MetLife Investment Management LLC Has $1.67 Million Position in CyberArk Software Ltd. (NASDAQ:CYBR)

MetLife Investment Management LLC increased its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 28.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,000 shares of the technology company's stock after purchasing an additional 1,100 shares during the period. MetLife Investment Management LLC's holdings in CyberArk Software were worth $1,666,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CHURCHILL MANAGEMENT Corp acquired a new position in shares of CyberArk Software in the fourth quarter valued at approximately $764,000. China Universal Asset Management Co. Ltd. purchased a new position in CyberArk Software during the fourth quarter worth about $1,166,000. Spire Wealth Management boosted its holdings in CyberArk Software by 236.8% in the 4th quarter. Spire Wealth Management now owns 4,756 shares of the technology company's stock valued at $1,584,000 after purchasing an additional 3,344 shares in the last quarter. Geneos Wealth Management Inc. increased its position in CyberArk Software by 9.7% during the 4th quarter. Geneos Wealth Management Inc. now owns 11,576 shares of the technology company's stock worth $3,857,000 after purchasing an additional 1,024 shares during the period. Finally, Silverleafe Capital Partners LLC acquired a new position in CyberArk Software during the 4th quarter worth approximately $799,000. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Trading Up 1.5 %

NASDAQ:CYBR traded up $5.18 during midday trading on Friday, hitting $357.28. 340,198 shares of the stock were exchanged, compared to its average volume of 530,354. The business has a 50-day moving average price of $340.39 and a two-hundred day moving average price of $335.88. The company has a market capitalization of $17.66 billion, a price-to-earnings ratio of -183.22 and a beta of 0.99. CyberArk Software Ltd. has a one year low of $223.41 and a one year high of $421.00.

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

Wall Street Analyst Weigh In

CYBR has been the topic of several research analyst reports. Canaccord Genuity Group boosted their target price on shares of CyberArk Software from $330.00 to $440.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. KeyCorp dropped their target price on shares of CyberArk Software from $485.00 to $425.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Wells Fargo & Company upped their price target on CyberArk Software from $425.00 to $500.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Oppenheimer lifted their price objective on CyberArk Software from $360.00 to $420.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. Finally, Barclays cut their price target on CyberArk Software from $450.00 to $405.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Two investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $415.18.

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.