Autumn Glory Partners LLC Buys New Shares in CyberArk Software Ltd. (NASDAQ:CYBR)

Autumn Glory Partners LLC bought a new stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,300 shares of the technology company's stock, valued at approximately $439,000.

Other hedge funds have also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. increased its position in shares of CyberArk Software by 16.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,274 shares of the technology company's stock valued at $1,091,000 after acquiring an additional 471 shares during the period. Raymond James Financial Inc. acquired a new position in shares of CyberArk Software in the 4th quarter valued at $18,106,000. Balyasny Asset Management L.P. increased its position in shares of CyberArk Software by 60.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 151,720 shares of the technology company's stock valued at $50,546,000 after acquiring an additional 56,937 shares during the period. Steward Partners Investment Advisory LLC increased its position in shares of CyberArk Software by 54.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 198 shares of the technology company's stock valued at $66,000 after acquiring an additional 70 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of CyberArk Software by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 74,029 shares of the technology company's stock valued at $24,663,000 after acquiring an additional 662 shares during the period. 91.84% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Price Performance

Shares of NASDAQ CYBR opened at $388.47 on Thursday. The company has a 50 day simple moving average of $364.32 and a 200-day simple moving average of $353.37. The company has a market capitalization of $19.20 billion, a P/E ratio of -208.85 and a beta of 0.99. CyberArk Software Ltd. has a 1 year low of $230.00 and a 1 year high of $421.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The technology company reported $0.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.19. The business had revenue of $317.60 million during the quarter, compared to the consensus estimate of $305.57 million. CyberArk Software had a negative net margin of 7.97% and a positive return on equity of 0.71%. The business's revenue was up 43.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.75 EPS. As a group, research analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Analysts Set New Price Targets

CYBR has been the topic of several analyst reports. Robert W. Baird increased their price target on CyberArk Software from $450.00 to $460.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 14th. Roth Capital initiated coverage on CyberArk Software in a research report on Tuesday, May 13th. They set a "buy" rating and a $415.00 price target on the stock. Guggenheim reaffirmed a "buy" rating and set a $455.00 price target on shares of CyberArk Software in a research report on Tuesday, February 25th. KeyCorp cut their price target on CyberArk Software from $485.00 to $425.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Finally, DA Davidson increased their price target on CyberArk Software from $435.00 to $465.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. Two investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $416.79.

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.

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