CyberArk Software Ltd. (NASDAQ:CYBR) Shares Acquired by First Dallas Securities Inc.

First Dallas Securities Inc. lifted its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 3.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,600 shares of the technology company’s stock after purchasing an additional 50 shares during the quarter. First Dallas Securities Inc.’s holdings in CyberArk Software were worth $425,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of CYBR. Jennison Associates LLC lifted its position in CyberArk Software by 81.4% during the 4th quarter. Jennison Associates LLC now owns 1,053,964 shares of the technology company’s stock worth $230,871,000 after acquiring an additional 472,961 shares during the period. Polar Capital Holdings Plc lifted its position in CyberArk Software by 15.4% during the 3rd quarter. Polar Capital Holdings Plc now owns 594,809 shares of the technology company’s stock worth $97,412,000 after acquiring an additional 79,506 shares in the last quarter. Norges Bank purchased a new position in shares of CyberArk Software in the fourth quarter valued at $100,797,000. Global Assets Advisory LLC acquired a new stake in CyberArk Software during the 1st quarter valued at $67,736,000. Finally, Contour Asset Management LLC purchased a new stake in CyberArk Software during the 4th quarter worth $48,605,000. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Price Performance

Shares of NASDAQ CYBR traded up $3.02 during midday trading on Friday, hitting $273.42. The stock had a trading volume of 499,116 shares, compared to its average volume of 559,943. The firm has a market cap of $11.55 billion, a P/E ratio of -427.22 and a beta of 1.08. CyberArk Software Ltd. has a fifty-two week low of $142.92 and a fifty-two week high of $283.00. The company’s 50-day simple moving average is $243.93 and its 200 day simple moving average is $243.21.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Thursday, May 2nd. The technology company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of ($0.51) by $0.67. CyberArk Software had a negative return on equity of 2.51% and a negative net margin of 3.20%. The firm had revenue of $221.55 million during the quarter, compared to analyst estimates of $213.42 million. Equities analysts expect that CyberArk Software Ltd. will post -1.24 EPS for the current fiscal year.

Analyst Ratings Changes

CYBR has been the subject of a number of analyst reports. Wedbush reissued an “outperform” rating and issued a $285.00 price target on shares of CyberArk Software in a report on Friday, May 3rd. JMP Securities reissued a “market outperform” rating and set a $310.00 price objective on shares of CyberArk Software in a research note on Monday, June 17th. BTIG Research began coverage on CyberArk Software in a report on Thursday, March 28th. They set a “buy” rating and a $317.00 price target on the stock. Bank of America reaffirmed a “buy” rating and issued a $315.00 target price on shares of CyberArk Software in a research report on Wednesday, April 24th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $300.00 price target on shares of CyberArk Software in a research note on Friday, June 21st. Two research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $275.00.

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.