CyberArk Software Ltd. (NASDAQ:CYBR) is GW&K Investment Management LLC's 8th Largest Position

GW&K Investment Management LLC lowered its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 30.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 314,270 shares of the technology company's stock after selling 137,417 shares during the quarter. CyberArk Software comprises approximately 1.0% of GW&K Investment Management LLC's portfolio, making the stock its 8th largest holding. GW&K Investment Management LLC owned approximately 0.64% of CyberArk Software worth $106,223,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CYBR. TD Private Client Wealth LLC grew 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 acquiring an additional 34 shares in the last quarter. Golden State Wealth Management LLC grew its position in CyberArk Software by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock worth $26,000 after acquiring an additional 39 shares in the last quarter. Whipplewood Advisors LLC grew its position in CyberArk Software by 135.3% in the first quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock worth $27,000 after acquiring an additional 46 shares in the last quarter. Bessemer Group Inc. boosted its position in CyberArk Software by 421.1% during the first quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock valued at $33,000 after buying an additional 80 shares during the period. Finally, Morse Asset Management Inc purchased a new stake in CyberArk Software during the first quarter valued at about $34,000. Institutional investors own 91.84% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. DA Davidson upped their price target on shares of CyberArk Software from $435.00 to $465.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. KeyCorp cut their price target on shares of CyberArk Software from $485.00 to $425.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Cantor Fitzgerald restated an "overweight" rating and set a $420.00 price target on shares of CyberArk Software in a research report on Tuesday. Robert W. Baird upped their price target on shares of CyberArk Software from $450.00 to $460.00 and gave the company an "outperform" rating in a research report on Wednesday, May 14th. Finally, Truist Financial cut their price target on shares of CyberArk Software from $450.00 to $425.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Two investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $418.75.

CyberArk Software Trading Down 0.1%

CyberArk Software stock traded down $0.41 during trading hours on Thursday, hitting $375.74. 230,764 shares of the stock traded hands, compared to its average volume of 671,136. The firm's 50-day moving average price is $385.82 and its two-hundred day moving average price is $365.04. The company has a market cap of $18.57 billion, a PE ratio of -201.95 and a beta of 1.00. CyberArk Software Ltd. has a one year low of $230.00 and a one year high of $421.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its 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 7.97% and a positive return on equity of 0.71%. The firm had revenue of $317.60 million during the quarter, compared to analyst estimates of $305.57 million. During the same period last year, the business earned $0.75 earnings per share. The business's revenue was up 43.3% on a year-over-year basis. On average, sell-side analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal 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.