China Universal Asset Management Co. Ltd. Increases Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

China Universal Asset Management Co. Ltd. increased its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 37.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,800 shares of the technology company's stock after buying an additional 1,300 shares during the quarter. China Universal Asset Management Co. Ltd.'s holdings in CyberArk Software were worth $1,622,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Thoma Bravo L.P. purchased a new stake in CyberArk Software in the 4th quarter valued at approximately $380,637,000. Norges Bank purchased a new stake in CyberArk Software in the 4th quarter valued at approximately $203,375,000. Congress Asset Management Co. boosted its holdings in CyberArk Software by 304.2% in the 1st quarter. Congress Asset Management Co. now owns 332,770 shares of the technology company's stock valued at $112,476,000 after purchasing an additional 250,441 shares in the last quarter. Alyeska Investment Group L.P. purchased a new stake in CyberArk Software in the 4th quarter valued at approximately $72,842,000. Finally, Janus Henderson Group PLC boosted its holdings in CyberArk Software by 7,524.4% in the 4th quarter. Janus Henderson Group PLC now owns 170,710 shares of the technology company's stock valued at $56,914,000 after purchasing an additional 168,471 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company's stock.

Analyst Upgrades and Downgrades

CYBR has been the topic of several research analyst reports. Robert W. Baird boosted their price target on CyberArk Software from $450.00 to $460.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 14th. Roth Capital initiated coverage on CyberArk Software in a research note on Tuesday, May 13th. They set a "buy" rating and a $415.00 price target on the stock. Royal Bank Of Canada reissued an "outperform" rating and set a $420.00 price target on shares of CyberArk Software in a research note on Tuesday, May 13th. Barclays reissued an "overweight" rating on shares of CyberArk Software in a research note on Tuesday, May 13th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $400.00 price target on shares of CyberArk Software in a research note on Tuesday, May 13th. Two investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $416.79.

CyberArk Software Price Performance

CYBR traded down $1.59 during trading on Friday, hitting $374.80. The company's stock had a trading volume of 1,184,866 shares, compared to its average volume of 574,959. CyberArk Software Ltd. has a twelve month low of $230.00 and a twelve month high of $421.00. The firm's 50 day moving average price is $382.87 and its 200-day moving average price is $362.16. The stock has a market cap of $18.53 billion, a PE ratio of -201.51 and a beta of 1.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its quarterly earnings data 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 7.97% and a positive return on equity of 0.71%. The company had revenue of $317.60 million during the quarter, compared to analysts' expectations of $305.57 million. During the same period in the previous year, the company earned $0.75 EPS. The business's quarterly revenue was up 43.3% compared to the same quarter last year. Equities analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

CyberArk Software Company 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.