Peregrine Capital Management LLC Has $11.95 Million Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Peregrine Capital Management LLC lowered its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 23.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,564 shares of the technology company's stock after selling 16,729 shares during the quarter. Peregrine Capital Management LLC owned 0.13% of CyberArk Software worth $11,952,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TimesSquare Capital Management LLC raised its position in CyberArk Software by 2.1% in the third quarter. TimesSquare Capital Management LLC now owns 553,969 shares of the technology company's stock valued at $90,724,000 after purchasing an additional 11,387 shares during the period. Dorsey & Whitney Trust CO LLC purchased a new position in CyberArk Software in the third quarter valued at about $217,000. M&T Bank Corp raised its position in CyberArk Software by 9.2% in the third quarter. M&T Bank Corp now owns 2,723 shares of the technology company's stock valued at $446,000 after purchasing an additional 230 shares during the period. Acadian Asset Management LLC raised its position in CyberArk Software by 226.3% in the third quarter. Acadian Asset Management LLC now owns 295,893 shares of the technology company's stock valued at $48,434,000 after purchasing an additional 205,224 shares during the period. Finally, Nordea Investment Management AB raised its position in CyberArk Software by 9.6% in the fourth quarter. Nordea Investment Management AB now owns 2,841 shares of the technology company's stock valued at $624,000 after purchasing an additional 250 shares during the period. Institutional investors and hedge funds own 91.84% of the company's stock.

CyberArk Software Price Performance

CYBR stock traded up $0.72 on Tuesday, reaching $259.99. The company's stock had a trading volume of 249,305 shares, compared to its average volume of 602,752. The firm has a fifty day moving average of $258.44 and a two-hundred day moving average of $216.31. The company has a market capitalization of $10.99 billion, a P/E ratio of -160.49 and a beta of 1.05. CyberArk Software Ltd. has a 52 week low of $120.11 and a 52 week high of $283.00.

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Oppenheimer lifted their target price on CyberArk Software from $195.00 to $260.00 and gave the stock an "outperform" rating in a research report on Monday, January 8th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $300.00 target price on shares of CyberArk Software in a research report on Thursday, February 29th. Susquehanna lifted their target price on CyberArk Software from $255.00 to $310.00 and gave the stock a "positive" rating in a research report on Friday, February 9th. BTIG Research assumed coverage on CyberArk Software in a research report on Thursday, March 28th. They set a "buy" rating and a $317.00 target price on the stock. Finally, Rosenblatt Securities lifted their target price on CyberArk Software from $265.00 to $300.00 and gave the stock a "buy" rating in a research report on Friday, February 9th. Two investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $258.54.

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.