Alyeska Investment Group L.P. Takes Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Alyeska Investment Group L.P. bought a new stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 218,647 shares of the technology company's stock, valued at approximately $72,842,000. Alyeska Investment Group L.P. owned about 0.50% of CyberArk Software at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. TD Private Client Wealth LLC boosted its position in shares of CyberArk Software by 79.1% in the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock valued at $26,000 after acquiring an additional 34 shares during the period. CenterBook Partners LP increased its stake in CyberArk Software by 2.4% in the 4th quarter. CenterBook Partners LP now owns 1,603 shares of the technology company's stock worth $534,000 after acquiring an additional 38 shares during the last quarter. Montag A & Associates Inc. raised its holdings in shares of CyberArk Software by 47.2% in the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock valued at $44,000 after acquiring an additional 42 shares in the last quarter. Venturi Wealth Management LLC boosted its position in shares of CyberArk Software by 6.9% during the 4th quarter. Venturi Wealth Management LLC now owns 805 shares of the technology company's stock valued at $268,000 after acquiring an additional 52 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in shares of CyberArk Software by 1.4% during the fourth quarter. Daiwa Securities Group Inc. now owns 3,827 shares of the technology company's stock worth $1,275,000 after purchasing an additional 53 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CYBR shares. JMP Securities raised their price objective on CyberArk Software from $390.00 to $480.00 and gave the company a "market outperform" rating in a report on Friday, February 14th. Cantor Fitzgerald reissued an "overweight" rating and set a $400.00 price target on shares of CyberArk Software in a research note on Thursday, April 24th. DA Davidson cut their price objective on shares of CyberArk Software from $475.00 to $415.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Royal Bank of Canada reiterated an "outperform" rating and issued a $420.00 target price on shares of CyberArk Software in a research report on Friday, April 11th. Finally, Truist Financial cut their price target on shares of CyberArk Software from $450.00 to $425.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Two equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, CyberArk Software presently has a consensus rating of "Buy" and an average price target of $415.18.

CyberArk Software Trading Down 0.7 %

CYBR stock traded down $2.55 during mid-day trading on Tuesday, hitting $362.08. 587,160 shares of the company were exchanged, compared to its average volume of 529,152. CyberArk Software Ltd. has a twelve month low of $223.41 and a twelve month high of $421.00. The firm has a fifty day simple moving average of $340.40 and a 200 day simple moving average of $336.91. The company has a market capitalization of $17.90 billion, a PE ratio of -185.68 and a beta of 0.99.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.71 by ($0.85). CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. As a group, sell-side analysts anticipate that CyberArk Software Ltd. will post -0.47 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.