QRG Capital Management Inc. Makes New Investment in CyberArk Software Ltd. (NASDAQ:CYBR)

QRG Capital Management Inc. acquired a new stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 670 shares of the technology company's stock, valued at approximately $226,000.

Several other institutional investors also recently modified their holdings of the business. 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 bought a new position in CyberArk Software in the fourth quarter valued at about $39,000. Graney & King LLC bought a new position in CyberArk Software in the fourth quarter valued at about $43,000. Finally, Coppell Advisory Solutions LLC lifted its holdings in CyberArk Software by 325.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 149 shares of the technology company's stock valued at $48,000 after acquiring an additional 114 shares during the period. 91.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CYBR. Rosenblatt Securities reissued a "buy" rating and issued a $445.00 target price on shares of CyberArk Software in a report on Tuesday, May 13th. Guggenheim reissued a "buy" rating and issued a $455.00 target price on shares of CyberArk Software in a report on Tuesday, February 25th. KeyCorp lowered their target price on CyberArk Software from $485.00 to $425.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Robert W. Baird raised their price objective on CyberArk Software from $450.00 to $460.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 14th. Finally, Morgan Stanley reaffirmed an "equal weight" rating on shares of CyberArk Software in a research note on Tuesday, May 13th. Two analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $416.79.

CyberArk Software Trading Up 0.6%

CYBR traded up $2.31 on Wednesday, hitting $399.44. 586,245 shares of the company's stock traded hands, compared to its average volume of 560,069. The company's 50 day simple moving average is $368.25 and its 200-day simple moving average is $355.43. The firm has a market cap of $19.74 billion, a price-to-earnings ratio of -214.75 and a beta of 0.99. CyberArk Software Ltd. has a one year low of $230.00 and a one year high of $421.00.

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, beating the consensus estimate of $0.79 by $0.19. The company had revenue of $317.60 million for the quarter, compared to the consensus estimate of $305.57 million. CyberArk Software had a positive return on equity of 0.71% and a negative net margin of 7.97%. The firm's quarterly revenue was up 43.3% on a year-over-year basis. During the same quarter last year, the company earned $0.75 EPS. As a group, equities analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS 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.