Perfromance Wealth Partners LLC Decreases Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Perfromance Wealth Partners LLC decreased its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 1.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,071 shares of the technology company’s stock after selling 75 shares during the quarter. Perfromance Wealth Partners LLC’s holdings in CyberArk Software were worth $1,770,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. RGM Capital LLC increased its stake in shares of CyberArk Software by 2.1% during the second quarter. RGM Capital LLC now owns 814,129 shares of the technology company’s stock valued at $222,599,000 after buying an additional 16,530 shares during the period. Whale Rock Capital Management LLC increased its holdings in CyberArk Software by 21.6% during the first quarter. Whale Rock Capital Management LLC now owns 459,828 shares of the technology company’s stock valued at $122,144,000 after buying an additional 81,801 shares during the period. Swedbank AB purchased a new stake in CyberArk Software during the first quarter worth $109,466,000. Acadian Asset Management LLC boosted its position in CyberArk Software by 38.2% during the 1st quarter. Acadian Asset Management LLC now owns 405,375 shares of the technology company’s stock valued at $107,642,000 after acquiring an additional 112,112 shares in the last quarter. Finally, 1832 Asset Management L.P. increased its holdings in shares of CyberArk Software by 1,291.7% in the 1st quarter. 1832 Asset Management L.P. now owns 386,365 shares of the technology company’s stock valued at $102,630,000 after acquiring an additional 358,602 shares during the period. 91.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CYBR. Needham & Company LLC reiterated a “buy” rating and issued a $310.00 target price on shares of CyberArk Software in a research note on Friday, August 9th. KeyCorp boosted their price objective on shares of CyberArk Software from $300.00 to $310.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. Citigroup raised their target price on shares of CyberArk Software from $305.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, August 9th. BTIG Research upped their price target on CyberArk Software from $310.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Guggenheim restated a “buy” rating and set a $300.00 target price on shares of CyberArk Software in a research note on Tuesday, June 25th. One equities research analyst has rated the stock with a hold rating and twenty-four have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $297.84.

CyberArk Software Stock Up 0.3 %

Shares of NASDAQ:CYBR traded up $0.84 during trading on Friday, reaching $295.30. 336,927 shares of the company’s stock traded hands, compared to its average volume of 527,291. The firm has a market cap of $12.48 billion, a PE ratio of -922.81 and a beta of 1.12. CyberArk Software Ltd. has a fifty-two week low of $154.76 and a fifty-two week high of $299.03. The company has a 50-day simple moving average of $275.01 and a 200-day simple moving average of $259.81.

CyberArk Software (NASDAQ:CYBR) last released its earnings results on Thursday, August 8th. The technology company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.14. CyberArk Software had a negative net margin of 1.53% and a negative return on equity of 0.21%. The business had revenue of $224.71 million during the quarter, compared to analysts’ expectations of $219.06 million. During the same quarter in the previous year, the company earned ($0.58) earnings per share. The company’s quarterly revenue was up 27.8% on a year-over-year basis. On average, equities research analysts forecast that CyberArk Software Ltd. will post -1.06 EPS for the current year.

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.