Kornitzer Capital Management Inc. KS cut its holdings in shares of Cyberark Software Ltd (NASDAQ:CYBR) by 17.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 76,150 shares of the technology company’s stock after selling 16,060 shares during the period. Kornitzer Capital Management Inc. KS owned approximately 0.20% of Cyberark Software worth $9,735,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the company. Acadian Asset Management LLC grew its position in shares of Cyberark Software by 2.1% during the 1st quarter. Acadian Asset Management LLC now owns 1,510,482 shares of the technology company’s stock valued at $179,824,000 after acquiring an additional 30,358 shares during the period. Swedbank acquired a new stake in shares of Cyberark Software during the 1st quarter valued at about $120,062,000. OppenheimerFunds Inc. grew its position in shares of Cyberark Software by 21.4% during the 1st quarter. OppenheimerFunds Inc. now owns 735,302 shares of the technology company’s stock valued at $87,538,000 after acquiring an additional 129,450 shares during the period. Norges Bank acquired a new stake in shares of Cyberark Software during the 4th quarter valued at about $35,253,000. Finally, Assenagon Asset Management S.A. grew its position in shares of Cyberark Software by 2,646.8% during the 1st quarter. Assenagon Asset Management S.A. now owns 371,977 shares of the technology company’s stock valued at $44,284,000 after acquiring an additional 358,435 shares during the period. Hedge funds and other institutional investors own 71.29% of the company’s stock.
CYBR traded down $6.34 during trading on Wednesday, reaching $113.90. The company’s stock had a trading volume of 46,790 shares, compared to its average volume of 914,843. The stock has a fifty day simple moving average of $132.27. Cyberark Software Ltd has a 1 year low of $64.66 and a 1 year high of $148.74. The company has a market capitalization of $4.54 billion, a P/E ratio of 80.41, a price-to-earnings-growth ratio of 6.24 and a beta of 1.58.
Cyberark Software (NASDAQ:CYBR) last released its earnings results on Wednesday, August 7th. The technology company reported $0.59 earnings per share 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 business had revenue of $100.18 million for the quarter, compared to analyst estimates of $97.35 million. During the same period last year, the company posted $0.36 EPS. The business’s revenue was up 28.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Cyberark Software Ltd will post 1.2 earnings per share for the current year.
A number of research analysts recently weighed in on CYBR shares. ValuEngine lowered shares of Cyberark Software from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. Mizuho set a $145.00 price target on shares of Cyberark Software and gave the company a “buy” rating in a research note on Wednesday, August 7th. Morgan Stanley raised their price target on shares of Cyberark Software from $146.00 to $149.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. JMP Securities reissued an “outperform” rating and issued a $135.00 target price (up from $130.00) on shares of Cyberark Software in a research note on Tuesday, May 14th. Finally, Berenberg Bank began coverage on shares of Cyberark Software in a research note on Friday, May 31st. They issued a “buy” rating and a $155.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Cyberark Software currently has an average rating of “Buy” and an average target price of $123.50.
Cyberark Software 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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