CyberArk Software Ltd. (NASDAQ:CYBR) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers raised its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 6.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,164 shares of the technology company's stock after purchasing an additional 1,034 shares during the period. Rhumbline Advisers' holdings in CyberArk Software were worth $5,463,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Thoma Bravo L.P. acquired a new stake in CyberArk Software in the fourth quarter valued at approximately $380,637,000. First Trust Advisors LP lifted its position in shares of CyberArk Software by 2.3% in the fourth quarter. First Trust Advisors LP now owns 939,768 shares of the technology company's stock valued at $313,084,000 after acquiring an additional 20,832 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in shares of CyberArk Software by 8.4% in the fourth quarter. Pictet Asset Management Holding SA now owns 878,435 shares of the technology company's stock valued at $292,651,000 after acquiring an additional 68,359 shares in the last quarter. Norges Bank purchased a new position in shares of CyberArk Software in the fourth quarter valued at approximately $203,375,000. Finally, TimesSquare Capital Management LLC lifted its position in shares of CyberArk Software by 4.6% in the fourth quarter. TimesSquare Capital Management LLC now owns 560,353 shares of the technology company's stock valued at $186,682,000 after acquiring an additional 24,805 shares in the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CYBR. Truist Financial decreased their target price 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. Rosenblatt Securities restated a "buy" rating and issued a $445.00 target price on shares of CyberArk Software in a research report on Tuesday, May 13th. Morgan Stanley restated an "equal weight" rating on shares of CyberArk Software in a research report on Tuesday, May 13th. Needham & Company LLC reiterated a "buy" rating and set a $480.00 price objective on shares of CyberArk Software in a research report on Thursday, March 20th. Finally, Robert W. Baird lifted their price objective on CyberArk Software from $450.00 to $460.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 14th. Two investment 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $416.79.

CyberArk Software Price Performance

Shares of CYBR stock traded down $5.43 on Friday, hitting $386.69. The stock had a trading volume of 385,659 shares, compared to its average volume of 553,182. The firm has a market capitalization of $19.11 billion, a P/E ratio of -198.30 and a beta of 0.99. CyberArk Software Ltd. has a 1 year low of $230.00 and a 1 year high of $421.00. The company's 50 day moving average price is $361.27 and its 200-day moving average price is $352.17.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its earnings results on Tuesday, May 13th. The technology company reported $0.98 EPS for the quarter, topping the consensus estimate 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 previous year, the firm posted $0.75 EPS. CyberArk Software's revenue for the quarter was up 43.3% on a year-over-year basis. On average, equities analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current 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.