Tiverton Asset Management LLC Increases Stock Holdings in Cyberark Software Ltd (NASDAQ:CYBR)

Tiverton Asset Management LLC increased its stake in shares of Cyberark Software Ltd (NASDAQ:CYBR) by 174.1% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 4,385 shares of the technology company’s stock after acquiring an additional 2,785 shares during the period. Tiverton Asset Management LLC’s holdings in Cyberark Software were worth $560,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CYBR. Truvestments Capital LLC acquired a new position in shares of Cyberark Software during the second quarter worth $26,000. Advisory Services Network LLC grew its stake in shares of Cyberark Software by 2,490.0% during the first quarter. Advisory Services Network LLC now owns 259 shares of the technology company’s stock valued at $31,000 after acquiring an additional 249 shares in the last quarter. NEXT Financial Group Inc increased its position in shares of Cyberark Software by 59.5% during the second quarter. NEXT Financial Group Inc now owns 319 shares of the technology company’s stock worth $41,000 after acquiring an additional 119 shares during the last quarter. Global Retirement Partners LLC increased its position in shares of Cyberark Software by 100.0% during the first quarter. Global Retirement Partners LLC now owns 400 shares of the technology company’s stock worth $48,000 after acquiring an additional 200 shares during the last quarter. Finally, LS Investment Advisors LLC acquired a new position in shares of Cyberark Software in the second quarter worth about $80,000. Hedge funds and other institutional investors own 76.60% of the company’s stock.

Shares of NASDAQ CYBR traded down $2.34 during midday trading on Tuesday, hitting $105.06. The company’s stock had a trading volume of 48,759 shares, compared to its average volume of 612,916. Cyberark Software Ltd has a 1-year low of $64.66 and a 1-year high of $148.74. The firm’s fifty day moving average price is $122.91 and its 200-day moving average price is $123.21. The firm has a market cap of $4.29 billion, a P/E ratio of 72.94, a P/E/G ratio of 5.57 and a beta of 1.65.

Cyberark Software (NASDAQ:CYBR) last issued its earnings results on Wednesday, August 7th. The technology company reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.34. Cyberark Software had a net margin of 15.23% and a return on equity of 13.47%. The firm had revenue of $100.18 million for the quarter, compared to analysts’ expectations of $97.35 million. During the same quarter last year, the company posted $0.36 earnings per share. Cyberark Software’s revenue was up 28.9% on a year-over-year basis. On average, equities research analysts forecast that Cyberark Software Ltd will post 1.29 EPS for the current year.

A number of research analysts recently commented on the company. Morgan Stanley increased their price target on Cyberark Software from $146.00 to $149.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Dougherty & Co upped their target price on Cyberark Software from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. set a $160.00 target price on Cyberark Software and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Citigroup increased their target price on Cyberark Software from $111.00 to $130.00 and gave the company an “outperform” rating in a research note on Wednesday, May 15th. Finally, Evercore ISI set a $140.00 price target on shares of Cyberark Software and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $124.52.

Cyberark Software Company Profile

CyberArk Software Ltd., together with its subsidiaries, provides software-based security solutions and services for organizations to safeguard and monitor their privileged accounts. The company's solutions include Core Privileged Access Security for risk-based credential security and session management with add-on options for least privilege server and domain controller protection; Application Access Manager for secrets management for applications, tools, containers, and DevOps; and Endpoint Privilege Manager for least privilege and credential theft protection for workstations.

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

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