Envestnet Asset Management Inc. Raises Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Envestnet Asset Management Inc. increased its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 8.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 145,253 shares of the technology company's stock after purchasing an additional 11,841 shares during the period. Envestnet Asset Management Inc. owned approximately 0.33% of CyberArk Software worth $48,391,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CYBR. Norges Bank bought a new stake in shares of CyberArk Software during the 4th quarter valued at about $203,375,000. Nepsis Inc. increased its holdings in CyberArk Software by 882.4% during the fourth quarter. Nepsis Inc. now owns 562,327 shares of the technology company's stock valued at $187,339,000 after buying an additional 505,088 shares during the last quarter. Jennison Associates LLC increased its holdings in CyberArk Software by 32.3% during the fourth quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company's stock valued at $534,287,000 after buying an additional 391,900 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of CyberArk Software by 195.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 508,355 shares of the technology company's stock worth $170,614,000 after acquiring an additional 336,462 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of CyberArk Software by 144.8% during the 4th quarter. Alliancebernstein L.P. now owns 245,492 shares of the technology company's stock worth $81,786,000 after acquiring an additional 145,221 shares during the last quarter. Institutional investors own 91.84% of the company's stock.

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CyberArk Software Stock Up 1.4 %

NASDAQ CYBR traded up $4.70 during trading hours on Wednesday, hitting $339.03. 87,880 shares of the company were exchanged, compared to its average volume of 529,062. CyberArk Software Ltd. has a 52 week low of $223.41 and a 52 week high of $421.00. The stock has a 50-day moving average price of $354.77 and a 200 day moving average price of $331.43. The stock has a market cap of $16.76 billion, a PE ratio of -173.71 and a beta of 1.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings results 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 positive return on equity of 0.45% and a negative net margin of 9.34%. As a group, sell-side analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CYBR. Oppenheimer raised their target price on CyberArk Software from $360.00 to $420.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. DA Davidson lowered their price objective on CyberArk Software from $475.00 to $415.00 and set a "buy" rating on the stock in a research report on Monday. Morgan Stanley started coverage on shares of CyberArk Software in a report on Tuesday, March 18th. They issued an "equal weight" rating for the company. Truist Financial lowered their price target on shares of CyberArk Software from $450.00 to $425.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Finally, Needham & Company LLC reissued a "buy" rating and issued a $480.00 price objective on shares of CyberArk Software in a research note on Thursday, March 20th. Two analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, CyberArk Software currently has an average rating of "Moderate Buy" and an average price target of $414.64.

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.