Diversified Trust Co Raises Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

Diversified Trust Co raised its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 11.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,831 shares of the technology company’s stock after purchasing an additional 390 shares during the period. Diversified Trust Co’s holdings in CyberArk Software were worth $1,018,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. First Dallas Securities Inc. grew its position in shares of CyberArk Software by 3.2% during the first quarter. First Dallas Securities Inc. now owns 1,600 shares of the technology company’s stock worth $425,000 after acquiring an additional 50 shares during the last quarter. Desjardins Global Asset Management Inc. grew its position in CyberArk Software by 22.1% during the 4th 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 last quarter. Signaturefd LLC grew its position in CyberArk Software by 6.6% during the 4th quarter. Signaturefd LLC now owns 868 shares of the technology company’s stock worth $190,000 after purchasing an additional 54 shares during the last quarter. Wealth Alliance increased its stake in CyberArk Software by 2.6% in the fourth quarter. Wealth Alliance now owns 2,399 shares of the technology company’s stock valued at $526,000 after purchasing an additional 60 shares during the period. Finally, Pacer Advisors Inc. raised its holdings in shares of CyberArk Software by 14.9% in the fourth quarter. Pacer Advisors Inc. now owns 564 shares of the technology company’s stock valued at $124,000 after buying an additional 73 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

CyberArk Software Trading Down 1.4 %

NASDAQ:CYBR opened at $269.67 on Tuesday. CyberArk Software Ltd. has a twelve month low of $142.92 and a twelve month high of $283.00. The company has a market capitalization of $11.40 billion, a P/E ratio of -421.36 and a beta of 1.14. The firm has a 50-day moving average price of $244.63 and a two-hundred day moving average price of $244.24.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Thursday, May 2nd. The technology company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.51) by $0.67. CyberArk Software had a negative net margin of 3.20% and a negative return on equity of 2.51%. The business had revenue of $221.55 million during the quarter, compared to analysts’ expectations of $213.42 million. On average, equities research analysts predict that CyberArk Software Ltd. will post -1.24 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on CYBR. Bank of America restated a “buy” rating and issued a $315.00 price target on shares of CyberArk Software in a research report on Wednesday, April 24th. Wedbush reissued an “outperform” rating and issued a $285.00 target price on shares of CyberArk Software in a report on Friday, May 3rd. DA Davidson increased their price target on CyberArk Software from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, May 22nd. Needham & Company LLC reissued a “buy” rating and issued a $310.00 price objective on shares of CyberArk Software in a research note on Monday, May 20th. Finally, Canaccord Genuity Group reduced their target price on shares of CyberArk Software from $300.00 to $280.00 and set a “buy” rating for the company in a research note on Tuesday, June 4th. Two analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $275.00.

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.