CyberArk Software Ltd. (NASDAQ:CYBR) Holdings Cut by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC lowered its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 0.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 552,529 shares of the technology company’s stock after selling 1,440 shares during the quarter. CyberArk Software comprises about 1.8% of TimesSquare Capital Management LLC’s holdings, making the stock its 2nd largest position. TimesSquare Capital Management LLC owned 1.35% of CyberArk Software worth $121,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Raymond James & Associates grew its position in CyberArk Software by 37.9% in the third quarter. Raymond James & Associates now owns 52,506 shares of the technology company’s stock valued at $8,599,000 after acquiring an additional 14,418 shares in the last quarter. Mackenzie Financial Corp increased its stake in CyberArk Software by 4.8% during the 3rd quarter. Mackenzie Financial Corp now owns 2,862 shares of the technology company’s stock worth $449,000 after buying an additional 131 shares during the period. Strs Ohio acquired a new position in CyberArk Software in the 3rd quarter worth $2,522,000. Advisor Partners II LLC purchased a new position in CyberArk Software in the 3rd quarter valued at about $201,000. Finally, Park Avenue Securities LLC acquired a new stake in shares of CyberArk Software during the third quarter valued at about $577,000. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Price Performance

CYBR stock traded down $1.53 on Thursday, reaching $233.35. 328,327 shares of the company were exchanged, compared to its average volume of 580,338. The firm has a market capitalization of $9.86 billion, a PE ratio of -367.00 and a beta of 1.06. The stock’s fifty day moving average price is $253.01 and its 200 day moving average price is $227.72. CyberArk Software Ltd. has a 12 month low of $135.02 and a 12 month high of $283.00.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Thursday, February 8th. The technology company reported $0.19 EPS for the quarter, topping the consensus estimate of ($0.34) by $0.53. CyberArk Software had a negative return on equity of 2.51% and a negative net margin of 3.20%. The business had revenue of $223.10 million during the quarter, compared to the consensus estimate of $209.65 million. As a group, research analysts expect that CyberArk Software Ltd. will post -1.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CYBR. Bank of America reissued a “buy” rating and issued a $315.00 price target on shares of CyberArk Software in a report on Wednesday, April 24th. UBS Group upped their price objective on CyberArk Software from $215.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Citigroup upped their price target on shares of CyberArk Software from $215.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. DA Davidson cut their target price on CyberArk Software from $300.00 to $275.00 and set a “buy” rating on the stock in a research report on Friday, May 3rd. Finally, JMP Securities increased their price objective on CyberArk Software from $195.00 to $280.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 31st. Two analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat, CyberArk Software has a consensus rating of “Moderate Buy” and a consensus price target of $265.63.

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.