Oberweis Asset Management Inc. Takes Position in Cyberark Software Ltd (CYBR)

Oberweis Asset Management Inc. bought a new position in Cyberark Software Ltd (NASDAQ:CYBR) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 56,170 shares of the technology company’s stock, valued at approximately $4,164,000. Cyberark Software makes up approximately 0.9% of Oberweis Asset Management Inc.’s investment portfolio, making the stock its 29th biggest position.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cerebellum GP LLC purchased a new position in Cyberark Software in the 4th quarter worth approximately $41,000. Optimum Investment Advisors purchased a new stake in shares of Cyberark Software during the 4th quarter valued at approximately $44,000. Quantamental Technologies LLC purchased a new stake in shares of Cyberark Software during the 4th quarter valued at approximately $59,000. IFP Advisors Inc raised its position in shares of Cyberark Software by 131.3% during the 4th quarter. IFP Advisors Inc now owns 1,413 shares of the technology company’s stock valued at $104,000 after buying an additional 802 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its position in shares of Cyberark Software by 130.6% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,845 shares of the technology company’s stock valued at $136,000 after buying an additional 1,045 shares during the period. 78.05% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently commented on CYBR shares. Goldman Sachs Group lowered shares of Cyberark Software from a “buy” rating to a “neutral” rating and reduced their price target for the company from $86.00 to $78.00 in a research report on Friday, January 4th. Deutsche Bank raised shares of Cyberark Software from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Thursday, December 20th. Morgan Stanley set a $126.00 price target on shares of Cyberark Software and gave the company a “buy” rating in a research report on Friday, February 15th. BidaskClub raised shares of Cyberark Software from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 2nd. Finally, Guggenheim initiated coverage on shares of Cyberark Software in a research report on Monday, December 10th. They set a “buy” rating and a $86.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Cyberark Software currently has a consensus rating of “Buy” and a consensus price target of $86.25.

Cyberark Software stock traded down $0.28 during trading on Friday, hitting $112.92. The company had a trading volume of 6,555 shares, compared to its average volume of 919,006. Cyberark Software Ltd has a 1-year low of $48.60 and a 1-year high of $114.24. The company has a market capitalization of $4.02 billion, a PE ratio of 78.86, a price-to-earnings-growth ratio of 4.87 and a beta of 1.87.

Cyberark Software (NASDAQ:CYBR) last posted its earnings results on Thursday, February 14th. The technology company reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.30. Cyberark Software had a net margin of 13.72% and a return on equity of 12.24%. The firm had revenue of $109.10 million during the quarter, compared to the consensus estimate of $95.94 million. During the same quarter last year, the firm earned $0.41 EPS. The firm’s revenue for the quarter was up 35.7% on a year-over-year basis. As a group, research analysts predict that Cyberark Software Ltd will post 1.11 earnings per share for the current year.

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Cyberark Software Profile

CyberArk Software Ltd. develops, markets, and sells software-based security solutions that protect organizations from cyber attacks in the United States and internationally. The company offers privileged account security solution to secure, manage, and monitor account access and activities. Its privileged account security solution consists of Enterprise Password Vault that prevents user passwords and SSH keys; Privileged Session Manager that protects windows based systems, databases, virtual machines, network devices, Web sites, and SaaS applications; and Privileged Threat Analytics that enables to detect, alert, and respond to anomalous privileged activity.

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Institutional Ownership by Quarter for Cyberark Software (NASDAQ:CYBR)

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