CyberArk Software Ltd. (NASDAQ:CYBR) is GW&K Investment Management LLC's 8th Largest Position

GW&K Investment Management LLC lessened its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 30.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 314,270 shares of the technology company's stock after selling 137,417 shares during the period. CyberArk Software accounts for approximately 1.0% of GW&K Investment Management LLC's investment portfolio, making the stock its 8th biggest position. GW&K Investment Management LLC owned approximately 0.64% of CyberArk Software worth $106,223,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of CYBR. TD Private Client Wealth LLC increased its holdings in shares of CyberArk Software by 79.1% during the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock worth $26,000 after buying an additional 34 shares during the last quarter. Golden State Wealth Management LLC raised its holdings 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 purchasing an additional 39 shares in the last quarter. Whipplewood Advisors LLC raised its holdings in shares of CyberArk Software by 135.3% in the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock valued at $27,000 after purchasing an additional 46 shares in the last quarter. Bessemer Group Inc. raised its stake in CyberArk Software by 421.1% during the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock worth $33,000 after acquiring an additional 80 shares in the last quarter. Finally, Morse Asset Management Inc acquired a new stake in CyberArk Software during the 1st quarter worth $34,000. Institutional investors and hedge funds own 91.84% of the company's stock.

CyberArk Software Stock Down 1.2%

Shares of CYBR stock traded down $4.49 during mid-day trading on Tuesday, reaching $381.56. 353,491 shares of the stock traded hands, compared to its average volume of 576,342. The stock's fifty day simple moving average is $384.99 and its two-hundred day simple moving average is $364.85. The company has a market cap of $18.86 billion, a price-to-earnings ratio of -205.14 and a beta of 1.00. 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 the consensus estimate of $0.79 by $0.19. CyberArk Software had a positive return on equity of 0.71% and a negative net margin of 7.97%. The business had revenue of $317.60 million during the quarter, compared to the consensus estimate of $305.57 million. During the same quarter in the prior year, the company posted $0.75 earnings per share. CyberArk Software's revenue was up 43.3% compared to the same quarter last year. On average, equities research analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CYBR. Rosenblatt Securities reaffirmed a "buy" rating and issued a $445.00 target price on shares of CyberArk Software in a report on Tuesday, May 13th. Robert W. Baird boosted their price objective on shares of CyberArk Software from $450.00 to $460.00 and gave the company an "outperform" rating in a research report on Wednesday, May 14th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $420.00 price target on shares of CyberArk Software in a research report on Tuesday, May 13th. Cantor Fitzgerald reiterated an "overweight" rating and set a $420.00 price objective on shares of CyberArk Software in a research note on Tuesday. Finally, Roth Capital started coverage on shares of CyberArk Software in a research note on Tuesday, May 13th. They set a "buy" rating and a $415.00 price objective on the stock. Two research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $418.75.

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.