Anomaly Capital Management LP Takes $49.15 Million Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Anomaly Capital Management LP bought a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 179,742 shares of the technology company’s stock, valued at approximately $49,145,000. CyberArk Software accounts for approximately 1.9% of Anomaly Capital Management LP’s holdings, making the stock its 23rd biggest position. Anomaly Capital Management LP owned 0.43% of CyberArk Software at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CYBR. Swedbank AB bought a new stake in CyberArk Software during the first quarter worth about $109,466,000. 1832 Asset Management L.P. grew its position in CyberArk Software by 1,291.7% during the 1st quarter. 1832 Asset Management L.P. now owns 386,365 shares of the technology company’s stock worth $102,630,000 after acquiring an additional 358,602 shares during the last quarter. Global Assets Advisory LLC acquired a new stake in CyberArk Software during the 1st quarter valued at $67,736,000. Contour Asset Management LLC acquired a new stake in CyberArk Software during the 4th quarter valued at $48,605,000. Finally, Acadian Asset Management LLC raised its position in CyberArk Software by 38.2% in the 1st quarter. Acadian Asset Management LLC now owns 405,375 shares of the technology company’s stock valued at $107,642,000 after purchasing an additional 112,112 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Stock Performance

CYBR opened at $280.62 on Monday. The firm’s fifty day moving average is $268.97 and its two-hundred day moving average is $257.77. The firm has a market cap of $11.86 billion, a PE ratio of -438.47 and a beta of 1.11. CyberArk Software Ltd. has a twelve month low of $152.03 and a twelve month high of $293.31.

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CYBR shares. Cantor Fitzgerald restated an “overweight” rating and set a $300.00 target price on shares of CyberArk Software in a report on Friday, August 9th. KeyCorp increased their price objective on shares of CyberArk Software from $300.00 to $310.00 and gave the stock an “overweight” rating in a report on Friday, August 9th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $310.00 target price on shares of CyberArk Software in a research note on Tuesday, August 6th. DA Davidson upped their target price on shares of CyberArk Software from $285.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, JMP Securities reissued a “market outperform” rating and issued a $310.00 price target on shares of CyberArk Software in a report on Monday, June 17th. Two research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.