Westover Capital Advisors LLC Boosts Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Westover Capital Advisors LLC boosted its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 47.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,332 shares of the technology company’s stock after acquiring an additional 2,991 shares during the quarter. Westover Capital Advisors LLC’s holdings in CyberArk Software were worth $2,044,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Assetmark Inc. increased its position in CyberArk Software by 62.1% during the third quarter. Assetmark Inc. now owns 248 shares of the technology company’s stock valued at $41,000 after acquiring an additional 95 shares during the last quarter. Desjardins Global Asset Management Inc. increased its position in CyberArk Software by 22.1% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 282 shares of the technology company’s stock valued at $62,000 after acquiring an additional 51 shares during the last quarter. Headlands Technologies LLC purchased a new stake in CyberArk Software during the third quarter valued at $84,000. Blue Trust Inc. increased its position in CyberArk Software by 20.6% during the fourth quarter. Blue Trust Inc. now owns 562 shares of the technology company’s stock valued at $123,000 after acquiring an additional 96 shares during the last quarter. Finally, Pacer Advisors Inc. increased its position in CyberArk Software by 14.9% during the fourth quarter. Pacer Advisors Inc. now owns 564 shares of the technology company’s stock valued at $124,000 after acquiring an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Citigroup upped their price target on CyberArk Software from $215.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Mizuho upped their price target on CyberArk Software from $250.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Cantor Fitzgerald restated an “overweight” rating and issued a $300.00 price target on shares of CyberArk Software in a research report on Wednesday, April 17th. Bank of America restated a “buy” rating and issued a $315.00 price target on shares of CyberArk Software in a research report on Wednesday, April 24th. Finally, Wells Fargo & Company upped their price target on CyberArk Software from $250.00 to $275.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Two analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, CyberArk Software presently has a consensus rating of “Moderate Buy” and a consensus target price of $258.96.

CyberArk Software Stock Down 2.2 %

CyberArk Software stock traded down $5.32 during midday trading on Thursday, reaching $231.84. 857,847 shares of the stock traded hands, compared to its average volume of 576,526. The stock’s fifty day moving average is $255.34 and its 200-day moving average is $225.39. CyberArk Software Ltd. has a 12 month low of $120.11 and a 12 month high of $283.00. The stock has a market cap of $9.80 billion, a P/E ratio of -142.39 and a beta of 1.06.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Thursday, February 8th. The technology company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.53. The firm had revenue of $223.10 million during the quarter, compared to analysts’ expectations of $209.65 million. CyberArk Software had a negative return on equity of 8.23% and a negative net margin of 8.84%. On average, equities analysts predict that CyberArk Software Ltd. will post -1.46 EPS for the current fiscal year.

About CyberArk Software

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.