Ensign Peak Advisors Inc raised its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 84.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,450 shares of the technology company's stock after buying an additional 2,500 shares during the period. Ensign Peak Advisors Inc's holdings in CyberArk Software were worth $1,816,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Ewing Morris & Co. Investment Partners Ltd. bought a new stake in shares of CyberArk Software during the 4th quarter worth $300,000. FWL Investment Management LLC boosted its holdings in CyberArk Software by 29.4% during the fourth quarter. FWL Investment Management LLC now owns 30,078 shares of the technology company's stock valued at $10,020,000 after acquiring an additional 6,826 shares during the period. Driehaus Capital Management LLC boosted its holdings in CyberArk Software by 31.5% during the fourth quarter. Driehaus Capital Management LLC now owns 478,096 shares of the technology company's stock valued at $159,278,000 after acquiring an additional 114,622 shares during the period. EP Wealth Advisors LLC grew its position in shares of CyberArk Software by 10.1% in the fourth quarter. EP Wealth Advisors LLC now owns 830 shares of the technology company's stock valued at $277,000 after purchasing an additional 76 shares during the last quarter. Finally, Crestline Management LP increased its stake in shares of CyberArk Software by 10.6% in the fourth quarter. Crestline Management LP now owns 36,891 shares of the technology company's stock worth $12,290,000 after purchasing an additional 3,533 shares during the period. Institutional investors and hedge funds own 91.84% of the company's stock.
CyberArk Software Trading Up 0.2%
Shares of CYBR traded up $0.83 on Wednesday, reaching $356.09. 115,995 shares of the company's stock were exchanged, compared to its average volume of 540,096. The business has a 50 day moving average price of $344.03 and a two-hundred day moving average price of $341.96. CyberArk Software Ltd. has a 12 month low of $223.41 and a 12 month high of $421.00. The stock has a market capitalization of $17.60 billion, a P/E ratio of -182.67 and a beta of 0.99.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The technology company reported $0.98 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.19. CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. The company had revenue of $317.60 million for the quarter, compared to the consensus estimate of $305.57 million. During the same quarter in the prior year, the business posted $0.75 EPS. The firm's quarterly revenue was up 43.3% on a year-over-year basis. Equities research analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current year.
Analysts Set New Price Targets
A number of research firms have issued reports on CYBR. Needham & Company LLC reaffirmed a "buy" rating and issued a $480.00 target price on shares of CyberArk Software in a report on Thursday, March 20th. Cantor Fitzgerald restated an "overweight" rating and issued a $400.00 price objective on shares of CyberArk Software in a research note on Tuesday, May 13th. Scotiabank upped their target price on shares of CyberArk Software from $340.00 to $400.00 and gave the company a "sector outperform" rating in a research note on Tuesday, January 21st. Guggenheim restated a "buy" rating and set a $455.00 price objective on shares of CyberArk Software in a report on Tuesday, February 25th. Finally, Barclays reiterated an "overweight" rating on shares of CyberArk Software in a research note on Tuesday, May 13th. Two research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $415.71.
View Our Latest Report on CYBR
About CyberArk Software
(
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.
Further Reading
Before you consider CyberArk Software, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CyberArk Software wasn't on the list.
While CyberArk Software currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
