K.J. Harrison & Partners Inc Takes $676,000 Position in CyberArk Software Ltd. (NASDAQ:CYBR)

K.J. Harrison & Partners Inc bought a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,000 shares of the technology company's stock, valued at approximately $676,000.

A number of other large investors have also added to or reduced their stakes in CYBR. Thoma Bravo L.P. bought a new position in shares of CyberArk Software in the fourth quarter valued at about $380,637,000. First Trust Advisors LP lifted its position in CyberArk Software by 2.3% during the fourth quarter. First Trust Advisors LP now owns 939,768 shares of the technology company's stock worth $313,084,000 after acquiring an additional 20,832 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in CyberArk Software by 8.4% during the fourth quarter. Pictet Asset Management Holding SA now owns 878,435 shares of the technology company's stock worth $292,651,000 after acquiring an additional 68,359 shares during the last quarter. Norges Bank bought a new stake in shares of CyberArk Software during the fourth quarter worth approximately $203,375,000. Finally, Driehaus Capital Management LLC lifted its holdings in CyberArk Software by 31.5% during the 4th quarter. Driehaus Capital Management LLC now owns 478,096 shares of the technology company's stock worth $159,278,000 after purchasing an additional 114,622 shares during the last quarter. Institutional investors own 91.84% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Roth Capital started coverage on CyberArk Software in a report on Tuesday, May 13th. They set a "buy" rating and a $415.00 target price for the company. Cantor Fitzgerald reiterated an "overweight" rating and issued a $400.00 price target on shares of CyberArk Software in a research note on Tuesday, May 13th. Stephens assumed coverage on CyberArk Software in a research note on Tuesday, April 1st. They set an "overweight" rating and a $440.00 price objective on the stock. Needham & Company LLC restated a "buy" rating and issued a $480.00 price target on shares of CyberArk Software in a research report on Thursday, March 20th. Finally, DA Davidson upped their price objective on shares of CyberArk Software from $435.00 to $465.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. Two research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $416.79.

CyberArk Software Stock Performance

Shares of CyberArk Software stock traded down $3.81 on Wednesday, reaching $387.92. 425,478 shares of the company's stock were exchanged, compared to its average volume of 559,579. The company has a market capitalization of $19.17 billion, a P/E ratio of -208.56 and a beta of 1.00. CyberArk Software Ltd. has a 52 week low of $230.00 and a 52 week high of $421.00. The firm's 50-day moving average is $375.89 and its two-hundred day moving average is $358.27.

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