Townsquare Capital LLC Purchases 1,388 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Townsquare Capital LLC boosted its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 8.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,914 shares of the technology company’s stock after buying an additional 1,388 shares during the period. Townsquare Capital LLC’s holdings in CyberArk Software were worth $4,932,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its position in shares of CyberArk Software by 715.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,262 shares of the technology company’s stock worth $14,946,000 after acquiring an additional 49,360 shares in the last quarter. Ensign Peak Advisors Inc acquired a new stake in shares of CyberArk Software in the 2nd quarter valued at $711,000. Sycomore Asset Management increased its stake in shares of CyberArk Software by 36.6% in the 2nd quarter. Sycomore Asset Management now owns 60,781 shares of the technology company’s stock valued at $15,973,000 after purchasing an additional 16,294 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of CyberArk Software by 11.1% during the 1st quarter. California State Teachers Retirement System now owns 37,875 shares of the technology company’s stock worth $10,061,000 after buying an additional 3,782 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of CyberArk Software by 527.2% during the 1st quarter. Cetera Investment Advisers now owns 11,452 shares of the technology company’s stock worth $3,042,000 after buying an additional 9,626 shares during the last quarter. 91.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CYBR. UBS Group lifted their target price on CyberArk Software from $340.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Cantor Fitzgerald reissued an “overweight” rating and issued a $335.00 price objective on shares of CyberArk Software in a research report on Thursday, November 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $310.00 target price on shares of CyberArk Software in a research note on Friday, August 9th. Robert W. Baird boosted their price target on CyberArk Software from $315.00 to $355.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Wedbush increased their price target on CyberArk Software from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, October 1st. One analyst has rated the stock with a hold rating and twenty-six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $328.37.

CyberArk Software Stock Performance

NASDAQ:CYBR opened at $318.78 on Friday. The firm has a 50-day simple moving average of $294.26 and a two-hundred day simple moving average of $272.40. CyberArk Software Ltd. has a fifty-two week low of $192.57 and a fifty-two week high of $332.05. The firm has a market cap of $13.89 billion, a P/E ratio of 1,180.71 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.48. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The firm had revenue of $240.10 million for the quarter, compared to analysts’ expectations of $234.10 million. During the same period in the prior year, the firm earned ($0.31) EPS. The company’s revenue was up 25.6% compared to the same quarter last year. On average, equities research analysts predict that CyberArk Software Ltd. will post -0.62 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.