Man Group plc Boosts Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Man Group plc increased its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 17.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,735 shares of the technology company's stock after buying an additional 3,142 shares during the period. Man Group plc's holdings in CyberArk Software were worth $6,908,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CYBR. Brookstone Capital Management purchased a new stake in CyberArk Software during the fourth quarter worth about $202,000. Assenagon Asset Management S.A. raised its stake in CyberArk Software by 749.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 20,068 shares of the technology company's stock valued at $6,686,000 after acquiring an additional 17,705 shares during the period. Park Avenue Securities LLC raised its stake in CyberArk Software by 27.7% in the 4th quarter. Park Avenue Securities LLC now owns 4,092 shares of the technology company's stock valued at $1,363,000 after acquiring an additional 887 shares during the period. Diversify Wealth Management LLC raised its stake in CyberArk Software by 44.3% in the 4th quarter. Diversify Wealth Management LLC now owns 3,218 shares of the technology company's stock valued at $1,106,000 after acquiring an additional 988 shares during the period. Finally, MCF Advisors LLC raised its stake in CyberArk Software by 1,577.3% in the 4th quarter. MCF Advisors LLC now owns 369 shares of the technology company's stock valued at $123,000 after acquiring an additional 347 shares during the period. Hedge funds and other institutional investors own 91.84% of the company's stock.

Wall Street Analysts Forecast Growth

CYBR has been the topic of a number of research reports. Piper Sandler boosted their price objective on CyberArk Software from $380.00 to $440.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Morgan Stanley restated an "equal weight" rating on shares of CyberArk Software in a research note on Tuesday, May 13th. DA Davidson boosted their price objective on CyberArk Software from $415.00 to $435.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Citigroup boosted their price objective on CyberArk Software from $410.00 to $450.00 and gave the company a "buy" rating in a research note on Monday, March 3rd. Finally, Wells Fargo & Company lifted their target price on CyberArk Software from $425.00 to $500.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Two analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $415.71.

CyberArk Software Price Performance

NASDAQ:CYBR opened at $349.29 on Tuesday. The firm's 50-day moving average price is $343.37 and its 200-day moving average price is $341.86. The company has a market capitalization of $17.26 billion, a PE ratio of -179.12 and a beta of 0.99. CyberArk Software Ltd. has a 1-year low of $223.41 and a 1-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 for the quarter, topping analysts' consensus estimates of $0.79 by $0.19. The firm had revenue of $317.60 million for the quarter, compared to the consensus estimate of $305.57 million. CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. The company's revenue was up 43.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.75 EPS. Equities analysts anticipate 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.

Want to see what other hedge funds are holding CYBR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CyberArk Software Ltd. (NASDAQ:CYBR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.