Castleark Management LLC Decreases Stock Position in CyberArk Software Ltd. $CYBR

Castleark Management LLC decreased its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 36.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,230 shares of the technology company’s stock after selling 9,190 shares during the quarter. Castleark Management LLC’s holdings in CyberArk Software were worth $6,604,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. First Trust Advisors LP increased its stake in shares of CyberArk Software by 9.1% during the second quarter. First Trust Advisors LP now owns 1,129,845 shares of the technology company’s stock worth $459,711,000 after buying an additional 94,318 shares during the period. Norges Bank purchased a new stake in shares of CyberArk Software in the 2nd quarter valued at approximately $444,613,000. Price T Rowe Associates Inc. MD raised its holdings in shares of CyberArk Software by 1,598.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 979,181 shares of the technology company’s stock valued at $330,964,000 after purchasing an additional 921,523 shares in the last quarter. Voya Investment Management LLC lifted its position in shares of CyberArk Software by 0.7% during the 1st quarter. Voya Investment Management LLC now owns 888,898 shares of the technology company’s stock worth $300,448,000 after purchasing an additional 6,314 shares during the last quarter. Finally, State Street Corp grew its stake in shares of CyberArk Software by 1.3% during the second quarter. State Street Corp now owns 817,272 shares of the technology company’s stock worth $332,532,000 after purchasing an additional 10,676 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on CYBR. Zacks Research raised CyberArk Software from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 19th. Weiss Ratings began coverage on CyberArk Software in a research note on Saturday, November 1st. They set a “sell (d-)” rating for the company. JMP Securities reiterated a “market perform” rating on shares of CyberArk Software in a research note on Tuesday, September 23rd. Jefferies Financial Group downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 30th. Finally, Citigroup downgraded shares of CyberArk Software from a “buy” rating to a “hold” rating and increased their target price for the company from $465.00 to $524.00 in a research report on Tuesday, November 4th. Seven investment analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $459.75.

CyberArk Software Trading Up 0.7%

NASDAQ CYBR opened at $462.86 on Friday. The firm’s fifty day moving average is $487.32 and its two-hundred day moving average is $444.74. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.14 and a current ratio of 2.14. The firm has a market cap of $23.37 billion, a PE ratio of -100.40, a P/E/G ratio of 24.91 and a beta of 0.99. CyberArk Software Ltd. has a one year low of $288.63 and a one year high of $526.19.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Thursday, November 6th. The technology company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.28. CyberArk Software had a negative return on equity of 0.07% and a negative net margin of 17.42%.The company had revenue of $342.84 million for the quarter, compared to the consensus estimate of $328.52 million. During the same period last year, the business posted $0.94 EPS. The company’s revenue was up 42.8% on a year-over-year basis. Analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

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.