Assenagon Asset Management S.A. Acquires 17,705 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Assenagon Asset Management S.A. increased its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 749.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,068 shares of the technology company's stock after purchasing an additional 17,705 shares during the quarter. Assenagon Asset Management S.A.'s holdings in CyberArk Software were worth $6,686,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CYBR. Kieckhefer Group LLC acquired a new position in CyberArk Software in the fourth quarter valued at about $67,000. Brookstone Capital Management acquired a new position in CyberArk Software during the fourth quarter valued at approximately $202,000. Wealth Enhancement Advisory Services LLC increased its stake in CyberArk Software by 4.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,105 shares of the technology company's stock valued at $701,000 after purchasing an additional 90 shares in the last quarter. Fulton Bank N.A. raised its holdings in CyberArk Software by 4.7% in the fourth quarter. Fulton Bank N.A. now owns 1,994 shares of the technology company's stock worth $664,000 after purchasing an additional 90 shares during the period. Finally, Capital Market Strategies LLC bought a new position in shares of CyberArk Software during the fourth quarter worth $827,000. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CYBR. DA Davidson boosted their target price on CyberArk Software from $360.00 to $390.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. Barclays increased their price objective on CyberArk Software from $330.00 to $335.00 and gave the stock an "overweight" rating in a report on Thursday, November 14th. Robert W. Baird upped their price target on CyberArk Software from $355.00 to $370.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 17th. Jefferies Financial Group boosted their price target on shares of CyberArk Software from $315.00 to $330.00 and gave the stock a "buy" rating in a research report on Tuesday, September 24th. Finally, Wedbush lifted their target price on CyberArk Software from $300.00 to $325.00 and gave the company an "outperform" rating in a research report on Tuesday, October 1st. One investment analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $353.93.

CyberArk Software Stock Performance

NASDAQ:CYBR traded down $3.29 during trading hours on Monday, reaching $352.22. The stock had a trading volume of 534,277 shares, compared to its average volume of 364,359. The stock has a 50 day simple moving average of $324.09 and a 200 day simple moving average of $293.06. CyberArk Software Ltd. has a 12-month low of $223.09 and a 12-month high of $363.00. The stock has a market cap of $15.35 billion, a P/E ratio of 1,304.57 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.48. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The business had revenue of $240.10 million for the quarter, compared to analysts' expectations of $234.10 million. During the same quarter in the previous year, the firm posted ($0.31) EPS. The business's revenue for the quarter was up 25.6% compared to the same quarter last year. On average, equities analysts expect that CyberArk Software Ltd. will post -0.58 earnings per share for the current fiscal year.

About CyberArk Software

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.