Hood River Capital Management LLC Boosts Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

Hood River Capital Management LLC boosted its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 59.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 223,584 shares of the technology company’s stock after purchasing an additional 83,172 shares during the period. CyberArk Software makes up approximately 1.3% of Hood River Capital Management LLC’s investment portfolio, making the stock its 24th biggest holding. Hood River Capital Management LLC owned approximately 0.53% of CyberArk Software worth $61,132,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CYBR. Canaccord Genuity Group reduced their target price on shares of CyberArk Software from $300.00 to $280.00 and set a “buy” rating on the stock in a research report on Tuesday, June 4th. JMP Securities reaffirmed a “market outperform” rating and set a $310.00 target price on shares of CyberArk Software in a research report on Monday, June 17th. DA Davidson upped their target price on CyberArk Software from $285.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Wedbush raised their price target on CyberArk Software from $285.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Finally, Barclays upped their price objective on shares of CyberArk Software from $280.00 to $315.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Two research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $292.32.

CyberArk Software Trading Up 3.5 %

NASDAQ:CYBR opened at $280.62 on Monday. CyberArk Software Ltd. has a twelve month low of $152.03 and a twelve month high of $293.31. The company has a market cap of $11.86 billion, a PE ratio of -438.47 and a beta of 1.11. The company’s 50 day moving average is $268.97 and its two-hundred day moving average is $257.77.

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

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.