CyberArk Software Ltd. (NASDAQ:CYBR) Shares Purchased by Picton Mahoney Asset Management

Picton Mahoney Asset Management raised its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,441 shares of the technology company’s stock after acquiring an additional 2,547 shares during the period. CyberArk Software accounts for approximately 0.5% of Picton Mahoney Asset Management’s portfolio, making the stock its 21st largest position. Picton Mahoney Asset Management owned approximately 0.22% of CyberArk Software worth $19,810,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CYBR. TimesSquare Capital Management LLC boosted its stake in CyberArk Software by 2.1% during the 3rd quarter. TimesSquare Capital Management LLC now owns 553,969 shares of the technology company’s stock worth $90,724,000 after purchasing an additional 11,387 shares during the period. Dorsey & Whitney Trust CO LLC acquired a new position in CyberArk Software in the 3rd quarter valued at about $217,000. M&T Bank Corp raised its stake in CyberArk Software by 9.2% during the 3rd quarter. M&T Bank Corp now owns 2,723 shares of the technology company’s stock valued at $446,000 after acquiring an additional 230 shares during the last quarter. Acadian Asset Management LLC raised its stake in CyberArk Software by 226.3% during the 3rd quarter. Acadian Asset Management LLC now owns 295,893 shares of the technology company’s stock valued at $48,434,000 after acquiring an additional 205,224 shares during the last quarter. Finally, Nordea Investment Management AB lifted its position in CyberArk Software by 9.6% during the 4th quarter. Nordea Investment Management AB now owns 2,841 shares of the technology company’s stock worth $624,000 after acquiring an additional 250 shares during the period. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Up 0.8 %

Shares of NASDAQ CYBR traded up $1.83 during midday trading on Tuesday, hitting $237.47. The stock had a trading volume of 515,182 shares, compared to its average volume of 583,478. The company has a fifty day moving average price of $253.51 and a 200 day moving average price of $227.67. The company has a market capitalization of $10.04 billion, a price-to-earnings ratio of -371.05 and a beta of 1.06. CyberArk Software Ltd. has a 1-year low of $133.84 and a 1-year high of $283.00.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Thursday, February 8th. The technology company reported $0.19 earnings per share 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 net margin of 3.20% and a negative return on equity of 2.51%. On average, research analysts forecast that CyberArk Software Ltd. will post -1.46 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CYBR. Susquehanna boosted their price target on shares of CyberArk Software from $255.00 to $310.00 and gave the stock a “positive” rating in a research note on Friday, February 9th. UBS Group increased their target price on CyberArk Software from $215.00 to $260.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. KeyCorp raised their price target on CyberArk Software from $274.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, February 9th. DA Davidson dropped their price objective on CyberArk Software from $300.00 to $275.00 and set a “buy” rating on the stock in a report on Friday. Finally, Truist Financial raised their target price on CyberArk Software from $250.00 to $300.00 and gave the company a “buy” rating in a report on Friday, February 9th. Two investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $265.63.

CyberArk Software Company 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.