Pamalican Asset Management Ltd purchased a new position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 30,000 shares of the technology company's stock, valued at approximately $9,994,000. CyberArk Software comprises 4.4% of Pamalican Asset Management Ltd's holdings, making the stock its 6th largest holding. Pamalican Asset Management Ltd owned 0.07% of CyberArk Software as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank bought a new position in CyberArk Software in the 4th quarter worth about $203,375,000. Nepsis Inc. lifted its stake in shares of CyberArk Software by 882.4% in the fourth quarter. Nepsis Inc. now owns 562,327 shares of the technology company's stock worth $187,339,000 after buying an additional 505,088 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of CyberArk Software by 32.3% during the fourth quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company's stock valued at $534,287,000 after buying an additional 391,900 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of CyberArk Software by 195.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 508,355 shares of the technology company's stock valued at $170,614,000 after acquiring an additional 336,462 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in CyberArk Software by 144.8% in the 4th quarter. Alliancebernstein L.P. now owns 245,492 shares of the technology company's stock worth $81,786,000 after acquiring an additional 145,221 shares during the last quarter. Institutional investors own 91.84% of the company's stock.
Analysts Set New Price Targets
Several analysts have commented on CYBR shares. Rosenblatt Securities reiterated a "buy" rating and set a $445.00 target price on shares of CyberArk Software in a research note on Wednesday, February 26th. StockNews.com cut CyberArk Software from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Truist Financial decreased their target price on CyberArk Software from $450.00 to $425.00 and set a "buy" rating for the company in a research report on Monday, March 31st. JPMorgan Chase & Co. raised their price target on shares of CyberArk Software from $375.00 to $431.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Finally, Robert W. Baird boosted their price objective 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. Two equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $418.04.
Check Out Our Latest Report on CyberArk Software
CyberArk Software Price Performance
NASDAQ CYBR traded down $3.70 on Wednesday, hitting $311.60. The stock had a trading volume of 513,612 shares, compared to its average volume of 631,638. CyberArk Software Ltd. has a 52-week low of $223.41 and a 52-week high of $421.00. The business's fifty day moving average price is $358.45 and its 200 day moving average price is $329.22. The stock has a market cap of $15.40 billion, a price-to-earnings ratio of -159.81 and a beta of 1.00.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly 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 positive return on equity of 0.45% and a negative net margin of 9.34%. As a group, sell-side analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current year.
CyberArk Software Company Profile
(
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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