Teacher Retirement System of Texas lifted its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 137.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,518 shares of the technology company's stock after buying an additional 6,673 shares during the period. Teacher Retirement System of Texas' holdings in CyberArk Software were worth $3,837,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of CYBR. Vinva Investment Management Ltd lifted its position in CyberArk Software by 171.7% in the 4th quarter. Vinva Investment Management Ltd now owns 11,662 shares of the technology company's stock worth $3,727,000 after buying an additional 7,369 shares in the last quarter. Evoke Wealth LLC acquired a new stake in CyberArk Software during the fourth quarter valued at $258,000. Advisors Asset Management Inc. boosted its position in CyberArk Software by 6.1% during the fourth quarter. Advisors Asset Management Inc. now owns 12,205 shares of the technology company's stock valued at $4,066,000 after purchasing an additional 699 shares during the last quarter. Tocqueville Asset Management L.P. grew its stake in CyberArk Software by 7.3% in the fourth quarter. Tocqueville Asset Management L.P. now owns 22,520 shares of the technology company's stock valued at $7,503,000 after purchasing an additional 1,540 shares in the last quarter. Finally, Signaturefd LLC increased its position in CyberArk Software by 6.1% in the 4th quarter. Signaturefd LLC now owns 1,279 shares of the technology company's stock worth $426,000 after purchasing an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 91.84% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on CYBR shares. Mizuho boosted their price target on CyberArk Software from $345.00 to $365.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. Robert W. Baird boosted their target price on shares of CyberArk Software from $455.00 to $465.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 25th. Wells Fargo & Company increased their price target on shares of CyberArk Software from $425.00 to $500.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Barclays lifted their price objective on shares of CyberArk Software from $375.00 to $450.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Finally, Morgan Stanley initiated coverage on shares of CyberArk Software in a report on Tuesday, March 18th. They issued an "equal weight" rating for the company. Two equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $418.15.
View Our Latest Stock Report on CyberArk Software
CyberArk Software Trading Down 2.1 %
CYBR stock traded down $7.21 during trading on Thursday, reaching $341.21. 264,593 shares of the stock were exchanged, compared to its average volume of 494,768. CyberArk Software Ltd. has a twelve month low of $223.41 and a twelve month high of $421.00. The company has a market capitalization of $16.86 billion, a P/E ratio of -174.98 and a beta of 1.06. The stock has a 50 day simple moving average of $364.49 and a 200-day simple moving average of $325.26.
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 (EPS) for the quarter, missing analysts' consensus estimates 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%. Equities analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current year.
CyberArk Software Profile
(
Free Report)
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.
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