Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 12.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,180 shares of the technology company's stock after purchasing an additional 3,628 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.07% of CyberArk Software worth $10,924,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its position in shares of CyberArk Software by 5.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 29,600 shares of the technology company's stock worth $8,632,000 after acquiring an additional 1,557 shares during the last quarter. MetLife Investment Management LLC grew its position in CyberArk Software by 5.4% during the 3rd quarter. MetLife Investment Management LLC now owns 3,900 shares of the technology company's stock worth $1,137,000 after purchasing an additional 200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in CyberArk Software by 3.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,725 shares of the technology company's stock worth $9,543,000 after purchasing an additional 1,232 shares during the last quarter. Financial Counselors Inc. acquired a new position in CyberArk Software in the third quarter valued at $218,000. Finally, Benjamin Edwards Inc. raised its holdings in shares of CyberArk Software by 147.1% in the third quarter. Benjamin Edwards Inc. now owns 3,299 shares of the technology company's stock valued at $962,000 after buying an additional 1,964 shares during the last quarter. Hedge funds and other institutional investors own 91.84% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the company. KeyCorp raised their price target on CyberArk Software from $400.00 to $485.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Citigroup lifted their target price on CyberArk Software from $410.00 to $450.00 and gave the company a "buy" rating in a research note on Monday, March 3rd. Barclays upped their price target on CyberArk Software from $375.00 to $450.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Robert W. Baird lifted their price objective on shares of CyberArk Software from $455.00 to $465.00 and gave the company an "outperform" rating in a research report on Tuesday, February 25th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $415.00 price objective on shares of CyberArk Software in a research report on Monday, January 27th. Two investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $418.04.
Read Our Latest Analysis on CYBR
CyberArk Software Stock Down 6.6 %
Shares of CYBR traded down $21.50 during trading hours on Friday, reaching $306.46. 914,137 shares of the company traded hands, compared to its average volume of 513,495. The stock has a fifty day simple moving average of $361.79 and a 200 day simple moving average of $328.40. CyberArk Software Ltd. has a fifty-two week low of $223.41 and a fifty-two week high of $421.00. The stock has a market capitalization of $15.15 billion, a PE ratio of -157.16 and a beta of 1.06.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Research analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.
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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