Hilton Capital Management LLC Has $1.96 Million Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Hilton Capital Management LLC lessened its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 34.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 6,726 shares of the technology company’s stock after selling 3,550 shares during the quarter. Hilton Capital Management LLC’s holdings in CyberArk Software were worth $1,961,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Jennison Associates LLC increased its holdings in CyberArk Software by 0.8% in the third quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company’s stock valued at $353,386,000 after purchasing an additional 9,570 shares during the last quarter. RGM Capital LLC increased its holdings in shares of CyberArk Software by 2.1% in the second quarter. RGM Capital LLC now owns 814,129 shares of the technology company’s stock worth $222,599,000 after acquiring an additional 16,530 shares in the last quarter. Whale Rock Capital Management LLC increased its holdings in shares of CyberArk Software by 21.6% in the first 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 in the last quarter. Swedbank AB increased its holdings in shares of CyberArk Software by 11.1% in the third quarter. Swedbank AB now owns 457,899 shares of the technology company’s stock worth $133,528,000 after acquiring an additional 45,799 shares in the last quarter. Finally, 1832 Asset Management L.P. increased its holdings in shares of CyberArk Software by 1,291.7% in the first quarter. 1832 Asset Management L.P. now owns 386,365 shares of the technology company’s stock worth $102,630,000 after acquiring an additional 358,602 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Mizuho increased their price target on CyberArk Software from $310.00 to $325.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Wells Fargo & Company increased their price objective on CyberArk Software from $300.00 to $350.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Oppenheimer increased their price objective on CyberArk Software from $310.00 to $360.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Jefferies Financial Group increased their price objective on CyberArk Software from $315.00 to $330.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Finally, Stifel Nicolaus increased their price objective on CyberArk Software from $306.00 to $335.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat.com, CyberArk Software has a consensus rating of “Moderate Buy” and an average target price of $328.37.

CyberArk Software Stock Up 3.0 %

CYBR opened at $315.00 on Wednesday. The stock has a market cap of $13.72 billion, a price-to-earnings ratio of 1,166.71 and a beta of 1.13. CyberArk Software Ltd. has a 12-month low of $186.96 and a 12-month high of $318.16. The business has a 50 day moving average of $285.98 and a 200-day moving average of $268.00.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.48. The company had revenue of $240.10 million for the quarter, compared to analyst estimates of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The firm’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.31) earnings per share. As a group, analysts expect that CyberArk Software Ltd. will post -0.99 earnings per share for the current 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.