Pinnbrook Capital Management LP Grows Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Pinnbrook Capital Management LP raised its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 21.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,864 shares of the technology company’s stock after buying an additional 2,097 shares during the period. Pinnbrook Capital Management LP’s holdings in CyberArk Software were worth $3,952,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in CyberArk Software in the 4th quarter valued at about $25,000. Montag A & Associates Inc. boosted its position in CyberArk Software by 47.2% in the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock valued at $44,000 after buying an additional 42 shares during the period. Assetmark Inc. boosted its position in CyberArk Software by 1,025.0% in the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after buying an additional 123 shares during the period. Brown Lisle Cummings Inc. purchased a new stake in CyberArk Software in the 4th quarter valued at about $50,000. Finally, Transcendent Capital Group LLC bought a new stake in shares of CyberArk Software in the 3rd quarter valued at about $51,000. 91.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on CYBR. Barclays boosted their price target on shares of CyberArk Software from $375.00 to $450.00 and gave the company an “overweight” rating in a report on Friday. Wells Fargo & Company boosted their price target on shares of CyberArk Software from $425.00 to $500.00 and gave the company an “overweight” rating in a report on Friday. DA Davidson boosted their price target on shares of CyberArk Software from $360.00 to $390.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Morgan Stanley boosted their price target on shares of CyberArk Software from $316.00 to $390.00 and gave the company an “equal weight” rating in a report on Friday. Finally, Susquehanna boosted their price objective on shares of CyberArk Software from $320.00 to $345.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. Two analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $401.67.

CyberArk Software Price Performance

CYBR stock opened at $413.31 on Tuesday. The firm’s fifty day simple moving average is $349.78 and its 200-day simple moving average is $309.64. CyberArk Software Ltd. has a 12 month low of $223.09 and a 12 month high of $419.49. The company has a market capitalization of $18.01 billion, a P/E ratio of 1,530.83 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.85). CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. As a group, sell-side analysts forecast that CyberArk Software Ltd. will post -0.58 earnings per share for the current year.

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.