Jaffetilchin Investment Partners LLC Has $479,000 Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

Jaffetilchin Investment Partners LLC reduced its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 10.0% in the 1st quarter, HoldingsChannel.com reports. The firm owned 1,804 shares of the technology company’s stock after selling 200 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in CyberArk Software were worth $479,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in CYBR. Jennison Associates LLC grew its position in shares of CyberArk Software by 81.4% during the 4th quarter. Jennison Associates LLC now owns 1,053,964 shares of the technology company’s stock worth $230,871,000 after purchasing an additional 472,961 shares in the last quarter. Norges Bank acquired a new stake in CyberArk Software during the fourth quarter worth approximately $100,797,000. Whale Rock Capital Management LLC increased its stake in CyberArk Software by 21.6% during the 1st quarter. Whale Rock Capital Management LLC now owns 459,828 shares of the technology company’s stock worth $122,144,000 after acquiring an additional 81,801 shares during the period. Acadian Asset Management LLC increased its stake in CyberArk Software by 38.2% during the 1st quarter. Acadian Asset Management LLC now owns 405,375 shares of the technology company’s stock worth $107,642,000 after acquiring an additional 112,112 shares during the period. Finally, 1832 Asset Management L.P. raised its holdings in CyberArk Software by 1,291.7% in the 1st quarter. 1832 Asset Management L.P. now owns 386,365 shares of the technology company’s stock valued at $102,630,000 after acquiring an additional 358,602 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on CYBR shares. Cantor Fitzgerald restated an “overweight” rating and issued a $300.00 price target on shares of CyberArk Software in a research report on Monday, July 22nd. Barclays raised their target price on shares of CyberArk Software from $280.00 to $315.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Canaccord Genuity Group cut their price target on shares of CyberArk Software from $300.00 to $280.00 and set a “buy” rating for the company in a report on Tuesday, June 4th. JMP Securities reiterated a “market outperform” rating and set a $310.00 price target on shares of CyberArk Software in a research report on Monday, June 17th. Finally, Rosenblatt Securities restated a “buy” rating and set a $310.00 price objective on shares of CyberArk Software in a research report on Wednesday, May 1st. Two equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $280.63.

CyberArk Software Stock Down 0.5 %

Shares of CYBR stock traded down $1.28 during trading hours on Thursday, hitting $255.10. 455,753 shares of the company’s stock traded hands, compared to its average volume of 546,085. The stock has a market cap of $10.78 billion, a PE ratio of -402.03 and a beta of 1.14. The stock’s 50 day simple moving average is $256.19 and its 200 day simple moving average is $251.66. CyberArk Software Ltd. has a 12 month low of $142.92 and a 12 month high of $284.10.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Thursday, May 2nd. The technology company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.51) by $0.67. CyberArk Software had a negative return on equity of 2.51% and a negative net margin of 3.20%. The business had revenue of $221.55 million during the quarter, compared to analyst estimates of $213.42 million. As a group, equities research analysts expect that CyberArk Software Ltd. will post -1.24 EPS for the current fiscal year.

CyberArk Software 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.