CyberArk Software Ltd. (NASDAQ:CYBR) Shares Acquired by Westover Capital Advisors LLC

Westover Capital Advisors LLC raised its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 47.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,332 shares of the technology company’s stock after acquiring an additional 2,991 shares during the quarter. Westover Capital Advisors LLC’s holdings in CyberArk Software were worth $2,044,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. TimesSquare Capital Management LLC grew its position in shares of CyberArk Software by 2.1% in the third quarter. TimesSquare Capital Management LLC now owns 553,969 shares of the technology company’s stock valued at $90,724,000 after purchasing an additional 11,387 shares in the last quarter. Dorsey & Whitney Trust CO LLC purchased a new stake in shares of CyberArk Software in the third quarter valued at approximately $217,000. M&T Bank Corp grew its position in shares of CyberArk Software by 9.2% in the third quarter. M&T Bank Corp now owns 2,723 shares of the technology company’s stock valued at $446,000 after purchasing an additional 230 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of CyberArk Software by 226.3% in the third quarter. Acadian Asset Management LLC now owns 295,893 shares of the technology company’s stock valued at $48,434,000 after purchasing an additional 205,224 shares in the last quarter. Finally, Nordea Investment Management AB grew its position in CyberArk Software by 9.6% in the fourth quarter. Nordea Investment Management AB now owns 2,841 shares of the technology company’s stock worth $624,000 after acquiring an additional 250 shares during the period. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Price Performance

Shares of NASDAQ CYBR traded down $5.32 during mid-day trading on Thursday, hitting $231.84. The company had a trading volume of 857,847 shares, compared to its average volume of 576,526. The company has a market capitalization of $9.80 billion, a PE ratio of -142.39 and a beta of 1.06. CyberArk Software Ltd. has a 1-year low of $120.11 and a 1-year high of $283.00. The business’s 50-day simple moving average is $255.34 and its 200 day simple moving average is $225.39.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings results on Thursday, February 8th. The technology company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.53. CyberArk Software had a negative return on equity of 8.23% and a negative net margin of 8.84%. The company had revenue of $223.10 million for the quarter, compared to analysts’ expectations of $209.65 million. On average, analysts expect that CyberArk Software Ltd. will post -1.46 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CYBR shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $300.00 price objective on shares of CyberArk Software in a research report on Wednesday, April 17th. BTIG Research started coverage on CyberArk Software in a research report on Thursday, March 28th. They issued a “buy” rating and a $317.00 price objective for the company. Rosenblatt Securities restated a “buy” rating and set a $310.00 price target on shares of CyberArk Software in a research report on Wednesday. JMP Securities raised their price target on CyberArk Software from $195.00 to $280.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 31st. Finally, Needham & Company LLC raised their price target on CyberArk Software from $245.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Two equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $258.96.

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.