Natixis Advisors L.P. boosted its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 7.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 74,750 shares of the technology company's stock after purchasing an additional 4,953 shares during the period. Natixis Advisors L.P. owned about 0.18% of CyberArk Software worth $16,373,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jennison Associates LLC grew its position in CyberArk Software by 81.4% in the fourth quarter. Jennison Associates LLC now owns 1,053,964 shares of the technology company's stock worth $230,871,000 after acquiring an additional 472,961 shares in the last quarter. Polar Capital Holdings Plc lifted its stake in shares of CyberArk Software by 15.4% in the third quarter. Polar Capital Holdings Plc now owns 594,809 shares of the technology company's stock worth $97,412,000 after buying an additional 79,506 shares during the last quarter. TimesSquare Capital Management LLC lifted its stake in shares of CyberArk Software by 2.1% in the third quarter. TimesSquare Capital Management LLC now owns 553,969 shares of the technology company's stock worth $90,724,000 after buying an additional 11,387 shares during the last quarter. Nomura Holdings Inc. lifted its stake in shares of CyberArk Software by 9.5% in the third quarter. Nomura Holdings Inc. now owns 364,875 shares of the technology company's stock worth $59,756,000 after buying an additional 31,660 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its stake in shares of CyberArk Software by 226.3% in the third quarter. Acadian Asset Management LLC now owns 295,893 shares of the technology company's stock worth $48,434,000 after buying an additional 205,224 shares during the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.
CyberArk Software Trading Up 0.8 %
Shares of CyberArk Software stock traded up $1.83 during mid-day trading on Tuesday, reaching $237.47. 515,182 shares of the stock were exchanged, compared to its average volume of 583,478. The firm has a 50-day simple moving average of $253.97 and a 200 day simple moving average of $227.15. CyberArk Software Ltd. has a fifty-two week low of $133.84 and a fifty-two week high of $283.00.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings data on Thursday, February 8th. The technology company reported $0.19 earnings per share for the quarter, beating the consensus estimate of ($0.34) by $0.53. The firm had revenue of $223.10 million during the quarter, compared to analysts' expectations of $209.65 million. CyberArk Software had a negative net margin of 3.20% and a negative return on equity of 2.51%. Research analysts expect that CyberArk Software Ltd. will post -1.46 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the stock. BTIG Research assumed coverage on shares of CyberArk Software in a research note on Thursday, March 28th. They issued a "buy" rating and a $317.00 price objective for the company. Rosenblatt Securities reissued a "buy" rating and issued a $310.00 price target on shares of CyberArk Software in a report on Wednesday, May 1st. Morgan Stanley downgraded shares of CyberArk Software from an "overweight" rating to an "equal weight" rating and increased their price target for the company from $195.00 to $240.00 in a report on Tuesday, January 9th. KeyCorp increased their price target on shares of CyberArk Software from $274.00 to $305.00 and gave the company an "overweight" rating in a report on Friday, February 9th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $310.00 price target on shares of CyberArk Software in a report on Friday. Two equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $265.63.
View Our Latest Stock Analysis on CYBR
CyberArk Software Company Profile
(
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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