NBC Securities Inc. Decreases Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

NBC Securities Inc. lowered its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 6.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 938 shares of the technology company’s stock after selling 65 shares during the period. NBC Securities Inc.’s holdings in CyberArk Software were worth $273,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of CYBR. Swedbank AB acquired a new position in CyberArk Software during the first quarter worth about $109,466,000. 1832 Asset Management L.P. raised its position in shares of CyberArk Software by 1,291.7% during the 1st quarter. 1832 Asset Management L.P. now owns 386,365 shares of the technology company’s stock worth $102,630,000 after purchasing an additional 358,602 shares during the last quarter. Global Assets Advisory LLC purchased a new stake in CyberArk Software in the 1st quarter valued at approximately $67,736,000. Anomaly Capital Management LP acquired a new stake in CyberArk Software during the 2nd quarter valued at $49,145,000. Finally, Clearbridge Investments LLC increased its position in CyberArk Software by 250.0% during the second quarter. Clearbridge Investments LLC now owns 224,381 shares of the technology company’s stock worth $61,350,000 after buying an additional 160,269 shares in the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Price Performance

CYBR opened at $299.98 on Friday. CyberArk Software Ltd. has a 12-month low of $154.76 and a 12-month high of $308.63. The stock has a market capitalization of $12.68 billion, a PE ratio of -468.72 and a beta of 1.12. The firm’s fifty day moving average price is $280.22 and its 200 day moving average price is $261.10.

CyberArk Software (NASDAQ:CYBR) last released its earnings results on Thursday, August 8th. The technology company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.14. CyberArk Software had a negative net margin of 1.53% and a negative return on equity of 0.21%. The company had revenue of $224.71 million during the quarter, compared to the consensus estimate of $219.06 million. During the same quarter in the previous year, the firm earned ($0.58) EPS. The company’s revenue was up 27.8% on a year-over-year basis. On average, equities research analysts forecast that CyberArk Software Ltd. will post -1.06 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on CYBR. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $300.00 price objective on shares of CyberArk Software in a research note on Friday, August 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $310.00 price target on shares of CyberArk Software in a research note on Friday, August 9th. Guggenheim reiterated a “buy” rating and set a $300.00 price target on shares of CyberArk Software in a report on Tuesday, June 25th. Barclays upped their price objective on shares of CyberArk Software from $315.00 to $330.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Finally, Jefferies Financial Group lifted their target price on shares of CyberArk Software from $315.00 to $330.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. One investment analyst has rated the stock with a hold rating and twenty-four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $299.64.

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.