Banque Cantonale Vaudoise reduced its holdings in CyberArk Software Ltd. (NASDAQ:CYBR – free report) by 14.9% in the first quarter, according to its latest SEC filing. The fund sold 2,128 shares during the quarter, leaving it holding 12,201 shares of the technology company. Banque Cantonale Vaudoise’s holdings in CyberArk Software were worth $3,241,000 at the end of the latest reporting period.
Other hedge funds also modified their holdings in CYBR. FinTrust Capital Advisors LLC bought a new position in CyberArk Software in the fourth quarter, valued at approximately $34,000. Desjardins Global Asset Management Inc. increased its holdings in CyberArk Software by 22.1% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 282 shares of the technology company’s stock, valued at $62,000, after purchasing an additional 51 shares during the period. Principal Securities Inc. acquired a new position in CyberArk Software in the fourth quarter, valued at approximately $100,000. Blue Trust Inc. increased its holdings in CyberArk Software by 20.6% in the fourth quarter. Blue Trust Inc. now owns 562 shares of the technology company’s stock valued at $123,000 after purchasing an additional 96 shares during the period. Finally, Pacer Advisors increased its holdings in CyberArk Software by 14.9% in the fourth quarter. Pacer Advisors now owns 564 shares of the technology company’s stock valued at $124,000 after purchasing an additional 73 shares during the period. 91.84% of the stock is owned by hedge funds and other institutional investors.
Analyst Rating Changes
Several brokerage firms have recently expressed their opinions on CYBR. Wedbush reaffirmed an “outperform” rating and a $285.00 price target on shares of CyberArk Software in a report on Friday, May 3rd. Cantor Fitzgerald reaffirmed an “overweight” rating and a $300.00 price target on shares of CyberArk Software in a report on Friday. BTIG Research initiated coverage on shares of CyberArk Software in a report on Thursday, March 28th. The firm issued a “buy” rating and a $317.00 price target on the stock. Rosenblatt Securities reaffirmed a “buy” rating and a $310.00 price target on shares of CyberArk Software in a research note on Wednesday, May 1st. Finally, Bank of America reaffirmed a “buy” rating and $315.00 price target on shares of CyberArk Software in a research note on Wednesday, April 24. Two investment analysts have rated the stock with a hold rating, and 23 have issued a buy rating. According to data from MarketBeat.com, CyberArk Software has a consensus rating of “moderate buy” and an average target price of $270.83.
Get the latest CYBR stock report
CyberArk Software shares rose 0.6%
NASDAQ CYBR opened trading at $258.00 on Friday. CyberArk Software Ltd.’s 52-week low is $142.92 and its 52-week high is $283.00. The company’s 50-day simple moving average is $241.05 and its 200-day simple moving average is $240.97. The company has a market cap of $10.9 billion, a P/E ratio of -403.13 and a beta of 1.08.
CyberArk Software (NASDAQ:CYBR – Get free report ) last released its quarterly earnings data on Thursday, May 2nd. The technology company reported quarterly earnings per share (EPS) of $0.16, beating analysts’ consensus estimates of $0.51 by $0.67. The company’s revenue for the quarter was $221.55 million, beating the consensus estimate of $213.42 million. CyberArk Software had a return on equity of -2.51% and a net margin of -3.20%. Research analysts expect CyberArk Software to post EPS of -1.24 for the current fiscal year.
About CyberArk Software
(Free report)
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. The company’s solutions include Privileged Access Manager, which provides risk-based credential security and sessions; Vendor Privileged Access Manager, which combines Privileged Access Manager with 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 protects endpoint privileges; and Secure Desktop, a solution that protects access to endpoints.
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