GW&K Investment Management LLC acquired a new stake in CyberArk Software Ltd. (NASDAQ:CYBR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 60,820 shares of the company’s stock, valued at approximately $2,955,000.
A number of other large investors have also added to or reduced their stakes in CYBR. Springbok Capital Management LLC acquired a new stake in CyberArk Software during the first quarter valued at $168,000. Brookside Capital Management LLC boosted its stake in CyberArk Software by 5.7% in the first quarter. Brookside Capital Management LLC now owns 1,351,571 shares of the company’s stock valued at $57,617,000 after buying an additional 73,433 shares during the period. Granahan Investment Management Inc. MA acquired a new stake in CyberArk Software during the first quarter valued at $3,875,000. Geode Capital Management LLC boosted its stake in CyberArk Software by 15.3% in the first quarter. Geode Capital Management LLC now owns 13,026 shares of the company’s stock valued at $555,000 after buying an additional 1,728 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in CyberArk Software during the first quarter valued at $607,000. Institutional investors and hedge funds own 70.11% of the company’s stock.
CyberArk Software Ltd. (NASDAQ:CYBR) traded down 0.10% during trading on Friday, hitting $49.57. The stock had a trading volume of 365,523 shares. CyberArk Software Ltd. has a 52-week low of $31.50 and a 52-week high of $59.28. The company’s 50 day moving average is $52.82 and its 200 day moving average is $47.59. The firm has a market cap of $1.47 billion, a PE ratio of 64.54 and a beta of 2.90.
CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.09. The firm earned $50.40 million during the quarter, compared to analyst estimates of $48.25 million. CyberArk Software had a return on equity of 12.54% and a net margin of 14.55%. CyberArk Software’s quarterly revenue was up 38.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 earnings per share. Equities research analysts forecast that CyberArk Software Ltd. will post $1.07 earnings per share for the current year.
Several research firms have weighed in on CYBR. Nomura increased their price objective on CyberArk Software from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, September 6th. DA Davidson increased their target price on CyberArk Software from $51.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 10th. William Blair reissued an “outperform” rating on shares of CyberArk Software in a research report on Wednesday, August 10th. Deutsche Bank AG increased their target price on CyberArk Software from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, August 10th. Finally, Imperial Capital reissued an “in-line” rating and issued a $45.00 target price on shares of CyberArk Software in a research report on Sunday, July 24th. Eight equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $57.41.
About CyberArk Software
CyberArk Software Ltd. (CyberArk) provides information technology (IT) security solutions that protect organizations from cyber-attacks. The Company’s products include Privileged Account Security Solution and Sensitive Information Management Solution. Its Privileged Account Security Solution enables its customers to secure, manage and monitor privileged account access and activities.
Want to see what other hedge funds are holding CYBR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CyberArk Software Ltd. (NASDAQ:CYBR).
Receive News & Ratings for CyberArk Software Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CyberArk Software Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.