Lansforsakringar Fondforvaltning AB publ Buys New Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 9,325 shares of the technology company's stock, valued at approximately $3,107,000.

Several other hedge funds also recently modified their holdings of CYBR. TD Private Client Wealth LLC boosted its position in CyberArk Software by 79.1% in the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock worth $26,000 after purchasing an additional 34 shares during the last quarter. Plato Investment Management Ltd purchased a new position in CyberArk Software in the fourth quarter worth $39,000. Graney & King LLC purchased a new position in shares of CyberArk Software during the 4th quarter valued at $43,000. Montag A & Associates Inc. lifted its position in shares of CyberArk Software by 47.2% during the 4th 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. Finally, Coppell Advisory Solutions LLC lifted its position in shares of CyberArk Software by 325.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 149 shares of the technology company's stock valued at $48,000 after buying an additional 114 shares during the last quarter. Hedge funds and other institutional investors own 91.84% of the company's stock.

CyberArk Software Price Performance

NASDAQ CYBR traded up $0.24 during trading on Tuesday, reaching $394.07. The company's stock had a trading volume of 466,959 shares, compared to its average volume of 549,934. The stock has a market capitalization of $19.48 billion, a PE ratio of -202.09 and a beta of 0.99. The firm has a fifty day moving average of $350.53 and a 200 day moving average of $347.99. CyberArk Software Ltd. has a one year low of $228.10 and a one year high of $421.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The technology company reported $0.98 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $317.60 million during the quarter, compared to analysts' expectations of $305.57 million. During the same period in the prior year, the business earned $0.75 EPS. The company's revenue for the quarter was up 43.3% compared to the same quarter last year. Research analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on CYBR. Barclays reaffirmed an "overweight" rating on shares of CyberArk Software in a research report on Tuesday, May 13th. DA Davidson upped their price target on CyberArk Software from $415.00 to $435.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Wells Fargo & Company upped their price target on CyberArk Software from $425.00 to $500.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Truist Financial dropped their price target on CyberArk Software from $450.00 to $425.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Finally, KeyCorp dropped their price target on CyberArk Software from $485.00 to $425.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Two research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.