdings in shares of CyberArk Software by 62.1% during the third quarter. Assetmark Inc. now owns 248 shares of the technology company’s stock valued at $41,000 after purchasing an additional 95 shares during the last quarter. Desjardins Global Asset Management Inc. increased its position in CyberArk Software by 22.1% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 282 shares of the technology company’s stock valued at $62,000 after buying an additional 51 shares in the last quarter. Headlands Technologies LLC purchased a new position in CyberArk Software during the third quarter valued at $84,000. National Bank of Canada FI boosted its holdings in CyberArk Software by 34.1% in the third quarter. National Bank of Canada FI now owns 613 shares of the technology company’s stock worth $100,000 after acquiring an additional 156 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in shares of CyberArk Software by 20.6% in the fourth quarter. Blue Trust Inc. now owns 562 shares of the technology company’s stock worth $123,000 after acquiring an additional 96 shares during the last quarter. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Performance

Shares of NASDAQ CYBR traded up $0.54 during trading on Thursday, hitting $245.07. The company had a trading volume of 323,215 shares, compared to its average volume of 575,739. CyberArk Software Ltd. has a 12 month low of $120.11 and a 12 month high of $283.00. The firm has a market capitalization of $10.36 billion, a P/E ratio of -151.28 and a beta of 1.05. The stock has a 50 day simple moving average of $256.39 and a 200 day simple moving average of $222.88.

CyberArk Software (NASDAQ:CYBR) last released its earnings results on Thursday, February 8th. The technology company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.53. The company had revenue of $223.10 million for the quarter, compared to analysts’ expectations of $209.65 million. CyberArk Software had a negative net margin of 8.84% and a negative return on equity of 8.23%. As a group, analysts predict that CyberArk Software Ltd. will post -1.46 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on CYBR. Mizuho lifted their price target on CyberArk Software from $250.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Rosenblatt Securities increased their price target on shares of CyberArk Software from $265.00 to $300.00 and gave the company a “buy” rating in a report on Friday, February 9th. Bank of America reissued a “buy” rating and set a $315.00 price target on shares of CyberArk Software in a research report on Wednesday. Citigroup upped their price objective on CyberArk Software from $215.00 to $265.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $300.00 target price on shares of CyberArk Software in a research note on Wednesday, April 17th. Two investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $258.54.

CyberArk Software Profile

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sells software-based identity security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager, which offers risk-based credential security and session; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide secure access to third-party vendors; Dynamic Privileged Access, a SaaS solution that provides just-in-time access to Linux Virtual Machines; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Secure Desktop, a solution that protects access to endpoints.