CyberArk Software Ltd. (NASDAQ:CYBR) Shares Acquired by Marshall Wace LLP

Marshall Wace LLP grew its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 98.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 190,130 shares of the technology company's stock after acquiring an additional 94,124 shares during the period. Marshall Wace LLP owned about 0.44% of CyberArk Software worth $63,342,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of CyberArk Software during the 4th quarter valued at $25,000. TD Private Client Wealth LLC boosted its stake in 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. Plato Investment Management Ltd purchased a new stake in shares of CyberArk Software in the 4th quarter valued at $39,000. Graney & King LLC bought a new position in shares of CyberArk Software during the fourth quarter valued at about $43,000. Finally, Montag A & Associates Inc. grew its holdings 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 purchasing an additional 42 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors.

CyberArk Software Stock Up 3.8 %

Shares of CyberArk Software stock traded up $12.30 during midday trading on Wednesday, hitting $333.99. The company had a trading volume of 231,149 shares, compared to its average volume of 533,883. CyberArk Software Ltd. has a 12-month low of $223.41 and a 12-month high of $421.00. The company has a fifty day simple moving average of $348.09 and a 200 day simple moving average of $332.90. The stock has a market cap of $16.51 billion, a price-to-earnings ratio of -171.28 and a beta of 1.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. As a group, analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CYBR shares. Piper Sandler lifted their target price on shares of CyberArk Software from $380.00 to $440.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. JMP Securities raised their target price on CyberArk Software from $390.00 to $480.00 and gave the stock a "market outperform" rating in a research report on Friday, February 14th. Robert W. Baird upped their target price on shares of CyberArk Software from $455.00 to $465.00 and gave the company an "outperform" rating in a report on Tuesday, February 25th. Wells Fargo & Company raised their target price on CyberArk Software from $425.00 to $500.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $455.00 price objective on shares of CyberArk Software in a research note on Tuesday, February 25th. Two analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, CyberArk Software has an average rating of "Moderate Buy" and a consensus target price of $412.24.

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.