4,828 Shares in CyberArk Software Ltd. (NASDAQ:CYBR) Acquired by Highview Capital Management LLC DE

Highview Capital Management LLC DE acquired a new stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,828 shares of the technology company's stock, valued at approximately $1,632,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Thoma Bravo L.P. bought a new position in shares of CyberArk Software during the fourth quarter valued at approximately $380,637,000. First Trust Advisors LP grew its holdings in CyberArk Software by 2.3% in the 4th quarter. First Trust Advisors LP now owns 939,768 shares of the technology company's stock worth $313,084,000 after buying an additional 20,832 shares in the last quarter. Pictet Asset Management Holding SA grew its holdings in CyberArk Software by 8.4% in the 4th quarter. Pictet Asset Management Holding SA now owns 878,435 shares of the technology company's stock worth $292,651,000 after buying an additional 68,359 shares in the last quarter. Norges Bank bought a new position in CyberArk Software in the 4th quarter worth approximately $203,375,000. Finally, Driehaus Capital Management LLC grew its holdings in CyberArk Software by 31.5% in the 4th quarter. Driehaus Capital Management LLC now owns 478,096 shares of the technology company's stock worth $159,278,000 after buying an additional 114,622 shares in the last quarter. 91.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CYBR shares. Stephens started coverage on CyberArk Software in a report on Tuesday, April 1st. They issued an "overweight" rating and a $440.00 price objective for the company. Barclays reiterated an "overweight" rating on shares of CyberArk Software in a research report on Tuesday, May 13th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $400.00 target price on shares of CyberArk Software in a research report on Tuesday, May 13th. Robert W. Baird raised their target price on CyberArk Software from $450.00 to $460.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 14th. Finally, Roth Capital initiated coverage on CyberArk Software in a report on Tuesday, May 13th. They set a "buy" rating and a $415.00 price objective for the company. Two equities research 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. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $416.79.

CyberArk Software Stock Performance

Shares of NASDAQ:CYBR traded up $10.13 during midday trading on Wednesday, hitting $405.31. The company's stock had a trading volume of 764,802 shares, compared to its average volume of 565,124. CyberArk Software Ltd. has a fifty-two week low of $230.00 and a fifty-two week high of $421.00. The stock has a market capitalization of $20.03 billion, a price-to-earnings ratio of -217.91 and a beta of 1.00. The stock's 50 day simple moving average is $380.97 and its 200 day simple moving average is $361.08.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its earnings results on Tuesday, May 13th. The technology company reported $0.98 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $305.57 million. During the same period last year, the business earned $0.75 earnings per share. The firm's revenue for the quarter was up 43.3% compared to the same quarter last year. As a group, analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current year.

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.