CyberArk Software Ltd. (NASDAQ:CYBR) is Evolutionary Tree Capital Management LLC’s 10th Largest Position

Evolutionary Tree Capital Management LLC boosted its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 35.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 11,903 shares of the technology company’s stock after purchasing an additional 3,095 shares during the period. CyberArk Software comprises about 4.0% of Evolutionary Tree Capital Management LLC’s portfolio, making the stock its 10th biggest holding. Evolutionary Tree Capital Management LLC’s holdings in CyberArk Software were worth $3,965,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of CyberArk Software in the fourth quarter worth about $25,000. TD Private Client Wealth LLC boosted its holdings in CyberArk Software by 79.1% in the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock worth $26,000 after buying an additional 34 shares during the period. Plato Investment Management Ltd purchased a new position in CyberArk Software in the 4th quarter valued at approximately $39,000. Graney & King LLC purchased a new stake in shares of CyberArk Software during the fourth quarter worth $43,000. Finally, Montag A & Associates Inc. boosted its holdings in shares of CyberArk Software by 47.2% in the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock worth $44,000 after acquiring an additional 42 shares during the period. 91.84% of the stock is owned by institutional investors.

CyberArk Software Price Performance

CYBR stock opened at $349.44 on Friday. CyberArk Software Ltd. has a 1 year low of $223.41 and a 1 year high of $421.00. The company has a market cap of $17.27 billion, a P/E ratio of -179.20 and a beta of 1.00. The stock’s fifty day moving average price is $356.48 and its 200-day moving average price is $330.68.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. As a group, analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on CYBR shares. Citigroup boosted their price objective on CyberArk Software from $410.00 to $450.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. JMP Securities upped their price target on CyberArk Software from $390.00 to $480.00 and gave the company a “market outperform” rating in a research report on Friday, February 14th. Cantor Fitzgerald restated an “overweight” rating and issued a $415.00 price objective on shares of CyberArk Software in a research report on Monday, January 27th. JPMorgan Chase & Co. upped their target price on shares of CyberArk Software from $375.00 to $431.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $420.00 target price on shares of CyberArk Software in a research note on Friday. Two investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $418.39.

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.