Brookstone Capital Management Purchases New Shares in CyberArk Software Ltd. (NASDAQ:CYBR)

Brookstone Capital Management acquired a new stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 606 shares of the technology company’s stock, valued at approximately $202,000.

Other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in CyberArk Software by 506.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,565 shares of the technology company’s stock worth $1,795,000 after acquiring an additional 5,483 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of CyberArk Software by 16.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,868 shares of the technology company’s stock worth $783,000 after purchasing an additional 399 shares during the period. Sei Investments Co. boosted its stake in shares of CyberArk Software by 6.1% in the second quarter. Sei Investments Co. now owns 105,583 shares of the technology company’s stock worth $28,868,000 after acquiring an additional 6,113 shares during the period. Ensign Peak Advisors Inc bought a new position in shares of CyberArk Software in the second quarter worth about $711,000. Finally, RGM Capital LLC grew its position in shares of CyberArk Software by 2.1% during the second quarter. RGM Capital LLC now owns 814,129 shares of the technology company’s stock worth $222,599,000 after purchasing an additional 16,530 shares in the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CYBR shares. Wedbush lifted their price objective on shares of CyberArk Software from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st. BTIG Research lifted their target price on CyberArk Software from $310.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. StockNews.com raised shares of CyberArk Software from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. JMP Securities reissued a “market outperform” rating and set a $360.00 target price on shares of CyberArk Software in a research note on Tuesday, January 14th. Finally, KeyCorp boosted their price target on CyberArk Software from $340.00 to $355.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $353.93.

CyberArk Software Stock Down 0.9 %

Shares of CyberArk Software stock opened at $352.22 on Monday. The firm has a market capitalization of $15.35 billion, a P/E ratio of 1,304.57 and a beta of 1.13. CyberArk Software Ltd. has a 52 week low of $223.09 and a 52 week high of $363.00. The company has a 50 day moving average price of $324.09 and a 200 day moving average price of $293.06.

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

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.