Mercer Global Advisors Inc. ADV Has $1.03 Million Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Mercer Global Advisors Inc. ADV boosted its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 221.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,081 shares of the technology company's stock after purchasing an additional 2,122 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in CyberArk Software were worth $1,027,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CYBR. Soros Fund Management LLC purchased a new stake in shares of CyberArk Software during the 4th quarter worth about $46,747,000. Schonfeld Strategic Advisors LLC boosted its holdings in CyberArk Software by 1.2% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 62,643 shares of the technology company's stock worth $20,870,000 after acquiring an additional 733 shares during the period. Lido Advisors LLC acquired a new stake in CyberArk Software in the fourth quarter valued at approximately $740,000. Northern Trust Corp lifted its position in shares of CyberArk Software by 63.1% during the fourth quarter. Northern Trust Corp now owns 219,964 shares of the technology company's stock worth $73,281,000 after purchasing an additional 85,062 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of CyberArk Software by 5.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 107,851 shares of the technology company's stock valued at $35,931,000 after purchasing an additional 5,971 shares during the period. 91.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CYBR. Rosenblatt Securities reaffirmed a "buy" rating and issued a $445.00 price target on shares of CyberArk Software in a report on Tuesday. Citigroup boosted their price objective on CyberArk Software from $410.00 to $450.00 and gave the company a "buy" rating in a report on Monday, March 3rd. Guggenheim restated a "buy" rating and set a $455.00 price objective on shares of CyberArk Software in a research note on Tuesday, February 25th. Robert W. Baird lifted their target price on CyberArk Software from $450.00 to $460.00 and gave the stock an "outperform" rating in a research report on Wednesday. Finally, JMP Securities boosted their price target on CyberArk Software from $390.00 to $480.00 and gave the company a "market outperform" rating in a report on Friday, February 14th. Two analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, CyberArk Software has an average rating of "Moderate Buy" and a consensus price target of $415.71.

CyberArk Software Stock Performance

Shares of NASDAQ CYBR traded down $1.03 during midday trading on Thursday, reaching $353.74. 404,296 shares of the company traded hands, compared to its average volume of 540,195. The stock's 50-day simple moving average is $341.83 and its 200-day simple moving average is $339.56. CyberArk Software Ltd. has a 12 month low of $223.41 and a 12 month high of $421.00. The firm has a market cap of $17.48 billion, a PE ratio of -180.88 and a beta of 0.99.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its 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 negative net margin of 9.34% and a positive return on equity of 0.45%. On average, equities research analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current year.

CyberArk Software 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.