CyberArk Software Ltd. (NASDAQ:CYBR) Shares Purchased by Swiss National Bank

Swiss National Bank raised its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 2.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 128,700 shares of the technology company's stock after acquiring an additional 3,100 shares during the quarter. Swiss National Bank owned approximately 0.30% of CyberArk Software worth $37,530,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Mather Group LLC. acquired a new stake in CyberArk Software during the second quarter worth approximately $27,000. ORG Partners LLC purchased a new position in CyberArk Software during the 2nd quarter worth approximately $33,000. Assetmark Inc. increased its position in CyberArk Software by 1,025.0% during the third quarter. Assetmark Inc. now owns 135 shares of the technology company's stock worth $39,000 after buying an additional 123 shares during the period. 1620 Investment Advisors Inc. purchased a new stake in CyberArk Software in the second quarter valued at approximately $39,000. Finally, Transcendent Capital Group LLC acquired a new stake in shares of CyberArk Software in the third quarter valued at approximately $51,000. Hedge funds and other institutional investors own 91.84% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on CYBR shares. Mizuho upped their price target on shares of CyberArk Software from $310.00 to $325.00 and gave the company an "outperform" rating in a research report on Thursday, October 17th. Robert W. Baird upped their target price on shares of CyberArk Software from $315.00 to $355.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Piper Sandler raised their price target on CyberArk Software from $300.00 to $345.00 and gave the stock an "overweight" rating in a report on Thursday, November 14th. Citigroup upped their price objective on CyberArk Software from $305.00 to $310.00 and gave the company a "buy" rating in a research note on Friday, August 9th. Finally, Canaccord Genuity Group increased their price objective on CyberArk Software from $310.00 to $330.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $328.37.

CyberArk Software Trading Up 2.9 %

Shares of CYBR stock traded up $9.20 during mid-day trading on Thursday, reaching $326.10. The stock had a trading volume of 222,763 shares, compared to its average volume of 523,000. CyberArk Software Ltd. has a 12-month low of $189.44 and a 12-month high of $329.20. The business has a 50-day simple moving average of $288.08 and a 200 day simple moving average of $268.96. The company has a market cap of $14.21 billion, a P/E ratio of 1,173.75 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.48. The company had revenue of $240.10 million during the quarter, compared to analysts' expectations of $234.10 million. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. During the same quarter in the previous year, the business posted ($0.31) earnings per share. The firm's quarterly revenue was up 25.6% compared to the same quarter last year. Research analysts anticipate that CyberArk Software Ltd. will post -0.95 EPS 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.