MIG Capital LLC purchased a new stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 1,063 shares of the technology company's stock, valued at approximately $354,000. CyberArk Software accounts for about 0.0% of MIG Capital LLC's portfolio, making the stock its 27th largest position.
Several other institutional investors have also modified their holdings of CYBR. Jennison Associates LLC grew its holdings in CyberArk Software by 32.3% in the fourth quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company's stock valued at $534,287,000 after purchasing an additional 391,900 shares during the last quarter. Groupama Asset Managment boosted its position in shares of CyberArk Software by 0.5% in the 3rd quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company's stock worth $304,000 after buying an additional 5,402 shares in the last quarter. Pictet Asset Management Holding SA grew its stake in CyberArk Software by 8.4% in the 4th quarter. Pictet Asset Management Holding SA now owns 878,435 shares of the technology company's stock valued at $292,651,000 after acquiring an additional 68,359 shares during the last quarter. Norges Bank purchased a new position in CyberArk Software during the 4th quarter valued at about $203,375,000. Finally, Nepsis Inc. raised its position in CyberArk Software by 882.4% during the fourth quarter. Nepsis Inc. now owns 562,327 shares of the technology company's stock worth $187,339,000 after acquiring an additional 505,088 shares during the last quarter. Hedge funds and other institutional investors own 91.84% of the company's stock.
CyberArk Software Price Performance
CYBR traded up $4.32 during trading hours on Friday, reaching $346.54. 372,008 shares of the stock traded hands, compared to its average volume of 525,654. CyberArk Software Ltd. has a fifty-two week low of $223.41 and a fifty-two week high of $421.00. The company has a market cap of $17.13 billion, a price-to-earnings ratio of -177.68 and a beta of 1.00. The firm's fifty day simple moving average is $357.01 and its two-hundred day simple moving average is $330.22.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share for the quarter, missing the consensus estimate 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%. On average, research analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.
Analyst Ratings Changes
A number of research analysts have recently weighed in on the stock. KeyCorp raised their price objective on shares of CyberArk Software from $400.00 to $485.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Barclays raised their price target on CyberArk Software from $375.00 to $450.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Stephens began coverage on CyberArk Software in a research report on Tuesday, April 1st. They issued an "overweight" rating and a $440.00 price objective on the stock. Guggenheim reiterated a "buy" rating and set a $455.00 price objective on shares of CyberArk Software in a research report on Tuesday, February 25th. Finally, Oppenheimer upped their target price on shares of CyberArk Software from $360.00 to $420.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Two analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $418.39.
View Our Latest Analysis on CyberArk Software
About CyberArk Software
(
Free Report)
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.
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