CyberArk Software Ltd. (NASDAQ:CYBR) Shares Purchased by First Trust Advisors LP

First Trust Advisors LP grew its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 2.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 939,768 shares of the technology company's stock after acquiring an additional 20,832 shares during the quarter. First Trust Advisors LP owned about 2.16% of CyberArk Software worth $313,084,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CYBR. Wilmington Savings Fund Society FSB purchased a new position in CyberArk Software in the 3rd quarter valued at about $144,000. Oddo BHF Asset Management Sas acquired a new position in shares of CyberArk Software in the third quarter valued at approximately $1,135,000. Central Pacific Bank Trust Division purchased a new position in shares of CyberArk Software during the fourth quarter valued at approximately $860,000. Nordea Investment Management AB boosted its position in CyberArk Software by 7.9% during the fourth quarter. Nordea Investment Management AB now owns 3,024 shares of the technology company's stock worth $993,000 after acquiring an additional 221 shares during the last quarter. Finally, Silverleafe Capital Partners LLC purchased a new stake in CyberArk Software in the 4th quarter worth approximately $799,000. Institutional investors and hedge funds own 91.84% of the company's stock.

CyberArk Software Price Performance

Shares of NASDAQ:CYBR traded up $14.51 during midday trading on Thursday, reaching $348.09. The company had a trading volume of 319,257 shares, compared to its average volume of 534,850. CyberArk Software Ltd. has a one year low of $223.41 and a one year high of $421.00. The stock has a market capitalization of $17.20 billion, a P/E ratio of -178.15 and a beta of 1.00. The stock's fifty day moving average price is $346.50 and its 200-day moving average price is $332.91.

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

Wall Street Analyst Weigh In

CYBR has been the topic of several analyst reports. Wells Fargo & Company raised their price objective on CyberArk Software from $425.00 to $500.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. JMP Securities raised their price target on CyberArk Software from $390.00 to $480.00 and gave the stock a "market outperform" rating in a research note on Friday, February 14th. Truist Financial dropped their price objective on shares of CyberArk Software from $450.00 to $425.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Robert W. Baird boosted their target price on shares of CyberArk Software from $455.00 to $465.00 and gave the company an "outperform" rating in a report on Tuesday, February 25th. Finally, Oppenheimer upped their price target on shares of CyberArk Software from $360.00 to $420.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 5th. Two equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $411.72.

CyberArk Software 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.