Penserra Capital Management LLC Grows Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Penserra Capital Management LLC increased its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 17.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 236,303 shares of the technology company's stock after buying an additional 34,882 shares during the period. CyberArk Software comprises about 1.4% of Penserra Capital Management LLC's holdings, making the stock its 11th largest position. Penserra Capital Management LLC owned about 0.48% of CyberArk Software worth $79,870,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Bank of New York Mellon Corp boosted its position in shares of CyberArk Software by 3.0% in the 1st quarter. Bank of New York Mellon Corp now owns 212,122 shares of the technology company's stock worth $71,697,000 after buying an additional 6,125 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in CyberArk Software in the 1st quarter valued at about $377,000. Teacher Retirement System of Texas raised its stake in CyberArk Software by 648.6% in the 1st quarter. Teacher Retirement System of Texas now owns 86,218 shares of the technology company's stock valued at $29,142,000 after purchasing an additional 74,700 shares during the last quarter. Moody Lynn & Lieberson LLC raised its stake in CyberArk Software by 14.1% in the 1st quarter. Moody Lynn & Lieberson LLC now owns 1,066 shares of the technology company's stock valued at $360,000 after purchasing an additional 132 shares during the last quarter. Finally, FSM Wealth Advisors LLC acquired a new position in CyberArk Software in the 1st quarter valued at about $201,000. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Rosenblatt Securities reissued a "buy" rating and issued a $445.00 target price on shares of CyberArk Software in a research note on Tuesday, May 13th. Barclays reissued an "overweight" rating on shares of CyberArk Software in a research note on Tuesday, May 13th. Robert W. Baird boosted their target price on shares of CyberArk Software from $450.00 to $460.00 and gave the company an "outperform" rating in a research note on Wednesday, May 14th. Roth Capital assumed coverage on shares of CyberArk Software in a research note on Tuesday, May 13th. They issued a "buy" rating and a $415.00 target price for the company. Finally, Truist Financial cut their target price on shares of CyberArk Software from $450.00 to $425.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Two equities research 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 company's stock. According to MarketBeat.com, CyberArk Software currently has an average rating of "Moderate Buy" and a consensus target price of $416.79.

CyberArk Software Trading Up 2.8%

NASDAQ:CYBR traded up $10.77 during trading hours on Friday, hitting $398.69. The stock had a trading volume of 503,268 shares, compared to its average volume of 562,456. The company has a market cap of $19.71 billion, a PE ratio of -214.35 and a beta of 1.00. The business has a 50 day simple moving average of $379.03 and a two-hundred day simple moving average of $359.96. CyberArk Software Ltd. has a 1-year low of $230.00 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 EPS for the quarter, beating the consensus estimate of $0.79 by $0.19. The company had revenue of $317.60 million during the quarter, compared to analysts' expectations of $305.57 million. CyberArk Software had a positive return on equity of 0.71% and a negative net margin of 7.97%. The business's revenue was up 43.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.75 EPS. Research analysts expect that CyberArk Software Ltd. will post -0.47 EPS 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.