Baillie Gifford & Co. Buys 21,877 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Baillie Gifford & Co. lifted its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 21.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 123,275 shares of the technology company's stock after purchasing an additional 21,877 shares during the period. Baillie Gifford & Co. owned 0.28% of CyberArk Software worth $41,069,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CYBR. Allworth Financial LP boosted its stake in CyberArk Software by 86.7% in the fourth quarter. Allworth Financial LP now owns 534 shares of the technology company's stock valued at $192,000 after acquiring an additional 248 shares during the last quarter. Principal Securities Inc. boosted its stake in CyberArk Software by 6.6% in the fourth quarter. Principal Securities Inc. now owns 1,190 shares of the technology company's stock valued at $396,000 after acquiring an additional 74 shares during the last quarter. Montag A & Associates Inc. boosted its stake in CyberArk Software by 47.2% in the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock valued at $44,000 after acquiring an additional 42 shares during the last quarter. Congress Asset Management Co. boosted its stake in CyberArk Software by 17.2% in the fourth quarter. Congress Asset Management Co. now owns 82,329 shares of the technology company's stock valued at $27,428,000 after acquiring an additional 12,072 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in CyberArk Software by 3.4% in the fourth quarter. Rhumbline Advisers now owns 15,130 shares of the technology company's stock valued at $5,041,000 after acquiring an additional 499 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company's stock.

Analyst Ratings Changes

CYBR has been the topic of a number of recent research reports. JMP Securities raised their price objective on shares of CyberArk Software from $390.00 to $480.00 and gave the company a "market outperform" rating in a research note on Friday, February 14th. Wells Fargo & Company lifted their price target on shares of CyberArk Software from $425.00 to $500.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. JPMorgan Chase & Co. lifted their price target on shares of CyberArk Software from $375.00 to $431.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Citigroup lifted their price target on shares of CyberArk Software from $355.00 to $410.00 and gave the stock a "buy" rating in a research report on Friday, January 17th. Finally, Stifel Nicolaus lifted their price target on shares of CyberArk Software from $370.00 to $444.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Two research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $401.67.

CyberArk Software Price Performance

CYBR stock traded down $17.68 during midday trading on Friday, hitting $383.29. The company's stock had a trading volume of 672,280 shares, compared to its average volume of 581,939. CyberArk Software Ltd. has a twelve month low of $223.41 and a twelve month high of $421.00. The company's fifty day moving average price is $355.03 and its 200 day moving average price is $312.10. The stock has a market capitalization of $16.70 billion, a P/E ratio of -196.56 and a beta of 1.15.

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