Thoma Bravo L.P. Buys New Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

Thoma Bravo L.P. purchased a new position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,142,538 shares of the technology company's stock, valued at approximately $380,637,000. CyberArk Software comprises about 6.8% of Thoma Bravo L.P.'s investment portfolio, making the stock its 5th biggest holding. Thoma Bravo L.P. owned 2.62% of CyberArk Software as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of CYBR. TD Private Client Wealth LLC grew its holdings in shares of CyberArk Software by 79.1% in the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock worth $26,000 after acquiring an additional 34 shares during the period. CenterBook Partners LP boosted its holdings in shares of CyberArk Software by 2.4% in the fourth quarter. CenterBook Partners LP now owns 1,603 shares of the technology company's stock worth $534,000 after buying an additional 38 shares during the last quarter. Montag A & Associates Inc. grew its position in CyberArk Software by 47.2% during the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock valued at $44,000 after buying an additional 42 shares during the period. Venturi Wealth Management LLC increased its holdings in CyberArk Software by 6.9% during the fourth quarter. Venturi Wealth Management LLC now owns 805 shares of the technology company's stock valued at $268,000 after buying an additional 52 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in CyberArk Software by 1.4% during the fourth quarter. Daiwa Securities Group Inc. now owns 3,827 shares of the technology company's stock valued at $1,275,000 after buying an additional 53 shares during the last quarter. Institutional investors own 91.84% of the company's stock.

CyberArk Software Price Performance

Shares of CYBR traded up $3.81 during mid-day trading on Friday, reaching $377.62. 421,076 shares of the company's stock traded hands, compared to its average volume of 545,542. The stock's 50-day moving average is $344.87 and its two-hundred day moving average is $342.73. CyberArk Software Ltd. has a 12 month low of $223.41 and a 12 month high of $421.00. The stock has a market cap of $18.66 billion, a P/E ratio of -193.67 and a beta of 0.99.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its earnings results on Tuesday, May 13th. The technology company reported $0.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.19. The firm had revenue of $317.60 million during the quarter, compared to analyst estimates of $305.57 million. CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. The business's revenue was up 43.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.75 earnings per share. Research analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CYBR shares. Stephens initiated coverage on shares of CyberArk Software in a research report on Tuesday, April 1st. They set an "overweight" rating and a $440.00 price objective for the company. DA Davidson lifted their target price on CyberArk Software from $415.00 to $435.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Rosenblatt Securities reissued a "buy" rating and set a $445.00 price target on shares of CyberArk Software in a report on Tuesday, May 13th. JMP Securities raised their price objective on CyberArk Software from $390.00 to $480.00 and gave the stock a "market outperform" rating in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. lifted their price objective on CyberArk Software from $375.00 to $431.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Two research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $415.71.

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.