CyberArk Software Ltd. (NASDAQ:CYBR) Stock Position Raised by Hodges Capital Management Inc.

Hodges Capital Management Inc. boosted its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 0.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,800 shares of the technology company’s stock after acquiring an additional 135 shares during the period. Hodges Capital Management Inc. owned about 0.11% of CyberArk Software worth $14,231,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Greenleaf Trust boosted its stake in CyberArk Software by 2.5% during the 3rd quarter. Greenleaf Trust now owns 1,829 shares of the technology company’s stock valued at $533,000 after purchasing an additional 45 shares during the period. Signaturefd LLC boosted its position in shares of CyberArk Software by 4.2% during the third quarter. Signaturefd LLC now owns 1,206 shares of the technology company’s stock worth $352,000 after buying an additional 49 shares during the period. Austin Private Wealth LLC grew its holdings in CyberArk Software by 6.8% in the 3rd quarter. Austin Private Wealth LLC now owns 815 shares of the technology company’s stock worth $238,000 after buying an additional 52 shares in the last quarter. Arcadia Investment Management Corp MI increased its position in CyberArk Software by 42.2% in the 2nd quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock valued at $50,000 after acquiring an additional 54 shares during the period. Finally, Juncture Wealth Strategies LLC raised its stake in CyberArk Software by 2.1% during the 3rd quarter. Juncture Wealth Strategies LLC now owns 2,830 shares of the technology company’s stock valued at $825,000 after acquiring an additional 57 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

CyberArk Software Price Performance

CYBR opened at $323.22 on Friday. The company has a market capitalization of $14.08 billion, a PE ratio of 1,197.16 and a beta of 1.13. CyberArk Software Ltd. has a fifty-two week low of $198.01 and a fifty-two week high of $333.32. The business has a 50-day moving average of $299.12 and a 200-day moving average of $276.01.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.48. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The firm had revenue of $240.10 million for the quarter, compared to analyst estimates of $234.10 million. During the same quarter last year, the firm earned ($0.31) earnings per share. The company’s revenue for the quarter was up 25.6% on a year-over-year basis. On average, equities research analysts expect that CyberArk Software Ltd. will post -0.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Scotiabank started coverage on CyberArk Software in a report on Monday, October 21st. They set a “sector outperform” rating and a $340.00 price target on the stock. Jefferies Financial Group increased their price objective on shares of CyberArk Software from $315.00 to $330.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Susquehanna boosted their target price on CyberArk Software from $320.00 to $345.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. Royal Bank of Canada increased their price target on CyberArk Software from $328.00 to $358.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Finally, Wedbush boosted their price objective on CyberArk Software from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 1st. One analyst has rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $328.37.

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.