Yousif Capital Management LLC Acquires 187 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Yousif Capital Management LLC raised its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 9.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,235 shares of the technology company’s stock after buying an additional 187 shares during the period. Yousif Capital Management LLC’s holdings in CyberArk Software were worth $755,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Thoma Bravo L.P. bought a new stake in shares of CyberArk Software during the 4th quarter worth approximately $380,637,000. Norges Bank bought a new stake in CyberArk Software during the fourth quarter worth $203,375,000. Congress Asset Management Co. raised its position in CyberArk Software by 304.2% during the first quarter. Congress Asset Management Co. now owns 332,770 shares of the technology company’s stock worth $112,476,000 after acquiring an additional 250,441 shares in the last quarter. Alyeska Investment Group L.P. acquired a new stake in CyberArk Software in the fourth quarter valued at $72,842,000. Finally, Janus Henderson Group PLC grew its position in shares of CyberArk Software by 7,524.4% in the 4th quarter. Janus Henderson Group PLC now owns 170,710 shares of the technology company’s stock valued at $56,914,000 after acquiring an additional 168,471 shares during the period. 91.84% of the stock is owned by institutional investors.

CyberArk Software Trading Down 0.5%

Shares of CYBR opened at $388.47 on Friday. CyberArk Software Ltd. has a 12 month low of $230.00 and a 12 month high of $421.00. The firm’s 50 day moving average is $364.32 and its 200-day moving average is $353.37. The stock has a market capitalization of $19.20 billion, a PE ratio of -208.85 and a beta of 0.99.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Tuesday, May 13th. The technology company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.19. The firm had revenue of $317.60 million for the quarter, compared to analyst estimates of $305.57 million. CyberArk Software had a positive return on equity of 0.71% and a negative net margin of 7.97%. The company’s revenue was up 43.3% on a year-over-year basis. During the same quarter last year, the company earned $0.75 EPS. Equities research analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CYBR. Morgan Stanley reaffirmed an “equal weight” rating on shares of CyberArk Software in a report on Tuesday, May 13th. Citigroup boosted their price target on CyberArk Software from $410.00 to $450.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. DA Davidson raised their price objective on CyberArk Software from $435.00 to $465.00 and gave the company a “buy” rating in a research report on Thursday, June 12th. Guggenheim reiterated a “buy” rating and set a $455.00 target price on shares of CyberArk Software in a research note on Tuesday, February 25th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $400.00 price target on shares of CyberArk Software in a research note on Tuesday, May 13th. Two research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $416.79.

About CyberArk Software

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.