204,150 Shares in CyberArk Software Ltd. $CYBR Bought by Alpine Associates Management Inc.

Alpine Associates Management Inc. purchased a new stake in CyberArk Software Ltd. (NASDAQ:CYBR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 204,150 shares of the technology company’s stock, valued at approximately $98,635,000. CyberArk Software accounts for about 6.0% of Alpine Associates Management Inc.’s holdings, making the stock its 6th largest position. Alpine Associates Management Inc. owned 0.40% of CyberArk Software as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Cornerstone Planning Group LLC lifted its stake in shares of CyberArk Software by 5,300.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 54 shares of the technology company’s stock valued at $28,000 after purchasing an additional 53 shares during the period. Parkside Financial Bank & Trust raised its holdings in shares of CyberArk Software by 120.7% in the 3rd quarter. Parkside Financial Bank & Trust now owns 64 shares of the technology company’s stock worth $31,000 after acquiring an additional 35 shares during the last quarter. NewSquare Capital LLC raised its stake in shares of CyberArk Software by 78.0% in the second quarter. NewSquare Capital LLC now owns 73 shares of the technology company’s stock worth $30,000 after purchasing an additional 32 shares during the last quarter. AlphaCore Capital LLC bought a new position in CyberArk Software during the 2nd quarter valued at $33,000. Finally, UMB Bank n.a. lifted its position in shares of CyberArk Software by 50.0% during the third quarter. UMB Bank n.a. now owns 87 shares of the technology company’s stock valued at $42,000 after purchasing an additional 29 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on CYBR. JPMorgan Chase & Co. cut their price objective on CyberArk Software from $474.00 to $425.00 and set a “neutral” rating on the stock in a research report on Monday. DA Davidson upped their price objective on CyberArk Software from $518.00 to $573.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Mizuho decreased their target price on CyberArk Software from $520.00 to $470.00 and set an “outperform” rating for the company in a research report on Thursday, February 5th. Canaccord Genuity Group lowered CyberArk Software from a “buy” rating to a “hold” rating and boosted their target price for the company from $440.00 to $502.00 in a research note on Wednesday, October 15th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of CyberArk Software in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twenty-three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $462.46.

CyberArk Software Stock Down 0.1%

Shares of NASDAQ CYBR opened at $408.85 on Thursday. The stock has a market capitalization of $20.64 billion, a price-to-earnings ratio of -139.54, a P/E/G ratio of 18.11 and a beta of 0.91. CyberArk Software Ltd. has a 12-month low of $288.63 and a 12-month high of $526.19. The company has a current ratio of 2.00, a quick ratio of 2.14 and a debt-to-equity ratio of 0.51. The firm’s 50-day moving average price is $444.92 and its 200-day moving average price is $460.20.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Wednesday, February 4th. The technology company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.18. The business had revenue of $372.65 million for the quarter, compared to the consensus estimate of $377.22 million. CyberArk Software had a positive return on equity of 0.77% and a negative net margin of 10.79%.The company’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.80 earnings per share. On average, equities research analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

CyberArk Software Company Profile

CyberArk Software Ltd. is a cybersecurity company that focuses on identity security and privileged access management. Its core mission is to protect organizations from cyber threats that target privileged accounts, credentials and secrets that can provide attackers with broad access to critical systems. CyberArk’s offerings are designed to help enterprises control, monitor and secure privileged credentials across on-premises, cloud and hybrid environments, reducing the risk of lateral movement and data breaches.

The company delivers a suite of software and cloud services that address privileged access, secrets management, endpoint privilege management and identity-based threat detection.