RGM Capital LLC Acquires 16,530 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

RGM Capital LLC grew its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 2.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 814,129 shares of the technology company’s stock after acquiring an additional 16,530 shares during the quarter. CyberArk Software comprises approximately 8.9% of RGM Capital LLC’s holdings, making the stock its largest position. RGM Capital LLC owned approximately 1.93% of CyberArk Software worth $222,599,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Mather Group LLC. acquired a new position in shares of CyberArk Software during the second quarter valued at approximately $27,000. Montag A & Associates Inc. bought a new position in CyberArk Software during the 1st quarter valued at $27,000. ORG Partners LLC acquired a new position in shares of CyberArk Software during the 2nd quarter valued at $33,000. 1620 Investment Advisors Inc. bought a new stake in shares of CyberArk Software in the 2nd quarter worth $39,000. Finally, FinTrust Capital Advisors LLC acquired a new stake in shares of CyberArk Software in the fourth quarter valued at $34,000. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Trading Up 3.5 %

NASDAQ CYBR opened at $280.62 on Friday. CyberArk Software Ltd. has a 1-year low of $152.03 and a 1-year high of $293.31. The firm’s fifty day simple moving average is $268.97 and its 200-day simple moving average is $257.78. The company has a market capitalization of $11.86 billion, a PE ratio of -438.47 and a beta of 1.11.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Thursday, August 8th. The technology company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.14. The company had revenue of $224.71 million for the quarter, compared to analyst estimates of $219.06 million. CyberArk Software had a negative return on equity of 0.21% and a negative net margin of 1.53%. The business’s revenue was up 27.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.58) EPS. As a group, analysts predict that CyberArk Software Ltd. will post -1.06 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on CYBR shares. Barclays lifted their target price on CyberArk Software from $280.00 to $315.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. KeyCorp lifted their price objective on shares of CyberArk Software from $300.00 to $310.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. DA Davidson increased their target price on shares of CyberArk Software from $285.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Susquehanna lifted their price target on shares of CyberArk Software from $310.00 to $320.00 and gave the stock a “positive” rating in a research report on Friday, August 9th. Finally, Canaccord Genuity Group dropped their price target on CyberArk Software from $300.00 to $280.00 and set a “buy” rating on the stock in a report on Tuesday, June 4th. Two equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to MarketBeat, CyberArk Software currently has an average rating of “Moderate Buy” and an average target price of $292.32.

CyberArk Software Company 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.