F M Investments LLC Takes $2.06 Million Position in CyberArk Software Ltd. (NASDAQ:CYBR)

F M Investments LLC bought a new position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 6,191 shares of the technology company's stock, valued at approximately $2,063,000.

A number of other institutional investors have also recently made changes to their positions in CYBR. CenterBook Partners LP grew its position in CyberArk Software by 2.4% in the 4th quarter. CenterBook Partners LP now owns 1,603 shares of the technology company's stock worth $534,000 after purchasing an additional 38 shares during the period. Raymond James Financial Inc. bought a new stake in shares of CyberArk Software in the fourth quarter worth $18,106,000. APG Asset Management N.V. raised its stake in CyberArk Software by 7.8% during the 4th quarter. APG Asset Management N.V. now owns 1,915 shares of the technology company's stock valued at $616,000 after purchasing an additional 139 shares during the period. Cerity Partners LLC raised its position in shares of CyberArk Software by 0.7% during the fourth quarter. Cerity Partners LLC now owns 53,118 shares of the technology company's stock valued at $17,159,000 after buying an additional 373 shares during the last quarter. Finally, Federated Hermes Inc. grew its stake in CyberArk Software by 6.7% during the fourth quarter. Federated Hermes Inc. now owns 314,031 shares of the technology company's stock valued at $104,619,000 after acquiring an additional 19,837 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company's stock.

CyberArk Software Stock Performance

CYBR stock traded down $3.27 during trading on Thursday, reaching $328.03. 198,159 shares of the company traded hands, compared to its average volume of 531,196. The company has a market capitalization of $16.21 billion, a price-to-earnings ratio of -168.24 and a beta of 1.00. The business has a 50 day simple moving average of $353.71 and a 200 day simple moving average of $331.43. CyberArk Software Ltd. has a 12 month low of $223.41 and a 12 month high of $421.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued 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 positive return on equity of 0.45% and a negative net margin of 9.34%. As a group, research analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CYBR. Scotiabank boosted their target price on CyberArk Software from $340.00 to $400.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, January 21st. Rosenblatt Securities restated a "buy" rating and issued a $445.00 price target on shares of CyberArk Software in a research report on Wednesday, February 26th. Citigroup lifted their price objective on shares of CyberArk Software from $410.00 to $450.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. Barclays reduced their price objective on CyberArk Software from $450.00 to $405.00 and set an "overweight" rating on the stock in a research note on Monday. Finally, KeyCorp cut their target price on CyberArk Software from $485.00 to $425.00 and set an "overweight" rating on the stock in a research report on Thursday. Two equities research 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $412.14.

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.