Pinnbrook Capital Management LP Acquires New Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Pinnbrook Capital Management LP purchased a new position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,092 shares of the technology company's stock, valued at approximately $1,992,000.

Other institutional investors have also added to or reduced their stakes in the company. 1832 Asset Management L.P. acquired a new stake in CyberArk Software in the fourth quarter worth about $33,000. FinTrust Capital Advisors LLC acquired a new stake in shares of CyberArk Software during the fourth quarter worth about $34,000. Assetmark Inc. lifted its holdings in shares of CyberArk Software by 62.1% during the third quarter. Assetmark Inc. now owns 248 shares of the technology company's stock worth $41,000 after purchasing an additional 95 shares during the period. UniSuper Management Pty Ltd acquired a new stake in shares of CyberArk Software during the second quarter worth about $47,000. Finally, Desjardins Global Asset Management Inc. lifted its holdings in shares of CyberArk Software by 22.1% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 282 shares of the technology company's stock worth $62,000 after purchasing an additional 51 shares during the period. Institutional investors and hedge funds own 91.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Morgan Stanley downgraded CyberArk Software from an "overweight" rating to an "equal weight" rating and lifted their target price for the stock from $195.00 to $240.00 in a report on Tuesday, January 9th. Susquehanna lifted their target price on CyberArk Software from $255.00 to $310.00 and gave the stock a "positive" rating in a report on Friday, February 9th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $300.00 target price on shares of CyberArk Software in a report on Thursday, February 29th. Mizuho lifted their price target on CyberArk Software from $250.00 to $310.00 and gave the company a "buy" rating in a research report on Friday, February 9th. Finally, Oppenheimer lifted their price target on CyberArk Software from $195.00 to $260.00 and gave the company an "outperform" rating in a research report on Monday, January 8th. Two equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat.com, CyberArk Software presently has a consensus rating of "Moderate Buy" and a consensus price target of $258.54.

CyberArk Software Stock Performance

Shares of CYBR traded up $1.76 during trading hours on Monday, hitting $259.27. 280,786 shares of the stock were exchanged, compared to its average volume of 608,027. CyberArk Software Ltd. has a 12-month low of $120.11 and a 12-month high of $283.00. The company has a market cap of $10.96 billion, a price-to-earnings ratio of -160.04 and a beta of 1.05. The stock's 50-day moving average price is $258.44 and its two-hundred day moving average price is $216.31.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings results on Thursday, February 8th. The technology company reported $0.19 EPS for the quarter, topping the consensus estimate of ($0.34) by $0.53. CyberArk Software had a negative return on equity of 8.23% and a negative net margin of 8.84%. The firm had revenue of $223.10 million during the quarter, compared to analysts' expectations of $209.65 million. On average, research analysts expect that CyberArk Software Ltd. will post -1.46 earnings per share for the current year.

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.

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