Kornitzer Capital Management Inc. KS Has $9.97 Million Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Kornitzer Capital Management Inc. KS increased its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 193.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,500 shares of the technology company’s stock after acquiring an additional 30,000 shares during the quarter. Kornitzer Capital Management Inc. KS owned about 0.11% of CyberArk Software worth $9,967,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CYBR. 1832 Asset Management L.P. bought a new stake in CyberArk Software during the 4th quarter valued at approximately $33,000. Assetmark Inc. increased its position in CyberArk Software by 62.1% during the third quarter. Assetmark Inc. now owns 248 shares of the technology company’s stock worth $41,000 after acquiring an additional 95 shares during the period. UniSuper Management Pty Ltd acquired a new position in CyberArk Software during the 2nd quarter valued at $47,000. Desjardins Global Asset Management Inc. boosted its holdings in CyberArk Software by 22.1% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 282 shares of the technology company’s stock valued at $62,000 after purchasing an additional 51 shares during the period. Finally, Ronald Blue Trust Inc. grew its position in CyberArk Software by 250.4% in the 3rd quarter. Ronald Blue Trust Inc. now owns 466 shares of the technology company’s stock worth $73,000 after purchasing an additional 333 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors.

CyberArk Software Stock Down 1.4 %

CYBR stock traded down $3.38 during trading on Friday, hitting $233.71. The company had a trading volume of 437,750 shares, compared to its average volume of 329,852. The firm has a 50-day moving average price of $258.35 and a 200-day moving average price of $220.63. CyberArk Software Ltd. has a 12 month low of $120.11 and a 12 month high of $283.00. The stock has a market cap of $9.88 billion, a price-to-earnings ratio of -144.26 and a beta of 1.05.

CyberArk Software (NASDAQ:CYBR) last released its earnings results on Thursday, February 8th. The technology company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.53. CyberArk Software had a negative return on equity of 8.23% and a negative net margin of 8.84%. The company had revenue of $223.10 million during the quarter, compared to the consensus estimate of $209.65 million. Equities analysts expect that CyberArk Software Ltd. will post -1.46 EPS for the current year.

Wall Street Analysts Forecast Growth

CYBR has been the subject of several research reports. Citigroup increased their target price on shares of CyberArk Software from $215.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Needham & Company LLC boosted their price objective on CyberArk Software from $245.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Truist Financial upped their target price on CyberArk Software from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Cantor Fitzgerald reiterated an “overweight” rating and set a $300.00 price target on shares of CyberArk Software in a research note on Wednesday. Finally, JMP Securities lifted their target price on shares of CyberArk Software from $195.00 to $280.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 31st. Two equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $258.54.

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.