31,000 Shares in Cyberark Software Ltd (CYBR) Purchased by Jafra Capital Management LP
Jafra Capital Management LP bought a new position in shares of Cyberark Software Ltd (NASDAQ:CYBR) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 31,000 shares of the technology company’s stock, valued at approximately $1,952,000. Jafra Capital Management LP owned 0.09% of Cyberark Software at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CYBR. Vaughan Nelson Investment Management L.P. bought a new stake in Cyberark Software during the 1st quarter worth approximately $47,387,000. Acadian Asset Management LLC bought a new stake in shares of Cyberark Software during the second quarter valued at approximately $38,809,000. OppenheimerFunds Inc. bought a new stake in shares of Cyberark Software during the second quarter valued at approximately $38,220,000. Legal & General Group Plc raised its position in shares of Cyberark Software by 3,149.8% during the first quarter. Legal & General Group Plc now owns 383,903 shares of the technology company’s stock valued at $19,587,000 after buying an additional 372,090 shares during the last quarter. Finally, Hood River Capital Management LLC bought a new stake in shares of Cyberark Software during the second quarter valued at approximately $16,254,000. Institutional investors own 76.90% of the company’s stock.
Several equities research analysts have recently issued reports on CYBR shares. Barclays reduced their price objective on shares of Cyberark Software from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 12th. Zacks Investment Research upgraded shares of Cyberark Software from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a research report on Friday, August 10th. Bank of America lifted their price objective on shares of Cyberark Software from $63.00 to $73.00 and gave the company a “buy” rating in a research report on Thursday, June 14th. UBS Group lifted their price objective on shares of Cyberark Software from $64.00 to $71.00 and gave the company a “buy” rating in a research report on Thursday, June 7th. Finally, BidaskClub upgraded shares of Cyberark Software from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 30th. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $70.00.
Cyberark Software (NASDAQ:CYBR) last announced its quarterly earnings results on Tuesday, August 7th. The technology company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.12. Cyberark Software had a net margin of 6.80% and a return on equity of 7.67%. The company had revenue of $77.71 million for the quarter, compared to analysts’ expectations of $72.93 million. analysts forecast that Cyberark Software Ltd will post 0.76 EPS for the current fiscal year.
Cyberark Software Company Profile
CyberArk Software Ltd. develops, markets, and sells software-based security solutions that protect organizations from cyber attacks in the United States and internationally. The company offers privileged account security solution to secure, manage, and monitor account access and activities. Its privileged account security solution consists of Enterprise Password Vault that prevents user passwords and SSH keys; Privileged Session Manager that protects windows based systems, databases, virtual machines, network devices, Web sites, and SaaS applications; and Privileged Threat Analytics that enables to detect, alert, and respond to anomalous privileged activity.
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