US Bancorp DE increased its stake in shares of Cyberark Software Ltd (NASDAQ:CYBR) by 25.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,615 shares of the technology company’s stock after acquiring an additional 1,546 shares during the period. US Bancorp DE’s holdings in Cyberark Software were worth $315,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Fox Run Management L.L.C. lifted its position in shares of Cyberark Software by 74.3% during the 4th quarter. Fox Run Management L.L.C. now owns 14,641 shares of the technology company’s stock worth $606,000 after buying an additional 6,241 shares during the period. Bridgecreek Investment Management LLC bought a new position in shares of Cyberark Software during the 3rd quarter worth approximately $1,713,000. Cipher Capital LP acquired a new stake in Cyberark Software during the 3rd quarter valued at $3,184,000. Commerzbank Aktiengesellschaft FI increased its holdings in Cyberark Software by 5.4% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 63,176 shares of the technology company’s stock valued at $2,590,000 after purchasing an additional 3,234 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in Cyberark Software during the 3rd quarter valued at $7,159,000. Institutional investors and hedge funds own 76.15% of the company’s stock.
CYBR has been the subject of a number of recent analyst reports. Piper Jaffray Companies reaffirmed a “buy” rating and set a $50.00 price target on shares of Cyberark Software in a report on Friday, November 3rd. ValuEngine cut Cyberark Software from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Zacks Investment Research raised Cyberark Software from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a report on Wednesday, November 8th. BidaskClub cut Cyberark Software from a “sell” rating to a “strong sell” rating in a report on Wednesday, December 27th. Finally, UBS Group dropped their price target on Cyberark Software from $52.00 to $50.00 and set a “neutral” rating for the company in a report on Friday, November 3rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $50.74.
Cyberark Software (NASDAQ:CYBR) last released its earnings results on Thursday, February 15th. The technology company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.05. The company had revenue of $80.37 million during the quarter, compared to analysts’ expectations of $75.62 million. Cyberark Software had a return on equity of 6.88% and a net margin of 6.12%. The business’s revenue for the quarter was up 24.9% on a year-over-year basis. During the same period last year, the firm earned $0.41 EPS. equities research analysts anticipate that Cyberark Software Ltd will post 0.54 EPS for the current year.
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Cyberark Software Company Profile
CyberArk Software Ltd is an Israel-based provider of information technology (IT) security solutions that protects organizations from cyber-attacks. The Company’s software solutions are focused on protecting privileged accounts, which have become a critical target in the lifecycle of cyber-attacks. The Company’s Privileged Account Security Solution consists of various products, such as Shares Technology Platform, Enterprise Password Vault, SSH Key Manager, Privileged Session Manager, Privileged Threat Analytics, Application Identity Manager, CyberArk-Conjur, Endpoint Privilege Manager and On-Demand Privileges Manager.
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