Quadrature Capital Ltd Invests $2.74 Million in CyberArk Software Ltd. (NASDAQ:CYBR)

Quadrature Capital Ltd bought a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) during the first quarter, Holdings Channel.com reports. The fund bought 10,331 shares of the technology company’s stock, valued at approximately $2,741,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CYBR. Jennison Associates LLC increased its position in shares of CyberArk Software by 81.4% during the fourth quarter. Jennison Associates LLC now owns 1,053,964 shares of the technology company’s stock worth $230,871,000 after purchasing an additional 472,961 shares in the last quarter. Norges Bank acquired a new stake in shares of CyberArk Software during the fourth quarter worth about $100,797,000. Global Assets Advisory LLC acquired a new stake in shares of CyberArk Software during the first quarter worth about $67,736,000. Contour Asset Management LLC acquired a new stake in shares of CyberArk Software during the fourth quarter worth about $48,605,000. Finally, Trivest Advisors Ltd acquired a new stake in shares of CyberArk Software during the fourth quarter worth about $28,861,000. Institutional investors and hedge funds own 91.84% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Bank of America reiterated a “buy” rating and set a $315.00 target price on shares of CyberArk Software in a research report on Wednesday, April 24th. Cantor Fitzgerald restated an “overweight” rating and issued a $300.00 price target on shares of CyberArk Software in a research report on Monday, July 22nd. Rosenblatt Securities restated a “buy” rating and issued a $310.00 price target on shares of CyberArk Software in a research report on Wednesday, May 1st. Guggenheim restated a “buy” rating and issued a $300.00 price target on shares of CyberArk Software in a research report on Tuesday, June 25th. Finally, Wedbush restated an “outperform” rating and issued a $285.00 price target on shares of CyberArk Software in a research report on Friday, May 3rd. Two equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $280.63.

CyberArk Software Trading Up 0.3 %

Shares of NASDAQ:CYBR traded up $0.82 during trading on Friday, hitting $257.68. 222,606 shares of the stock were exchanged, compared to its average volume of 417,278. The company has a fifty day moving average price of $255.56 and a two-hundred day moving average price of $250.91. The company has a market cap of $10.89 billion, a PE ratio of -402.63 and a beta of 1.14. CyberArk Software Ltd. has a 12-month low of $142.92 and a 12-month high of $284.10.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.16 EPS for the quarter, topping the consensus estimate of ($0.51) by $0.67. The business had revenue of $221.55 million for the quarter, compared to analyst estimates of $213.42 million. CyberArk Software had a negative return on equity of 2.51% and a negative net margin of 3.20%. Equities research analysts anticipate that CyberArk Software Ltd. will post -1.24 earnings per share for the current fiscal 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.