Man Group plc lifted its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 17.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,735 shares of the technology company's stock after acquiring an additional 3,142 shares during the period. Man Group plc's holdings in CyberArk Software were worth $6,908,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the company. TD Private Client Wealth LLC lifted its holdings in shares of CyberArk Software by 79.1% in the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock worth $26,000 after buying an additional 34 shares during the period. Plato Investment Management Ltd purchased a new stake in shares of CyberArk Software during the 4th quarter worth $39,000. Graney & King LLC bought a new stake in CyberArk Software during the fourth quarter valued at about $43,000. Montag A & Associates Inc. grew its stake in CyberArk Software by 47.2% in the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock valued at $44,000 after purchasing an additional 42 shares during the last quarter. Finally, Coppell Advisory Solutions LLC grew its stake in CyberArk Software by 325.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 149 shares of the technology company's stock valued at $48,000 after purchasing an additional 114 shares during the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts have recently commented on CYBR shares. Needham & Company LLC reiterated a "buy" rating and set a $480.00 price objective on shares of CyberArk Software in a research note on Thursday, March 20th. Stephens initiated coverage on CyberArk Software in a research note on Tuesday, April 1st. They issued an "overweight" rating and a $440.00 price objective for the company. Stifel Nicolaus upped their target price on CyberArk Software from $370.00 to $444.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Oppenheimer increased their price target on shares of CyberArk Software from $360.00 to $420.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. Finally, DA Davidson upped their price objective on shares of CyberArk Software from $415.00 to $435.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Two analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $415.71.
Read Our Latest Stock Report on CYBR
CyberArk Software Price Performance
Shares of CyberArk Software stock traded up $7.48 during trading on Friday, hitting $381.29. The stock had a trading volume of 915,383 shares, compared to its average volume of 549,244. The firm has a market cap of $18.85 billion, a P/E ratio of -195.53 and a beta of 0.99. CyberArk Software Ltd. has a fifty-two week low of $223.41 and a fifty-two week high of $421.00. The business has a fifty day moving average of $345.60 and a two-hundred day moving average of $344.10.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The technology company reported $0.98 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.19. CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. The firm had revenue of $317.60 million during the quarter, compared to analysts' expectations of $305.57 million. During the same quarter last year, the company earned $0.75 earnings per share. The company's revenue for the quarter was up 43.3% compared to the same quarter last year. As a group, research analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.
About CyberArk Software
(
Free Report)
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.
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