CyberArk Software Ltd. (NASDAQ:CYBR) Holdings Raised by Portside Wealth Group LLC

Portside Wealth Group LLC grew its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 69.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,084 shares of the technology company's stock after acquiring an additional 857 shares during the quarter. Portside Wealth Group LLC's holdings in CyberArk Software were worth $704,000 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 lifted its holdings in CyberArk Software by 79.1% in the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock valued at $26,000 after acquiring an additional 34 shares during the period. Whipplewood Advisors LLC lifted its holdings in CyberArk Software by 135.3% in the first quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock valued at $27,000 after acquiring an additional 46 shares during the period. Plato Investment Management Ltd acquired a new stake in CyberArk Software in the fourth quarter valued at $39,000. Graney & King LLC acquired a new stake in CyberArk Software in the fourth quarter valued at $43,000. Finally, Montag A & Associates Inc. lifted its holdings in CyberArk Software by 47.2% in the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock valued at $44,000 after acquiring an additional 42 shares during the period. 91.84% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Trading Down 1.4%

CYBR stock traded down $5.43 during midday trading on Friday, hitting $386.69. 385,659 shares of the company's stock were exchanged, compared to its average volume of 553,991. CyberArk Software Ltd. has a 12-month low of $230.00 and a 12-month high of $421.00. The firm has a 50 day moving average price of $359.84 and a 200-day moving average price of $351.54. The stock has a market capitalization of $19.11 billion, a price-to-earnings ratio of -198.30 and a beta of 0.99.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings data 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 0.45% and a negative net margin of 9.34%. The company had revenue of $317.60 million for the quarter, compared to the consensus estimate of $305.57 million. During the same period in the previous year, the business earned $0.75 EPS. CyberArk Software's revenue for the quarter was up 43.3% compared to the same quarter last year. On average, sell-side analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Analysts Set New Price Targets

CYBR has been the subject of a number of research analyst reports. KeyCorp dropped their price target on CyberArk Software from $485.00 to $425.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Canaccord Genuity Group raised their price target on CyberArk Software from $330.00 to $440.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Barclays restated an "overweight" rating on shares of CyberArk Software in a research report on Tuesday, May 13th. Royal Bank of Canada restated an "outperform" rating and issued a $420.00 price target on shares of CyberArk Software in a research report on Tuesday, May 13th. Finally, Guggenheim restated a "buy" rating and issued a $455.00 price target on shares of CyberArk Software in a research report on Tuesday, February 25th. Two 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 MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $416.79.

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.