Senvest Management LLC Boosts Stake in CyberArk Software Ltd. (CYBR)

Senvest Management LLC grew its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 87.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 401,739 shares of the technology company’s stock after buying an additional 187,239 shares during the quarter. Senvest Management LLC owned 1.16% of CyberArk Software worth $16,471,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CYBR. BT Investment Management Ltd purchased a new position in CyberArk Software in the 2nd quarter worth $92,355,000. Matrix Capital Management Company LP purchased a new position in CyberArk Software in the 2nd quarter worth $74,650,000. ETF Managers Group LLC purchased a new position in CyberArk Software in the 2nd quarter worth $44,112,000. Epoch Investment Partners Inc. purchased a new position in CyberArk Software in the 2nd quarter worth $37,195,000. Finally, Marshall Wace North America L.P. raised its position in CyberArk Software by 29.6% in the 2nd quarter. Marshall Wace North America L.P. now owns 1,434,065 shares of the technology company’s stock worth $71,703,000 after purchasing an additional 327,794 shares during the period. Hedge funds and other institutional investors own 77.08% of the company’s stock.

A number of equities analysts recently commented on CYBR shares. Stifel Nicolaus reiterated a “buy” rating and issued a $55.00 target price on shares of CyberArk Software in a research report on Friday, November 3rd. Piper Jaffray Companies set a $47.00 target price on shares of CyberArk Software and gave the stock a “buy” rating in a research report on Monday, October 16th. Needham & Company LLC reiterated a “buy” rating and issued a $55.00 target price on shares of CyberArk Software in a research report on Tuesday, September 12th. Evercore ISI set a $56.00 target price on shares of CyberArk Software and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Finally, Summit Redstone upgraded shares of CyberArk Software from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $49.91.

Shares of CyberArk Software Ltd. (NASDAQ CYBR) opened at $46.48 on Monday. The stock has a market cap of $1,614.79, a price-to-earnings ratio of 72.63, a price-to-earnings-growth ratio of 3.81 and a beta of 2.59. CyberArk Software Ltd. has a twelve month low of $39.34 and a twelve month high of $55.65.

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CyberArk Software Company Profile

CyberArk Software Ltd is an Israel-based provider of information technology (IT) security solutions that protects organizations from cyber-attacks. The Company’s software solutions are focused on protecting privileged accounts, which have become a critical target in the lifecycle of cyber-attacks. The Company’s Privileged Account Security Solution consists of various products, such as Shares Technology Platform, Enterprise Password Vault, SSH Key Manager, Privileged Session Manager, Privileged Threat Analytics, Application Identity Manager, CyberArk-Conjur, Endpoint Privilege Manager and On-Demand Privileges Manager.

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Institutional Ownership by Quarter for CyberArk Software (NASDAQ:CYBR)

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