Hodges Capital Management Inc. Decreases Stock Holdings in CyberArk Software Ltd. $CYBR

Hodges Capital Management Inc. trimmed its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 17.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,265 shares of the technology company’s stock after selling 4,956 shares during the period. Hodges Capital Management Inc.’s holdings in CyberArk Software were worth $9,873,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. First Dallas Securities Inc. purchased a new position in CyberArk Software during the 2nd quarter valued at about $651,000. Allworth Financial LP grew its position in shares of CyberArk Software by 7.4% in the 2nd quarter. Allworth Financial LP now owns 579 shares of the technology company’s stock worth $236,000 after buying an additional 40 shares during the last quarter. Bornite Capital Management LP bought a new stake in shares of CyberArk Software in the 2nd quarter worth approximately $24,413,000. Future Fund LLC purchased a new position in shares of CyberArk Software during the second quarter valued at approximately $1,078,000. Finally, Pier 88 Investment Partners LLC raised its holdings in shares of CyberArk Software by 42.1% during the second quarter. Pier 88 Investment Partners LLC now owns 18,330 shares of the technology company’s stock valued at $7,458,000 after acquiring an additional 5,430 shares in the last quarter. 91.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

CYBR has been the subject of several research reports. Wedbush restated a “neutral” rating and issued a $450.00 price objective on shares of CyberArk Software in a report on Thursday, July 31st. Citigroup cut shares of CyberArk Software from a “buy” rating to a “hold” rating and boosted their price target for the company from $465.00 to $524.00 in a research report on Tuesday, November 4th. Stifel Nicolaus reissued a “hold” rating and issued a $444.00 price target on shares of CyberArk Software in a research note on Thursday, July 31st. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $448.00 price objective (up from $420.00) on shares of CyberArk Software in a research report on Thursday, July 31st. Finally, Needham & Company LLC upped their target price on CyberArk Software from $460.00 to $551.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Nine analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, CyberArk Software has a consensus rating of “Hold” and an average target price of $451.69.

CyberArk Software Trading Up 0.3%

NASDAQ:CYBR opened at $503.87 on Monday. The stock has a market cap of $25.43 billion, a price-to-earnings ratio of -149.52 and a beta of 1.01. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53. The company’s 50 day moving average price is $490.51 and its 200-day moving average price is $426.11. CyberArk Software Ltd. has a 52 week low of $288.00 and a 52 week high of $526.19.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Thursday, November 6th. The technology company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.28. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. The company had revenue of $342.84 million during the quarter, compared to analyst estimates of $328.52 million. During the same period in the previous year, the business earned $0.94 EPS. The firm’s revenue for the quarter was up 42.8% on a year-over-year basis. On average, equities research analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share 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.