CyberArk Software Ltd. (NASDAQ:CYBR) is Brown Capital Management LLC’s 5th Largest Position

Brown Capital Management LLC lessened its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 2.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 699,628 shares of the technology company’s stock after selling 15,678 shares during the quarter. CyberArk Software comprises about 4.4% of Brown Capital Management LLC’s investment portfolio, making the stock its 5th largest position. Brown Capital Management LLC’s holdings in CyberArk Software were worth $204,019,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Mather Group LLC. acquired a new stake in CyberArk Software in the second quarter valued at approximately $27,000. ORG Partners LLC acquired a new stake in shares of CyberArk Software in the 2nd quarter valued at $33,000. 1620 Investment Advisors Inc. bought a new stake in CyberArk Software in the second quarter worth $39,000. Assetmark Inc. increased its position in CyberArk Software by 1,025.0% during the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after buying an additional 123 shares during the last quarter. Finally, Arcadia Investment Management Corp MI raised its holdings in CyberArk Software by 42.2% during the second quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock valued at $50,000 after buying an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Trading Up 0.6 %

Shares of CyberArk Software stock opened at $316.90 on Thursday. The stock has a market capitalization of $13.81 billion, a price-to-earnings ratio of 1,173.75 and a beta of 1.13. The firm’s 50-day moving average price is $288.08 and its two-hundred day moving average price is $268.96. CyberArk Software Ltd. has a 1-year low of $186.96 and a 1-year high of $318.64.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.48. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The business had revenue of $240.10 million for the quarter, compared to analyst estimates of $234.10 million. During the same period in the prior year, the company earned ($0.31) EPS. CyberArk Software’s revenue for the quarter was up 25.6% on a year-over-year basis. As a group, equities research analysts predict that CyberArk Software Ltd. will post -0.95 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CYBR. Royal Bank of Canada increased their price objective on CyberArk Software from $328.00 to $358.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. KeyCorp lifted their price target on shares of CyberArk Software from $340.00 to $355.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Barclays upped their price objective on shares of CyberArk Software from $330.00 to $335.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. BTIG Research lifted their target price on shares of CyberArk Software from $310.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, Robert W. Baird boosted their target price on shares of CyberArk Software from $315.00 to $355.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. One investment analyst has rated the stock with a hold rating and twenty-six have given a buy rating to the company. Based on data from MarketBeat, CyberArk Software has an average 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.