Assenagon Asset Management S.A. Has $45.74 Million Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Assenagon Asset Management S.A. raised its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 574.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 135,328 shares of the technology company's stock after acquiring an additional 115,260 shares during the period. Assenagon Asset Management S.A. owned approximately 0.27% of CyberArk Software worth $45,741,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CYBR. TD Private Client Wealth LLC grew its position in 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 during the period. Whipplewood Advisors LLC lifted its stake in shares of CyberArk Software by 135.3% during the first quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock worth $27,000 after purchasing an additional 46 shares in the last quarter. Plato Investment Management Ltd acquired a new position in shares of CyberArk Software during the fourth quarter worth about $39,000. Graney & King LLC acquired a new position in shares of CyberArk Software during the fourth quarter worth about $43,000. Finally, Montag A & Associates Inc. lifted its stake in shares of CyberArk Software by 47.2% in the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock worth $44,000 after acquiring an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company's stock.

Wall Street Analysts Forecast Growth

CYBR has been the subject of several recent research reports. Wall Street Zen lowered CyberArk Software from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Robert W. Baird upped their target price on CyberArk Software from $450.00 to $460.00 and gave the company an "outperform" rating in a report on Wednesday, May 14th. Roth Capital initiated coverage on CyberArk Software in a research report on Tuesday, May 13th. They issued a "buy" rating and a $415.00 target price for the company. Morgan Stanley restated an "equal weight" rating on shares of CyberArk Software in a research report on Tuesday, May 13th. Finally, Stephens initiated coverage on CyberArk Software in a research report on Tuesday, April 1st. They issued an "overweight" rating and a $440.00 target price for the company. Two 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 company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $416.79.

CyberArk Software Price Performance

CYBR stock traded down $5.43 during midday trading on Friday, hitting $386.69. The company's stock had a trading volume of 385,659 shares, compared to its average volume of 553,991. CyberArk Software Ltd. has a twelve month low of $230.00 and a twelve month high of $421.00. The company's fifty day moving average price is $361.27 and its 200 day moving average price is $351.94. The stock has a market capitalization of $19.11 billion, a P/E ratio of -198.30 and a beta of 0.99.

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

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.