Torray Investment Partners LLC Makes New $203,000 Investment in CyberArk Software Ltd. (NASDAQ:CYBR)

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Torray Investment Partners LLC purchased a new position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 600 shares of the technology company's stock, valued at approximately $203,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC lifted its stake in shares of CyberArk Software by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock valued at $26,000 after purchasing an additional 39 shares during the period. Whipplewood Advisors LLC grew its holdings in CyberArk Software by 135.3% during the first quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock worth $27,000 after purchasing an additional 46 shares during the period. Bessemer Group Inc. boosted its holdings in shares of CyberArk Software by 421.1% during the first quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock worth $33,000 after acquiring an additional 80 shares during the period. Morse Asset Management Inc bought a new stake in shares of CyberArk Software during the first quarter worth approximately $34,000. Finally, Whittier Trust Co. of Nevada Inc. raised its position in shares of CyberArk Software by 340.0% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 110 shares of the technology company's stock valued at $37,000 after buying an additional 85 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on CYBR shares. Royal Bank Of Canada restated a "sector perform" rating and set a $448.00 price objective (up from $420.00) on shares of CyberArk Software in a research report on Thursday. Rosenblatt Securities reissued a "neutral" rating and set a $445.00 target price on shares of CyberArk Software in a research report on Friday. Robert W. Baird restated a "neutral" rating and set a $460.00 price objective on shares of CyberArk Software in a research report on Friday. Wolfe Research restated a "peer perform" rating on shares of CyberArk Software in a research report on Friday. Finally, Stifel Nicolaus reissued a "hold" rating and set a $444.00 price objective on shares of CyberArk Software in a research note on Thursday. Seventeen analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, CyberArk Software currently has a consensus rating of "Hold" and an average price target of $433.39.

CyberArk Software Trading Up 0.6%

CYBR traded up $2.53 during midday trading on Friday, hitting $414.00. 3,227,349 shares of the company were exchanged, compared to its average volume of 2,003,482. The firm has a market capitalization of $20.46 billion, a P/E ratio of -122.85 and a beta of 0.96. CyberArk Software Ltd. has a 1-year low of $230.00 and a 1-year high of $452.00. The firm's 50 day moving average price is $391.99 and its 200-day moving average price is $368.01. The company has a quick ratio of 1.29, a current ratio of 2.31 and a debt-to-equity ratio of 0.53.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its earnings results on Wednesday, July 30th. The technology company reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.09. The business had revenue of $328.03 million during the quarter, compared to analyst estimates of $315.43 million. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%. The firm's revenue was up 46.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 EPS. As a group, equities analysts forecast 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.