Picton Mahoney Asset Management Purchases 2,547 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Picton Mahoney Asset Management grew its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,441 shares of the technology company’s stock after buying an additional 2,547 shares during the period. CyberArk Software makes up 0.5% of Picton Mahoney Asset Management’s holdings, making the stock its 21st biggest position. Picton Mahoney Asset Management’s holdings in CyberArk Software were worth $19,810,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Desjardins Global Asset Management Inc. grew 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 worth $62,000 after buying an additional 51 shares in the last quarter. Signaturefd LLC increased its position in shares of CyberArk Software by 6.6% in the fourth quarter. Signaturefd LLC now owns 868 shares of the technology company’s stock worth $190,000 after purchasing an additional 54 shares during the period. HighTower Advisors LLC raised its stake in CyberArk Software by 1.1% in the third quarter. HighTower Advisors LLC now owns 5,476 shares of the technology company’s stock valued at $894,000 after purchasing an additional 60 shares in the last quarter. Wealth Alliance lifted its position in CyberArk Software by 2.6% during the fourth quarter. Wealth Alliance now owns 2,399 shares of the technology company’s stock worth $526,000 after purchasing an additional 60 shares during the period. Finally, Regal Investment Advisors LLC grew its stake in CyberArk Software by 1.6% during the third quarter. Regal Investment Advisors LLC now owns 3,911 shares of the technology company’s stock worth $641,000 after buying an additional 61 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Price Performance

Shares of CyberArk Software stock traded up $1.83 during trading on Tuesday, hitting $237.47. The company’s stock had a trading volume of 515,182 shares, compared to its average volume of 583,478. The stock has a market cap of $10.04 billion, a price-to-earnings ratio of -371.05 and a beta of 1.06. CyberArk Software Ltd. has a 52 week low of $133.84 and a 52 week high of $283.00. The stock has a 50-day moving average price of $253.51 and a two-hundred day moving average price of $227.67.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results on Thursday, February 8th. The technology company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.53. The firm had revenue of $223.10 million for the quarter, compared to analyst estimates of $209.65 million. CyberArk Software had a negative return on equity of 2.51% and a negative net margin of 3.20%. On average, equities analysts predict that CyberArk Software Ltd. will post -1.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CYBR. Morgan Stanley cut shares of CyberArk Software from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $195.00 to $240.00 in a research report on Tuesday, January 9th. Rosenblatt Securities restated a “buy” rating and set a $310.00 target price on shares of CyberArk Software in a research note on Wednesday, May 1st. Needham & Company LLC reiterated a “buy” rating and issued a $310.00 price target on shares of CyberArk Software in a research note on Friday. Susquehanna boosted their price target on CyberArk Software from $255.00 to $310.00 and gave the stock a “positive” rating in a report on Friday, February 9th. Finally, Citigroup raised their price objective on CyberArk Software from $215.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Two equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat, CyberArk Software presently has an average rating of “Moderate Buy” and an average 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.