Asset Management One Co. Ltd. Increases Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

Asset Management One Co. Ltd. increased its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 2.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 49,159 shares of the technology company's stock after purchasing an additional 1,336 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.10% of CyberArk Software worth $16,616,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. TD Private Client Wealth LLC increased its position 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 worth $26,000 after purchasing an additional 34 shares in the last quarter. CenterBook Partners LP increased its position in shares of CyberArk Software by 2.4% during the fourth quarter. CenterBook Partners LP now owns 1,603 shares of the technology company's stock worth $534,000 after purchasing an additional 38 shares in the last quarter. Whipplewood Advisors LLC increased its position 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. Continuum Advisory LLC increased its position in shares of CyberArk Software by 0.6% during the fourth quarter. Continuum Advisory LLC now owns 7,871 shares of the technology company's stock worth $2,622,000 after purchasing an additional 48 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its position in shares of CyberArk Software by 1.4% during the fourth quarter. Daiwa Securities Group Inc. now owns 3,827 shares of the technology company's stock worth $1,275,000 after purchasing an additional 53 shares in the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Citigroup upped their target price on CyberArk Software from $410.00 to $450.00 and gave the company a "buy" rating in a report on Monday, March 3rd. Barclays restated an "overweight" rating on shares of CyberArk Software in a report on Tuesday, May 13th. Morgan Stanley restated an "equal weight" rating on shares of CyberArk Software in a report on Tuesday, May 13th. Truist Financial dropped their target price on CyberArk Software from $450.00 to $425.00 and set a "buy" rating for the company in a report on Monday, March 31st. Finally, Needham & Company LLC restated a "buy" rating and issued a $480.00 target price on shares of CyberArk Software in a report on Thursday, March 20th. Two analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $416.79.

CyberArk Software Trading Down 1.4%

CyberArk Software stock traded down $5.67 during midday trading on Friday, reaching $397.89. 410,617 shares of the stock traded hands, compared to its average volume of 559,100. The company has a 50-day simple moving average of $372.61 and a two-hundred day simple moving average of $357.13. CyberArk Software Ltd. has a 12-month low of $230.00 and a 12-month high of $421.00. The firm has a market cap of $19.67 billion, a PE ratio of -213.92 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. CyberArk Software had a positive return on equity of 0.71% and a negative net margin of 7.97%. The company had revenue of $317.60 million during the quarter, compared to analysts' expectations of $305.57 million. During the same period last year, the business posted $0.75 EPS. CyberArk Software's revenue for the quarter was up 43.3% on a year-over-year basis. Equities research analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

About CyberArk Software

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.