Engineers Gate Manager LP trimmed its holdings in shares of CyberArk (NASDAQ:CYBR) by 9.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,747 shares of the technology company’s stock after selling 4,978 shares during the quarter. Engineers Gate Manager LP owned approximately 0.13% of CyberArk worth $2,385,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in CYBR. Eagle Global Advisors LLC lifted its holdings in CyberArk by 11.8% during the first quarter. Eagle Global Advisors LLC now owns 19,000 shares of the technology company’s stock valued at $969,000 after purchasing an additional 2,000 shares in the last quarter. Swiss National Bank lifted its holdings in CyberArk by 4.2% during the first quarter. Swiss National Bank now owns 57,500 shares of the technology company’s stock valued at $2,934,000 after purchasing an additional 2,300 shares in the last quarter. Granite Investment Partners LLC lifted its holdings in CyberArk by 63.5% during the first quarter. Granite Investment Partners LLC now owns 37,433 shares of the technology company’s stock valued at $1,910,000 after purchasing an additional 14,540 shares in the last quarter. Wrapmanager Inc. purchased a new position in CyberArk during the first quarter valued at approximately $387,000. Finally, Insight 2811 Inc. purchased a new position in CyberArk during the first quarter valued at approximately $213,000. Institutional investors own 74.22% of the company’s stock.
Several equities analysts have weighed in on the stock. BidaskClub downgraded shares of CyberArk from a “strong-buy” rating to a “buy” rating in a report on Monday. ValuEngine raised shares of CyberArk from a “hold” rating to a “buy” rating in a report on Wednesday, May 9th. Barclays reissued a “hold” rating and issued a $61.00 target price on shares of CyberArk in a report on Sunday, May 6th. Bank of America boosted their target price on shares of CyberArk from $60.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, May 4th. Finally, Morgan Stanley boosted their target price on shares of CyberArk from $48.00 to $56.00 and gave the stock an “equal weight” rating in a report on Friday, May 4th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. CyberArk has an average rating of “Buy” and an average price target of $57.53.
CyberArk opened at $58.97 on Thursday, MarketBeat Ratings reports. The firm has a market cap of $2.10 billion, a P/E ratio of 82.94, a price-to-earnings-growth ratio of 4.91 and a beta of 2.03. CyberArk has a 52-week low of $58.69 and a 52-week high of $58.96.
CyberArk (NASDAQ:CYBR) last released its quarterly earnings results on Thursday, May 3rd. The technology company reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.11. The company had revenue of $71.80 million for the quarter, compared to the consensus estimate of $69.32 million. CyberArk had a net margin of 5.43% and a return on equity of 7.28%. CyberArk’s revenue was up 21.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.28 earnings per share. equities analysts forecast that CyberArk will post 0.63 EPS for the current year.
CyberArk Software Ltd. develops, markets, and sells software-based security solutions that protect organizations from cyber attacks in the United States and internationally. The company offers privileged account security solution to secure, manage, and monitor account access and activities. Its privileged account security solution consists of Enterprise Password Vault that prevents user passwords and SSH keys; Privileged Session Manager that protects windows based systems, databases, virtual machines, network devices, Web sites, and SaaS applications; and Privileged Threat Analytics that enables to detect, alert, and respond to anomalous privileged activity.
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