Hsbc Holdings PLC grew its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 15.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,252 shares of the technology company's stock after buying an additional 1,761 shares during the period. Hsbc Holdings PLC's holdings in CyberArk Software were worth $4,412,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. CHURCHILL MANAGEMENT Corp acquired a new position in shares of CyberArk Software during the fourth quarter worth $764,000. China Universal Asset Management Co. Ltd. purchased a new position in CyberArk Software during the 4th quarter worth $1,166,000. Spire Wealth Management increased its position in CyberArk Software by 236.8% during the 4th quarter. Spire Wealth Management now owns 4,756 shares of the technology company's stock valued at $1,584,000 after buying an additional 3,344 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in CyberArk Software by 9.7% in the fourth quarter. Geneos Wealth Management Inc. now owns 11,576 shares of the technology company's stock valued at $3,857,000 after buying an additional 1,024 shares during the last quarter. Finally, Silverleafe Capital Partners LLC purchased a new stake in CyberArk Software in the fourth quarter valued at about $799,000. Hedge funds and other institutional investors own 91.84% of the company's stock.
Analyst Ratings Changes
CYBR has been the topic of several recent analyst reports. StockNews.com downgraded shares of CyberArk Software from a "buy" rating to a "hold" rating in a report on Friday, February 21st. JPMorgan Chase & Co. upped their price target on shares of CyberArk Software from $375.00 to $431.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Wells Fargo & Company lifted their price objective on shares of CyberArk Software from $425.00 to $500.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Roth Capital began coverage on shares of CyberArk Software in a report on Wednesday, April 23rd. They set a "buy" rating and a $415.00 price objective on the stock. Finally, KeyCorp reduced their target price on CyberArk Software from $485.00 to $425.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, CyberArk Software presently has a consensus rating of "Buy" and a consensus target price of $415.18.
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CyberArk Software Price Performance
CyberArk Software stock traded up $5.18 during midday trading on Friday, reaching $357.28. The company had a trading volume of 340,198 shares, compared to its average volume of 530,354. CyberArk Software Ltd. has a 12-month low of $223.41 and a 12-month high of $421.00. The firm's fifty day simple moving average is $340.64 and its 200-day simple moving average is $335.44. The company has a market capitalization of $17.66 billion, a P/E ratio of -183.22 and a beta of 0.99.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.71 by ($0.85). CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. On average, analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.
CyberArk Software Company Profile
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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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