TimesSquare Capital Management LLC Decreases Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

TimesSquare Capital Management LLC trimmed its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 7.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 535,548 shares of the technology company’s stock after selling 40,941 shares during the quarter. CyberArk Software makes up approximately 2.3% of TimesSquare Capital Management LLC’s portfolio, making the stock its largest holding. TimesSquare Capital Management LLC’s holdings in CyberArk Software were worth $156,171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Transcendent Capital Group LLC bought a new position in shares of CyberArk Software during the 3rd quarter valued at about $51,000. Assetmark Inc. raised its holdings in shares of CyberArk Software by 1,025.0% during the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after acquiring an additional 123 shares in the last quarter. Verdence Capital Advisors LLC bought a new position in shares of CyberArk Software during the 3rd quarter valued at approximately $234,000. Crumly & Associates Inc. purchased a new position in shares of CyberArk Software in the third quarter valued at $491,000. Finally, Portside Wealth Group LLC increased its position in CyberArk Software by 11.6% in the third quarter. Portside Wealth Group LLC now owns 1,135 shares of the technology company’s stock worth $331,000 after purchasing an additional 118 shares during the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Trading Down 0.5 %

CYBR opened at $294.61 on Friday. The firm has a market cap of $12.84 billion, a price-to-earnings ratio of -920.66 and a beta of 1.13. CyberArk Software Ltd. has a 12 month low of $181.02 and a 12 month high of $308.63. The stock has a fifty day moving average price of $282.76 and a 200-day moving average price of $265.34.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Thursday, August 8th. The technology company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.14. CyberArk Software had a negative net margin of 1.53% and a negative return on equity of 0.21%. The business had revenue of $224.71 million during the quarter, compared to the consensus estimate of $219.06 million. During the same period in the previous year, the company posted ($0.58) earnings per share. The firm’s revenue was up 27.8% on a year-over-year basis. On average, equities research analysts forecast that CyberArk Software Ltd. will post -1.05 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CYBR shares. BTIG Research upped their target price on shares of CyberArk Software from $310.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Needham & Company LLC reiterated a “buy” rating and set a $310.00 price target on shares of CyberArk Software in a report on Friday, August 9th. Citigroup upped their target price on CyberArk Software from $305.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, August 9th. KeyCorp raised their price target on CyberArk Software from $310.00 to $340.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Finally, Jefferies Financial Group upped their price objective on CyberArk Software from $315.00 to $330.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. One equities research analyst has rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat.com, CyberArk Software has an average rating of “Moderate Buy” and a consensus price target of $311.44.

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.