Cim LLC boosted its position in shares of Cyberark Software Ltd (NASDAQ:CYBR) by 387.0% in the 1st quarter, Holdings Channel reports. The firm owned 13,246 shares of the technology company’s stock after buying an additional 10,526 shares during the quarter. Cyberark Software makes up about 0.6% of Cim LLC’s portfolio, making the stock its 26th largest position. Cim LLC’s holdings in Cyberark Software were worth $1,577,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Cerebellum GP LLC bought a new position in shares of Cyberark Software during the fourth quarter worth about $41,000. Optimum Investment Advisors purchased a new position in Cyberark Software in the fourth quarter worth about $44,000. Quantamental Technologies LLC purchased a new position in Cyberark Software in the fourth quarter worth about $59,000. Valeo Financial Advisors LLC grew its position in Cyberark Software by 910.0% in the first quarter. Valeo Financial Advisors LLC now owns 505 shares of the technology company’s stock worth $60,000 after acquiring an additional 455 shares in the last quarter. Finally, Duncker Streett & Co. Inc. purchased a new position in Cyberark Software in the first quarter worth about $60,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

Shares of Cyberark Software stock traded up $2.47 on Wednesday, hitting $125.47. 17,561 shares of the company traded hands, compared to its average volume of 719,003. Cyberark Software Ltd has a 52 week low of $57.77 and a 52 week high of $133.49. The company has a market capitalization of $4.47 billion, a PE ratio of 88.39, a P/E/G ratio of 5.33 and a beta of 1.87.

Cyberark Software (NASDAQ:CYBR) last posted its quarterly earnings results on Tuesday, May 14th. The technology company reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.33. Cyberark Software had a net margin of 13.72% and a return on equity of 12.24%. The firm had revenue of $95.94 million during the quarter, compared to the consensus estimate of $92.42 million. During the same quarter in the previous year, the firm posted $0.32 earnings per share. The company’s revenue was up 33.7% on a year-over-year basis. As a group, research analysts expect that Cyberark Software Ltd will post 1.11 earnings per share for the current year.

Several research firms recently commented on CYBR. Wedbush lifted their price target on Cyberark Software to $140.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. UBS Group lowered Cyberark Software from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $119.00 to $132.00 in a research report on Thursday, April 25th. Mizuho boosted their target price on Cyberark Software from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday. Citigroup restated an “outperform” rating and set a $130.00 target price (up previously from $111.00) on shares of Cyberark Software in a research report on Wednesday. Finally, Morgan Stanley boosted their target price on Cyberark Software from $133.00 to $146.00 and gave the company an “overweight” rating in a research report on Wednesday. Four research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Cyberark Software has an average rating of “Buy” and a consensus target price of $107.55.

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About Cyberark Software

CyberArk Software Ltd., together with its subsidiaries, provides software-based security solutions and services for organizations to safeguard and monitor their privileged accounts. The company's solutions include Core Privileged Access Security for risk-based credential security and session management with add-on options for least privilege server and domain controller protection; Application Access Manager for secrets management for applications, tools, containers, and DevOps; and Endpoint Privilege Manager for least privilege and credential theft protection for workstations.

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Institutional Ownership by Quarter for Cyberark Software (NASDAQ:CYBR)

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