Hodges Capital Management Inc. boosted its stake in shares of Cyberark Software Ltd (NASDAQ:CYBR) by 190.3% in the 1st quarter, Holdings Channel reports. The firm owned 59,443 shares of the technology company’s stock after buying an additional 38,965 shares during the quarter. Hodges Capital Management Inc.’s holdings in Cyberark Software were worth $7,077,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cavalier Investments LLC acquired a new stake in shares of Cyberark Software in the fourth quarter valued at approximately $249,000. Davis R M Inc. lifted its position in shares of Cyberark Software by 3.9% in the fourth quarter. Davis R M Inc. now owns 237,266 shares of the technology company’s stock valued at $17,591,000 after buying an additional 8,807 shares during the last quarter. Raymond James & Associates lifted its position in shares of Cyberark Software by 50.8% in the fourth quarter. Raymond James & Associates now owns 21,266 shares of the technology company’s stock valued at $1,577,000 after buying an additional 7,164 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of Cyberark Software in the fourth quarter valued at approximately $1,051,000. Finally, Essex Investment Management Co. LLC lifted its position in shares of Cyberark Software by 23.4% in the fourth quarter. Essex Investment Management Co. LLC now owns 31,429 shares of the technology company’s stock valued at $2,330,000 after buying an additional 5,966 shares during the last quarter. 77.43% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:CYBR traded up $0.48 during mid-day trading on Monday, hitting $121.89. 737,362 shares of the stock were exchanged, compared to its average volume of 913,991. The stock has a market cap of $4.54 billion, a P/E ratio of 85.24, a PEG ratio of 5.25 and a beta of 1.87. Cyberark Software Ltd has a fifty-two week low of $51.68 and a fifty-two week high of $124.59.

Cyberark Software (NASDAQ:CYBR) last posted its quarterly earnings data on Thursday, February 14th. The technology company reported $0.89 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.30. Cyberark Software had a return on equity of 12.24% and a net margin of 13.72%. The firm had revenue of $109.10 million for the quarter, compared to analyst estimates of $95.94 million. During the same quarter last year, the company earned $0.41 EPS. The company’s revenue was up 35.7% on a year-over-year basis. As a group, equities research analysts predict that Cyberark Software Ltd will post 1.11 earnings per share for the current fiscal year.

CYBR has been the subject of a number of recent analyst reports. Morgan Stanley set a $126.00 price objective on Cyberark Software and gave the company a “buy” rating in a research report on Friday, February 15th. Evercore ISI reaffirmed a “buy” rating and issued a $96.00 price objective on shares of Cyberark Software in a research report on Wednesday, February 13th. BidaskClub cut Cyberark Software from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 11th. FBN Securities initiated coverage on Cyberark Software in a research report on Tuesday, March 19th. They issued an “outperform” rating and a $130.00 price objective for the company. Finally, Barclays reaffirmed a “hold” rating and issued a $112.00 price objective on shares of Cyberark Software in a research report on Friday, February 15th. Four research analysts have rated the stock with a hold rating, seventeen 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 an average target price of $91.36.

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

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