DE Burlo Group Inc. Purchases New Holdings in Cyberark Software Ltd (CYBR)
DE Burlo Group Inc. purchased a new position in shares of Cyberark Software Ltd (NASDAQ:CYBR) in the first quarter, according to its most recent filing with the SEC. The firm purchased 94,500 shares of the technology company’s stock, valued at approximately $11,250,000. Cyberark Software accounts for 2.3% of DE Burlo Group Inc.’s portfolio, making the stock its 18th largest holding.
A number of other institutional investors have also modified their holdings of CYBR. Acadian Asset Management LLC raised its holdings in Cyberark Software by 2.1% during the 1st quarter. Acadian Asset Management LLC now owns 1,510,482 shares of the technology company’s stock valued at $179,824,000 after acquiring an additional 30,358 shares during the period. Catalyst Capital Advisors LLC bought a new stake in Cyberark Software during the 1st quarter valued at $661,000. Cambridge Investment Research Advisors Inc. bought a new stake in Cyberark Software during the 1st quarter valued at $547,000. National Asset Management Inc. purchased a new position in shares of Cyberark Software during the 1st quarter valued at $201,000. Finally, Global Retirement Partners LLC grew its position in Cyberark Software by 100.0% in the first quarter. Global Retirement Partners LLC now owns 400 shares of the technology company’s stock worth $48,000 after acquiring an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 74.07% of the company’s stock.
Several research analysts recently issued reports on the stock. Wedbush upped their target price on shares of Cyberark Software to $140.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. Zacks Investment Research lowered shares of Cyberark Software from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th. Mizuho assumed coverage on shares of Cyberark Software in a research report on Tuesday, March 26th. They issued a “buy” rating and a $135.00 target price for the company. Citigroup upped their target price on shares of Cyberark Software from $111.00 to $130.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 15th. Finally, BidaskClub upgraded shares of Cyberark Software from a “buy” rating to a “strong-buy” rating in a research report on Friday. Four research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. Cyberark Software presently has an average rating of “Buy” and a consensus target price of $107.55.
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, topping the consensus estimate of $0.23 by $0.33. The business had revenue of $95.94 million during the quarter, compared to the consensus estimate of $92.42 million. Cyberark Software had a net margin of 14.79% and a return on equity of 12.73%. The firm’s revenue for the quarter was up 33.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.32 earnings per share. On average, equities analysts anticipate that Cyberark Software Ltd will post 1.19 EPS for the current fiscal year.
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Cyberark Software Company Profile
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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