Kornitzer Capital Management Inc. KS Sells 24,115 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Kornitzer Capital Management Inc. KS lowered its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 48.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,075 shares of the technology company's stock after selling 24,115 shares during the period. Kornitzer Capital Management Inc. KS owned about 0.05% of CyberArk Software worth $8,813,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in CYBR. Bessemer Group Inc. increased its holdings 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 purchasing an additional 80 shares in the last quarter. Golden State Wealth Management LLC increased its position in shares of CyberArk Software by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock valued at $26,000 after acquiring an additional 39 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of CyberArk Software by 17.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,868 shares of the technology company's stock valued at $627,000 after buying an additional 280 shares during the last quarter. Blue Trust Inc. increased its holdings in CyberArk Software by 5.9% during the first quarter. Blue Trust Inc. now owns 1,099 shares of the technology company's stock worth $371,000 after buying an additional 61 shares during the last quarter. Finally, Yousif Capital Management LLC raised its position in CyberArk Software by 9.1% during the first quarter. Yousif Capital Management LLC now owns 2,235 shares of the technology company's stock worth $755,000 after acquiring an additional 187 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company's stock.

CyberArk Software Stock Up 1.6%

CyberArk Software stock traded up $6.00 during trading hours on Friday, hitting $389.48. The stock had a trading volume of 300,783 shares, compared to its average volume of 576,097. The business's 50 day simple moving average is $383.71 and its 200-day simple moving average is $363.30. CyberArk Software Ltd. has a one year low of $230.00 and a one year high of $421.00. The stock has a market cap of $19.25 billion, a price-to-earnings ratio of -209.11 and a beta of 1.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its earnings results on Tuesday, May 13th. The technology company reported $0.98 EPS for the quarter, beating 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 for the quarter, compared to analysts' expectations of $305.57 million. During the same period in the prior year, the business posted $0.75 earnings per share. The firm's revenue was up 43.3% on a year-over-year basis. Research analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Robert W. Baird lifted 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. Rosenblatt Securities reissued a "buy" rating and issued a $445.00 price target on shares of CyberArk Software in a report on Tuesday, May 13th. Cantor Fitzgerald restated an "overweight" rating and set a $400.00 price objective on shares of CyberArk Software in a report on Tuesday, May 13th. Roth Capital assumed coverage on CyberArk Software in a research note on Tuesday, May 13th. They issued a "buy" rating and a $415.00 price target for the company. Finally, Needham & Company LLC reiterated a "buy" rating and set a $480.00 price objective on shares of CyberArk Software in a research report on Thursday, March 20th. Two investment 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 company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $418.04.

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.