USS Investment Management Ltd Buys 705 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

USS Investment Management Ltd raised its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 9.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,350 shares of the technology company's stock after acquiring an additional 705 shares during the period. USS Investment Management Ltd's holdings in CyberArk Software were worth $2,784,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Thoma Bravo L.P. purchased a new stake in shares of CyberArk Software during the fourth quarter valued at about $380,637,000. Norges Bank purchased a new position in CyberArk Software in the 4th quarter valued at $203,375,000. Nepsis Inc. increased its stake in shares of CyberArk Software by 882.4% in the 4th quarter. Nepsis Inc. now owns 562,327 shares of the technology company's stock worth $187,339,000 after acquiring an additional 505,088 shares during the last quarter. Jennison Associates LLC increased its position in shares of CyberArk Software by 32.3% during the 4th quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company's stock worth $534,287,000 after purchasing an additional 391,900 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of CyberArk Software by 195.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 508,355 shares of the technology company's stock valued at $170,614,000 after buying an additional 336,462 shares during the period. Institutional investors own 91.84% of the company's stock.

CyberArk Software Stock Performance

Shares of NASDAQ CYBR traded down $6.83 during midday trading on Thursday, hitting $374.37. 115,808 shares of the stock traded hands, compared to its average volume of 550,038. The firm has a 50-day moving average of $347.57 and a two-hundred day moving average of $345.22. The firm has a market capitalization of $18.50 billion, a P/E ratio of -191.65 and a beta of 0.99. CyberArk Software Ltd. has a one year low of $223.41 and a one year high of $421.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The technology company reported $0.98 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.19. The firm had revenue of $317.60 million during the quarter, compared to analyst estimates of $305.57 million. CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. The business's quarterly revenue was up 43.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.75 earnings per share. Equities analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CYBR shares. Oppenheimer boosted their target price on CyberArk Software from $360.00 to $420.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Wall Street Zen downgraded CyberArk Software from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Roth Capital initiated coverage on CyberArk Software in a research note on Tuesday, May 13th. They issued a "buy" rating and a $415.00 target price for the company. Cantor Fitzgerald reiterated an "overweight" rating and issued a $400.00 target price on shares of CyberArk Software in a research note on Tuesday, May 13th. Finally, Wells Fargo & Company raised their price objective on CyberArk Software from $425.00 to $500.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Two research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target 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.