Soros Fund Management LLC Takes Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Soros Fund Management LLC acquired a new stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 140,318 shares of the technology company’s stock, valued at approximately $46,747,000. CyberArk Software comprises approximately 0.7% of Soros Fund Management LLC’s portfolio, making the stock its 28th biggest holding. Soros Fund Management LLC owned about 0.32% of CyberArk Software at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of CyberArk Software in the fourth quarter valued at about $25,000. TD Private Client Wealth LLC lifted its position in shares of CyberArk Software by 79.1% in the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock worth $26,000 after buying an additional 34 shares during the last quarter. Plato Investment Management Ltd bought a new stake in shares of CyberArk Software in the 4th quarter worth approximately $39,000. Graney & King LLC acquired a new position in shares of CyberArk Software during the fourth quarter worth approximately $43,000. Finally, Montag A & Associates Inc. grew its stake in shares of CyberArk Software by 47.2% in the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock worth $44,000 after purchasing an additional 42 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CYBR shares. Morgan Stanley dropped their price target on CyberArk Software from $390.00 to $380.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Wells Fargo & Company increased their price objective on CyberArk Software from $425.00 to $500.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Rosenblatt Securities reiterated a “buy” rating and set a $445.00 price target on shares of CyberArk Software in a research note on Wednesday, February 26th. Canaccord Genuity Group raised their target price on shares of CyberArk Software from $330.00 to $440.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Finally, Stephens initiated coverage on CyberArk Software in a report on Tuesday, April 1st. They set an “overweight” rating and a $440.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $415.18.

CyberArk Software Stock Performance

CYBR stock opened at $347.10 on Tuesday. The firm has a market cap of $17.16 billion, a PE ratio of -178.00 and a beta of 1.00. CyberArk Software Ltd. has a one year low of $223.41 and a one year high of $421.00. The firm’s 50 day moving average price is $342.69 and its 200-day moving average price is $334.80.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.85). CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. Equities research analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

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.