Zweig DiMenna Associates LLC Has $13.56 Million Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Zweig DiMenna Associates LLC boosted its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 119.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,700 shares of the technology company’s stock after acquiring an additional 22,165 shares during the period. CyberArk Software accounts for 1.0% of Zweig DiMenna Associates LLC’s investment portfolio, making the stock its 28th largest holding. Zweig DiMenna Associates LLC owned about 0.09% of CyberArk Software worth $13,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Whalen Wealth Management Inc. bought a new position in shares of CyberArk Software during the 4th quarter worth approximately $247,000. Janney Montgomery Scott LLC boosted its holdings in shares of CyberArk Software by 23.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 12,162 shares of the technology company’s stock worth $4,052,000 after buying an additional 2,346 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of CyberArk Software by 97.5% during the 4th quarter. SG Americas Securities LLC now owns 167,759 shares of the technology company’s stock worth $55,889,000 after buying an additional 82,812 shares in the last quarter. Sheets Smith Wealth Management boosted its holdings in shares of CyberArk Software by 3.0% during the 4th quarter. Sheets Smith Wealth Management now owns 2,962 shares of the technology company’s stock worth $987,000 after buying an additional 85 shares in the last quarter. Finally, MCF Advisors LLC boosted its holdings in shares of CyberArk Software by 1,577.3% during the 4th quarter. MCF Advisors LLC now owns 369 shares of the technology company’s stock worth $123,000 after buying an additional 347 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors.

CyberArk Software Trading Up 1.3 %

Shares of CYBR opened at $363.67 on Friday. The company has a market cap of $15.84 billion, a PE ratio of 1,346.96 and a beta of 1.13. CyberArk Software Ltd. has a 12-month low of $223.09 and a 12-month high of $364.18. The stock has a 50-day moving average price of $327.68 and a 200-day moving average price of $294.66.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.48. The company had revenue of $240.10 million for the quarter, compared to analysts’ expectations of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. CyberArk Software’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period last year, the firm posted ($0.31) EPS. As a group, analysts predict that CyberArk Software Ltd. will post -0.58 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Robert W. Baird increased their price target on CyberArk Software from $355.00 to $370.00 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. StockNews.com upgraded CyberArk Software from a “hold” rating to a “buy” rating in a report on Monday, December 9th. DA Davidson increased their target price on CyberArk Software from $360.00 to $390.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $335.00 target price on shares of CyberArk Software in a report on Thursday, November 14th. Finally, Barclays increased their target price on CyberArk Software from $330.00 to $335.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. Based on data from MarketBeat.com, CyberArk Software currently has a consensus rating of “Moderate Buy” and a consensus price target of $358.74.

CyberArk Software Company Profile

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.