Geode Capital Management LLC Grows Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Geode Capital Management LLC lifted its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 4.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 372,231 shares of the technology company's stock after buying an additional 14,724 shares during the period. Geode Capital Management LLC owned approximately 0.85% of CyberArk Software worth $108,020,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Ensign Peak Advisors Inc acquired a new stake in CyberArk Software during the 2nd quarter valued at approximately $711,000. HighTower Advisors LLC raised its holdings in shares of CyberArk Software by 16.6% during the third quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company's stock worth $4,212,000 after purchasing an additional 2,062 shares during the last quarter. Sycomore Asset Management lifted its position in CyberArk Software by 36.6% during the second quarter. Sycomore Asset Management now owns 60,781 shares of the technology company's stock valued at $15,973,000 after purchasing an additional 16,294 shares during the period. Jennison Associates LLC boosted its holdings in CyberArk Software by 0.8% in the third quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company's stock valued at $353,386,000 after purchasing an additional 9,570 shares during the last quarter. Finally, Groupama Asset Managment grew its position in CyberArk Software by 0.5% during the 3rd quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company's stock worth $304,000 after purchasing an additional 5,402 shares during the period. 91.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. JMP Securities boosted their price objective on CyberArk Software from $310.00 to $360.00 and gave the company a "market outperform" rating in a report on Thursday, November 14th. BTIG Research boosted their price target on CyberArk Software from $310.00 to $325.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Susquehanna upped their price objective on CyberArk Software from $320.00 to $345.00 and gave the stock a "positive" rating in a research report on Thursday, November 14th. Jefferies Financial Group raised their price objective on shares of CyberArk Software from $315.00 to $330.00 and gave the stock a "buy" rating in a research note on Tuesday, September 24th. Finally, Wells Fargo & Company boosted their target price on shares of CyberArk Software from $300.00 to $350.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. One analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $336.41.

CyberArk Software Stock Up 3.3 %

Shares of CyberArk Software stock traded up $10.10 on Thursday, hitting $315.18. 683,817 shares of the company were exchanged, compared to its average volume of 516,951. The company has a 50-day moving average price of $304.74 and a 200 day moving average price of $280.48. The stock has a market capitalization of $13.73 billion, a price-to-earnings ratio of 1,167.38 and a beta of 1.13. CyberArk Software Ltd. has a 1-year low of $205.59 and a 1-year high of $333.32.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.48. The company had revenue of $240.10 million for the quarter, compared to analyst estimates of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The firm's revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.31) earnings per share. Research analysts forecast that CyberArk Software Ltd. will post -0.58 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.