Polar Capital Holdings Plc lessened its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 30.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 602,232 shares of the technology company's stock after selling 265,903 shares during the quarter. CyberArk Software makes up about 1.1% of Polar Capital Holdings Plc's portfolio, making the stock its 16th biggest holding. Polar Capital Holdings Plc owned approximately 1.38% of CyberArk Software worth $200,634,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of CyberArk Software in the fourth quarter worth about $203,375,000. Nepsis Inc. raised its holdings in CyberArk Software by 882.4% in the 4th quarter. Nepsis Inc. now owns 562,327 shares of the technology company's stock valued at $187,339,000 after acquiring an additional 505,088 shares during the last quarter. Jennison Associates LLC lifted its stake in CyberArk Software by 32.3% in the 4th quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company's stock worth $534,287,000 after purchasing an additional 391,900 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of CyberArk Software by 195.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 508,355 shares of the technology company's stock worth $170,614,000 after purchasing an additional 336,462 shares during the last quarter. Finally, Alyeska Investment Group L.P. acquired a new position in shares of CyberArk Software during the 4th quarter worth approximately $72,842,000. Institutional investors and hedge funds own 91.84% of the company's stock.
CyberArk Software Trading Down 1.8%
Shares of NASDAQ CYBR opened at $354.76 on Thursday. CyberArk Software Ltd. has a 1-year low of $223.41 and a 1-year high of $421.00. The firm has a market capitalization of $17.53 billion, a P/E ratio of -181.93 and a beta of 0.99. The firm's 50-day moving average price is $341.83 and its 200-day moving average price is $339.56.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates 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%. Equities research analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current year.
Wall Street Analyst Weigh In
CYBR has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price target on shares of CyberArk Software from $375.00 to $431.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $400.00 price objective on shares of CyberArk Software in a research report on Tuesday. Morgan Stanley restated an "equal weight" rating on shares of CyberArk Software in a research report on Tuesday. Rosenblatt Securities reiterated a "buy" rating and set a $445.00 price target on shares of CyberArk Software in a report on Tuesday. Finally, Stephens began coverage on CyberArk Software in a research note on Tuesday, April 1st. They set an "overweight" rating and a $440.00 target price on the stock. Two analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $415.71.
Check Out Our Latest Stock Report on CYBR
CyberArk Software Company Profile
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Free Report)
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.
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