Highview Capital Management LLC DE Acquires Shares of 4,828 CyberArk Software Ltd. (NASDAQ:CYBR)

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

A number of other hedge funds have also recently bought and sold shares of the company. Bessemer Group Inc. raised its stake in shares of 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 purchasing an additional 80 shares during the period. Golden State Wealth Management LLC raised its stake in shares of CyberArk Software by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock worth $26,000 after purchasing an additional 39 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of CyberArk Software by 17.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,868 shares of the technology company's stock worth $627,000 after purchasing an additional 280 shares during the period. Blue Trust Inc. raised its stake in shares of CyberArk Software by 5.9% during the 1st quarter. Blue Trust Inc. now owns 1,099 shares of the technology company's stock worth $371,000 after purchasing an additional 61 shares during the period. Finally, Yousif Capital Management LLC raised its stake in shares of CyberArk Software by 9.1% during the 1st quarter. Yousif Capital Management LLC now owns 2,235 shares of the technology company's stock worth $755,000 after purchasing an additional 187 shares during the period. 91.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CYBR has been the topic of a number of research reports. Robert W. Baird boosted their price objective on CyberArk Software from $450.00 to $460.00 and gave the company an "outperform" rating in a research note on Wednesday, May 14th. Barclays restated an "overweight" rating on shares of CyberArk Software in a research note on Tuesday, May 13th. Cantor Fitzgerald restated an "overweight" rating and issued a $400.00 price objective on shares of CyberArk Software in a research note on Tuesday, May 13th. Morgan Stanley restated an "equal weight" rating on shares of CyberArk Software in a research note on Tuesday, May 13th. Finally, Stephens initiated coverage on CyberArk Software in a research note on Tuesday, April 1st. They issued an "overweight" rating and a $440.00 price objective on the stock. Two equities 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $416.79.

CyberArk Software Trading Down 0.6%

Shares of NASDAQ CYBR traded down $2.38 during midday trading on Friday, hitting $374.01. 370,654 shares of the company's stock were exchanged, compared to its average volume of 571,333. CyberArk Software Ltd. has a 12-month low of $230.00 and a 12-month high of $421.00. The company has a market cap of $18.49 billion, a price-to-earnings ratio of -200.73 and a beta of 1.00. The business's fifty day moving average price is $382.03 and its two-hundred day moving average price is $361.39.

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, topping the consensus estimate of $0.79 by $0.19. The business had revenue of $317.60 million during the quarter, compared to analyst estimates of $305.57 million. CyberArk Software had a positive return on equity of 0.71% and a negative net margin of 7.97%. CyberArk Software's revenue for the quarter was up 43.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.75 earnings per share. Equities analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

About CyberArk Software

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.