Jackson Square Capital LLC raised its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 28.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,895 shares of the technology company's stock after acquiring an additional 5,308 shares during the period. CyberArk Software comprises approximately 1.7% of Jackson Square Capital LLC's portfolio, making the stock its 14th biggest holding. Jackson Square Capital LLC owned about 0.06% of CyberArk Software worth $6,968,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. RGM Capital LLC boosted its stake in shares of CyberArk Software by 2.1% during the second quarter. RGM Capital LLC now owns 814,129 shares of the technology company's stock valued at $222,599,000 after purchasing an additional 16,530 shares during the period. Whale Rock Capital Management LLC boosted its stake in shares of CyberArk Software by 21.6% during the first quarter. Whale Rock Capital Management LLC now owns 459,828 shares of the technology company's stock valued at $122,144,000 after purchasing an additional 81,801 shares during the period. Swedbank AB boosted its stake in shares of CyberArk Software by 11.1% during the third quarter. Swedbank AB now owns 457,899 shares of the technology company's stock valued at $133,528,000 after purchasing an additional 45,799 shares during the period. Acadian Asset Management LLC boosted its stake in shares of CyberArk Software by 38.2% during the first quarter. Acadian Asset Management LLC now owns 405,375 shares of the technology company's stock valued at $107,642,000 after purchasing an additional 112,112 shares during the period. Finally, 1832 Asset Management L.P. boosted its stake in shares of CyberArk Software by 1,291.7% during the first quarter. 1832 Asset Management L.P. now owns 386,365 shares of the technology company's stock valued at $102,630,000 after purchasing an additional 358,602 shares during the period. 91.84% of the stock is currently owned by institutional investors.
A number of research firms have recently weighed in on CYBR. KeyCorp increased their price objective on CyberArk Software from $310.00 to $340.00 and gave the company an "overweight" rating in a research note on Friday, October 18th. Royal Bank of Canada initiated coverage on CyberArk Software in a research note on Friday, September 20th. They issued an "outperform" rating and a $328.00 price target for the company. Citigroup raised their price target on CyberArk Software from $305.00 to $310.00 and gave the stock a "buy" rating in a research note on Friday, August 9th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $310.00 price target on shares of CyberArk Software in a research note on Tuesday, August 6th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $310.00 price target on shares of CyberArk Software in a research note on Monday. One investment analyst has rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $311.44.
Check Out Our Latest Report on CYBR
Shares of NASDAQ:CYBR opened at $294.45 on Thursday. CyberArk Software Ltd. has a 1-year low of $179.26 and a 1-year high of $308.63. The business has a fifty day moving average price of $282.40 and a 200-day moving average price of $264.53. The company has a market capitalization of $12.83 billion, a PE ratio of -920.16 and a beta of 1.13.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The technology company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.14. CyberArk Software had a negative return on equity of 0.21% and a negative net margin of 1.53%. The firm had revenue of $224.71 million during the quarter, compared to the consensus estimate of $219.06 million. During the same period last year, the company earned ($0.58) earnings per share. The company's revenue was up 27.8% on a year-over-year basis. On average, sell-side analysts anticipate that CyberArk Software Ltd. will post -1.05 earnings per share for the current fiscal year.
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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