Robeco Schweiz AG Makes New Investment in CyberArk Software Ltd. (NASDAQ:CYBR)

Robeco Schweiz AG bought a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 20,000 shares of the technology company's stock, valued at approximately $6,760,000.

Other hedge funds have also recently bought and sold shares of the company. Bessemer Group Inc. grew its holdings in CyberArk Software by 421.1% during the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock worth $33,000 after acquiring an additional 80 shares in the last quarter. Golden State Wealth Management LLC lifted its stake in CyberArk Software by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock worth $26,000 after purchasing an additional 39 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in CyberArk Software by 17.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,868 shares of the technology company's stock valued at $627,000 after purchasing an additional 280 shares during the last quarter. Blue Trust Inc. lifted its position in shares of CyberArk Software by 5.9% in the 1st quarter. Blue Trust Inc. now owns 1,099 shares of the technology company's stock worth $371,000 after buying an additional 61 shares during the last quarter. Finally, Yousif Capital Management LLC boosted its holdings in shares of CyberArk Software by 9.1% in the 1st quarter. Yousif Capital Management LLC now owns 2,235 shares of the technology company's stock valued at $755,000 after buying an additional 187 shares during the period. Institutional investors and hedge funds own 91.84% of the company's stock.

Analyst Ratings Changes

CYBR has been the topic of several research reports. 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. Roth Capital assumed coverage on CyberArk Software in a report on Tuesday, May 13th. They issued a "buy" rating and a $415.00 price target on the stock. Stephens started coverage on CyberArk Software in a research report on Tuesday, April 1st. They set an "overweight" rating and a $440.00 price objective for the company. Morgan Stanley reaffirmed an "equal weight" rating on shares of CyberArk Software in a research report on Tuesday, May 13th. Finally, Barclays reissued an "overweight" rating on shares of CyberArk Software in a report on Tuesday, May 13th. 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 stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $416.79.

CyberArk Software Stock Down 7.1%

Shares of NASDAQ:CYBR opened at $376.39 on Friday. The company has a market cap of $18.60 billion, a P/E ratio of -202.36 and a beta of 1.00. The company's fifty day moving average is $382.03 and its two-hundred day moving average is $361.39. CyberArk Software Ltd. has a 12-month low of $230.00 and a 12-month high of $421.00.

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. CyberArk Software had a positive return on equity of 0.71% and a negative net margin of 7.97%. The firm had revenue of $317.60 million during the quarter, compared to the consensus estimate of $305.57 million. During the same period in the prior year, the business earned $0.75 EPS. The business's revenue for the quarter was up 43.3% on a year-over-year basis. Equities research analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

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.

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