Chicago Capital LLC Raises Holdings in CyberArk Software Ltd. $CYBR

Chicago Capital LLC grew its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 3.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,894 shares of the technology company’s stock after acquiring an additional 125 shares during the quarter. Chicago Capital LLC’s holdings in CyberArk Software were worth $1,584,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CYBR. Bessemer Group Inc. raised its holdings in shares of CyberArk Software by 421.1% in the first quarter. Bessemer Group Inc. now owns 99 shares of the technology company’s stock worth $33,000 after buying an additional 80 shares during the last quarter. Golden State Wealth Management LLC increased its position in shares of CyberArk Software by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company’s stock valued at $26,000 after acquiring an additional 39 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in CyberArk Software by 17.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,868 shares of the technology company’s stock worth $627,000 after acquiring an additional 280 shares during the last quarter. Blue Trust Inc. lifted its position in CyberArk Software by 5.9% during the 1st quarter. Blue Trust Inc. now owns 1,099 shares of the technology company’s stock worth $371,000 after acquiring an additional 61 shares during the period. Finally, Yousif Capital Management LLC grew its stake in CyberArk Software by 9.1% during the 1st quarter. Yousif Capital Management LLC now owns 2,235 shares of the technology company’s stock valued at $755,000 after purchasing an additional 187 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CYBR. Barclays raised their price objective on CyberArk Software from $405.00 to $440.00 and gave the stock an “overweight” rating in a research note on Monday, July 14th. Citizens Jmp lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Wedbush restated a “neutral” rating and set a $450.00 price objective on shares of CyberArk Software in a research note on Thursday, July 31st. Needham & Company LLC increased their price objective on shares of CyberArk Software from $460.00 to $551.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $444.00 target price on shares of CyberArk Software in a report on Thursday, July 31st. Twelve equities research analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the company. According to data from MarketBeat, CyberArk Software has an average rating of “Hold” and a consensus price target of $439.00.

CyberArk Software Stock Performance

CYBR opened at $483.15 on Wednesday. The firm has a fifty day moving average price of $442.58 and a 200 day moving average price of $392.30. CyberArk Software Ltd. has a 1 year low of $269.00 and a 1 year high of $493.85. The stock has a market cap of $24.39 billion, a P/E ratio of -143.37 and a beta of 1.03. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.31 and a quick ratio of 2.31.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.79 by $0.09. The company had revenue of $328.03 million for the quarter, compared to analyst estimates of $315.43 million. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. The firm’s revenue was up 46.0% on a year-over-year basis. During the same quarter last year, the business earned $0.54 earnings per share. Equities research analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

CyberArk Software 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.