Balyasny Asset Management L.P. Has $50.55 Million Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

Balyasny Asset Management L.P. boosted its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 60.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,720 shares of the technology company's stock after buying an additional 56,937 shares during the period. Balyasny Asset Management L.P. owned about 0.35% of CyberArk Software worth $50,546,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new stake in CyberArk Software in the third quarter valued at about $144,000. Nordea Investment Management AB grew its stake in shares of CyberArk Software by 7.9% in the 4th quarter. Nordea Investment Management AB now owns 3,024 shares of the technology company's stock valued at $993,000 after purchasing an additional 221 shares during the period. Silverleafe Capital Partners LLC acquired a new position in shares of CyberArk Software in the 4th quarter worth approximately $799,000. Capital Market Strategies LLC bought a new position in shares of CyberArk Software during the 4th quarter worth approximately $827,000. Finally, Fulton Bank N.A. boosted its stake in CyberArk Software by 4.7% in the 4th quarter. Fulton Bank N.A. now owns 1,994 shares of the technology company's stock valued at $664,000 after buying an additional 90 shares in the last quarter. Institutional investors own 91.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CYBR. Morgan Stanley lowered their target price on shares of CyberArk Software from $390.00 to $380.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $400.00 price target on shares of CyberArk Software in a report on Thursday, April 24th. Royal Bank of Canada restated an "outperform" rating and set a $420.00 target price on shares of CyberArk Software in a report on Friday, April 11th. Scotiabank lifted their price target on CyberArk Software from $340.00 to $400.00 and gave the company a "sector outperform" rating in a report on Tuesday, January 21st. Finally, Citigroup increased their price objective on shares of CyberArk Software from $410.00 to $450.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. Two equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $415.18.

CyberArk Software Trading Up 2.1 %

CYBR stock opened at $364.63 on Tuesday. CyberArk Software Ltd. has a 1-year low of $223.41 and a 1-year high of $421.00. The business's 50-day moving average price is $340.40 and its two-hundred day moving average price is $336.91. The firm has a market cap of $18.02 billion, a PE ratio of -186.99 and a beta of 0.99.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. On average, analysts forecast 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.

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