Nepsis Inc. Buys 505,088 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Nepsis Inc. increased its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 882.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 562,327 shares of the technology company's stock after purchasing an additional 505,088 shares during the quarter. CyberArk Software accounts for about 26.9% of Nepsis Inc.'s investment portfolio, making the stock its largest holding. Nepsis Inc. owned approximately 1.29% of CyberArk Software worth $187,339,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CYBR. Dimensional Fund Advisors LP grew its stake in shares of CyberArk Software by 506.7% in the second quarter. Dimensional Fund Advisors LP now owns 6,565 shares of the technology company's stock valued at $1,795,000 after buying an additional 5,483 shares in the last quarter. Ensign Peak Advisors Inc acquired a new position in shares of CyberArk Software during the second quarter worth $711,000. Public Sector Pension Investment Board boosted its stake in shares of CyberArk Software by 7.4% in the second quarter. Public Sector Pension Investment Board now owns 17,794 shares of the technology company's stock valued at $4,865,000 after purchasing an additional 1,232 shares during the period. Toronto Dominion Bank acquired a new stake in CyberArk Software during the 2nd quarter valued at $164,000. Finally, APG Asset Management US Inc. increased its stake in CyberArk Software by 2.5% during the 2nd quarter. APG Asset Management US Inc. now owns 12,754 shares of the technology company's stock worth $3,439,000 after buying an additional 315 shares during the period. Hedge funds and other institutional investors own 91.84% of the company's stock.

CyberArk Software Price Performance

Shares of CYBR traded up $0.79 during trading hours on Friday, hitting $359.72. The stock had a trading volume of 367,173 shares, compared to its average volume of 416,540. The stock has a market capitalization of $15.67 billion, a price-to-earnings ratio of 1,332.35 and a beta of 1.13. The company's fifty day moving average is $329.93 and its two-hundred day moving average is $295.88. CyberArk Software Ltd. has a 52 week low of $223.09 and a 52 week high of $366.48.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.48. The company had revenue of $240.10 million during the quarter, compared to analyst estimates of $234.10 million. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The company's revenue was up 25.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.31) earnings per share. Equities analysts predict that CyberArk Software Ltd. will post -0.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Wells Fargo & Company upped their target price on CyberArk Software from $350.00 to $410.00 and gave the company an "overweight" rating in a research report on Thursday, January 2nd. Needham & Company LLC increased their price objective on shares of CyberArk Software from $360.00 to $410.00 and gave the company a "buy" rating in a research note on Thursday, January 9th. KeyCorp boosted their target price on shares of CyberArk Software from $355.00 to $400.00 and gave the stock an "overweight" rating in a research report on Tuesday. Susquehanna lifted their price target on CyberArk Software from $320.00 to $345.00 and gave the stock a "positive" rating in a research note on Thursday, November 14th. Finally, Mizuho boosted their price objective on CyberArk Software from $345.00 to $365.00 and gave the company an "outperform" rating in a report on Friday, December 13th. One equities research analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $358.74.

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.