CyberArk Software Ltd. (NASDAQ:CYBR) Position Increased by LMR Partners LLP

LMR Partners LLP lifted its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 254.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 174,105 shares of the technology company’s stock after acquiring an additional 125,000 shares during the quarter. CyberArk Software accounts for approximately 0.5% of LMR Partners LLP’s portfolio, making the stock its 10th largest holding. LMR Partners LLP owned about 0.40% of CyberArk Software worth $58,003,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. CHURCHILL MANAGEMENT Corp purchased a new position in shares of CyberArk Software in the 4th quarter valued at about $764,000. China Universal Asset Management Co. Ltd. acquired a new stake in shares of CyberArk Software during the 4th quarter valued at approximately $1,166,000. Spire Wealth Management lifted its position in shares of CyberArk Software by 236.8% during the 4th quarter. Spire Wealth Management now owns 4,756 shares of the technology company’s stock valued at $1,584,000 after acquiring an additional 3,344 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of CyberArk Software by 9.7% during the 4th quarter. Geneos Wealth Management Inc. now owns 11,576 shares of the technology company’s stock worth $3,857,000 after acquiring an additional 1,024 shares in the last quarter. Finally, Park Avenue Securities LLC grew its holdings in shares of CyberArk Software by 27.7% in the 4th quarter. Park Avenue Securities LLC now owns 4,092 shares of the technology company’s stock worth $1,363,000 after acquiring an additional 887 shares during the period. 91.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CYBR has been the subject of a number of research analyst reports. JMP Securities raised their price target on CyberArk Software from $390.00 to $480.00 and gave the company a “market outperform” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. raised their target price on shares of CyberArk Software from $375.00 to $431.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Barclays reduced their price target on shares of CyberArk Software from $450.00 to $405.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Guggenheim reissued a “buy” rating and set a $455.00 price objective on shares of CyberArk Software in a research note on Tuesday, February 25th. Finally, Morgan Stanley cut their price objective on CyberArk Software from $390.00 to $380.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $415.18.

CyberArk Software Trading Down 1.5%

NASDAQ:CYBR opened at $359.04 on Monday. CyberArk Software Ltd. has a twelve month low of $223.41 and a twelve month high of $421.00. The firm has a market capitalization of $17.75 billion, a price-to-earnings ratio of -184.12 and a beta of 0.99. The firm’s fifty day simple moving average is $340.85 and its 200 day simple moving average is $338.76.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. On average, analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

CyberArk Software Company 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.