Ensign Peak Advisors Inc Increases Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

Ensign Peak Advisors Inc raised its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 84.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,450 shares of the technology company's stock after purchasing an additional 2,500 shares during the quarter. Ensign Peak Advisors Inc's holdings in CyberArk Software were worth $1,816,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of CyberArk Software in the fourth quarter valued at about $25,000. TD Private Client Wealth LLC increased its holdings in shares of CyberArk Software by 79.1% during 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 in the last quarter. Plato Investment Management Ltd acquired a new position in shares of CyberArk Software during the fourth quarter valued at about $39,000. Graney & King LLC purchased a new stake in CyberArk Software in the fourth quarter valued at approximately $43,000. Finally, Montag A & Associates Inc. boosted its position in CyberArk Software by 47.2% in the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock valued at $44,000 after buying an additional 42 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors.

CyberArk Software Trading Down 1.6%

CyberArk Software stock traded down $5.71 during midday trading on Monday, reaching $349.29. 576,535 shares of the stock traded hands, compared to its average volume of 543,166. The company has a 50-day simple moving average of $343.15 and a two-hundred day simple moving average of $341.35. CyberArk Software Ltd. has a 12-month low of $223.41 and a 12-month high of $421.00. The firm has a market cap of $17.26 billion, a PE ratio of -179.12 and a beta of 0.99.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its earnings results on Tuesday, May 13th. The technology company reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.19. The company had revenue of $317.60 million during the quarter, compared to analysts' expectations of $305.57 million. CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. CyberArk Software's revenue for the quarter was up 43.3% on a year-over-year basis. During the same period last year, the business posted $0.75 EPS. Equities research analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on CYBR. Royal Bank of Canada restated an "outperform" rating and issued a $420.00 price objective on shares of CyberArk Software in a research report on Tuesday, May 13th. StockNews.com lowered shares of CyberArk Software from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Truist Financial dropped their target price on shares of CyberArk Software from $450.00 to $425.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Needham & Company LLC restated a "buy" rating and set a $480.00 price target on shares of CyberArk Software in a research report on Thursday, March 20th. Finally, JMP Securities lifted their price objective on CyberArk Software from $390.00 to $480.00 and gave the stock a "market outperform" rating in a report on Friday, February 14th. Two analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $415.71.

CyberArk Software 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.