Nuveen Asset Management LLC Buys 7,325 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Nuveen Asset Management LLC increased its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 6.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,051 shares of the technology company's stock after buying an additional 7,325 shares during the period. Nuveen Asset Management LLC owned 0.28% of CyberArk Software worth $40,994,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. TD Private Client Wealth LLC lifted its position in shares of 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 buying an additional 34 shares in the last quarter. CenterBook Partners LP lifted its position in shares of CyberArk Software by 2.4% in the fourth quarter. CenterBook Partners LP now owns 1,603 shares of the technology company's stock worth $534,000 after buying an additional 38 shares in the last quarter. Montag A & Associates Inc. lifted its position in shares of CyberArk Software by 47.2% in the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock worth $44,000 after buying an additional 42 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of CyberArk Software by 6.9% in the fourth quarter. Venturi Wealth Management LLC now owns 805 shares of the technology company's stock worth $268,000 after buying an additional 52 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in shares of CyberArk Software by 1.4% in the fourth quarter. Daiwa Securities Group Inc. now owns 3,827 shares of the technology company's stock worth $1,275,000 after buying an additional 53 shares in the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

CyberArk Software Stock Up 2.0%

NASDAQ:CYBR traded up $7.48 during midday trading on Monday, hitting $381.29. The stock had a trading volume of 915,383 shares, compared to its average volume of 549,244. CyberArk Software Ltd. has a one year low of $223.41 and a one year high of $421.00. The company has a market capitalization of $18.85 billion, a price-to-earnings ratio of -195.53 and a beta of 0.99. The stock has a 50-day moving average of $346.26 and a 200 day moving average of $344.70.

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, topping the consensus estimate of $0.79 by $0.19. The company had revenue of $317.60 million for the quarter, compared to analysts' expectations of $305.57 million. CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. CyberArk Software's revenue was up 43.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.75 earnings per share. On average, sell-side analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CYBR has been the topic of a number of recent research reports. Guggenheim restated a "buy" rating and set a $455.00 price objective on shares of CyberArk Software in a research report on Tuesday, February 25th. JMP Securities upped their price objective on CyberArk Software from $390.00 to $480.00 and gave the company a "market outperform" rating in a research report on Friday, February 14th. Citigroup upped their price objective on CyberArk Software from $410.00 to $450.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. Stephens initiated coverage on CyberArk Software in a research report on Tuesday, April 1st. They set an "overweight" rating and a $440.00 price objective on the stock. Finally, KeyCorp decreased their price objective on CyberArk Software from $485.00 to $425.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $415.71.

About CyberArk Software

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.