The Manufacturers Life Insurance Company Grows Position in CyberArk Software Ltd. (NASDAQ:CYBR)

The Manufacturers Life Insurance Company grew its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 5.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 107,851 shares of the technology company's stock after acquiring an additional 5,971 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.25% of CyberArk Software worth $35,931,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Beacon Pointe Advisors LLC lifted its holdings in shares of CyberArk Software by 1.1% in the 4th quarter. Beacon Pointe Advisors LLC now owns 16,138 shares of the technology company's stock valued at $5,376,000 after purchasing an additional 176 shares during the last quarter. Public Employees Retirement Association of Colorado acquired a new stake in shares of CyberArk Software in the fourth quarter valued at approximately $2,754,000. Johnson Financial Group Inc. purchased a new position in shares of CyberArk Software during the fourth quarter worth approximately $100,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of CyberArk Software during the fourth quarter worth approximately $554,000. Finally, Sassicaia Capital Advisers LLC purchased a new stake in CyberArk Software in the 4th quarter valued at $333,000. Institutional investors and hedge funds own 91.84% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Canaccord Genuity Group raised their price objective on shares of CyberArk Software from $330.00 to $440.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Stephens began coverage on CyberArk Software in a research report on Tuesday, April 1st. They issued an "overweight" rating and a $440.00 price target on the stock. Scotiabank increased their price objective on CyberArk Software from $340.00 to $400.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, January 21st. KeyCorp dropped their target price on CyberArk Software from $485.00 to $425.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Finally, DA Davidson cut their price target on CyberArk Software from $475.00 to $415.00 and set a "buy" rating for the company in a research note on Monday, April 14th. 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $415.18.

CyberArk Software Stock Performance

CYBR stock traded up $7.35 on Monday, reaching $364.63. The company had a trading volume of 606,265 shares, compared to its average volume of 529,704. The company's fifty day moving average is $340.39 and its 200 day moving average is $336.46. The company has a market cap of $18.02 billion, a P/E ratio of -186.99 and a beta of 0.99. CyberArk Software Ltd. has a 1 year low of $223.41 and a 1 year high of $421.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) earnings per share (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%. On average, sell-side analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

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.