Jennison Associates LLC Has $353.39 Million Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Jennison Associates LLC boosted its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 0.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,211,844 shares of the technology company's stock after buying an additional 9,570 shares during the quarter. Jennison Associates LLC owned approximately 2.78% of CyberArk Software worth $353,386,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CYBR. RGM Capital LLC boosted its position in CyberArk Software by 2.1% during the 2nd quarter. RGM Capital LLC now owns 814,129 shares of the technology company's stock valued at $222,599,000 after purchasing an additional 16,530 shares during the period. Whale Rock Capital Management LLC boosted its holdings in shares of CyberArk Software by 21.6% during the first quarter. Whale Rock Capital Management LLC now owns 459,828 shares of the technology company's stock valued at $122,144,000 after acquiring an additional 81,801 shares during the period. Swedbank AB grew its position in shares of CyberArk Software by 11.1% during the third quarter. Swedbank AB now owns 457,899 shares of the technology company's stock worth $133,528,000 after acquiring an additional 45,799 shares during the last quarter. 1832 Asset Management L.P. grew its position in shares of CyberArk Software by 1,291.7% during the first quarter. 1832 Asset Management L.P. now owns 386,365 shares of the technology company's stock worth $102,630,000 after acquiring an additional 358,602 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in CyberArk Software in the 3rd quarter valued at about $82,485,000. Institutional investors and hedge funds own 91.84% of the company's stock.

CyberArk Software Trading Up 0.6 %

NASDAQ:CYBR traded up $1.78 during mid-day trading on Wednesday, hitting $316.78. The company's stock had a trading volume of 292,393 shares, compared to its average volume of 523,933. The company has a market capitalization of $13.80 billion, a price-to-earnings ratio of 1,166.71 and a beta of 1.13. CyberArk Software Ltd. has a fifty-two week low of $186.96 and a fifty-two week high of $318.64. The stock has a fifty day moving average of $287.06 and a 200-day moving average of $268.62.

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 (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.48. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The firm had revenue of $240.10 million during the quarter, compared to analyst estimates of $234.10 million. During the same period in the prior year, the company posted ($0.31) earnings per share. The business's revenue for the quarter was up 25.6% compared to the same quarter last year. On average, equities analysts anticipate that CyberArk Software Ltd. will post -0.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CYBR has been the subject of several recent analyst reports. Canaccord Genuity Group upped their target price on shares of CyberArk Software from $310.00 to $330.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Mizuho raised their target price on CyberArk Software from $310.00 to $325.00 and gave the company an "outperform" rating in a research report on Thursday, October 17th. Wells Fargo & Company boosted their price target on CyberArk Software from $300.00 to $350.00 and gave the stock an "overweight" rating in a research report on Thursday, November 14th. Piper Sandler raised their price target on CyberArk Software from $300.00 to $345.00 and gave the company an "overweight" rating in a report on Thursday, November 14th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $310.00 price objective on shares of CyberArk Software in a report on Tuesday, August 6th. One investment analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $328.37.

About CyberArk Software

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.