Park Avenue Securities LLC Grows Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

Park Avenue Securities LLC raised its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 27.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,092 shares of the technology company's stock after acquiring an additional 887 shares during the quarter. Park Avenue Securities LLC's holdings in CyberArk Software were worth $1,363,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Ensign Peak Advisors Inc purchased a new position in CyberArk Software during the second quarter valued at approximately $711,000. HighTower Advisors LLC increased its holdings in shares of CyberArk Software by 16.6% in 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 period. Sycomore Asset Management increased its holdings in shares of CyberArk Software by 36.6% in the second quarter. Sycomore Asset Management now owns 60,781 shares of the technology company's stock worth $15,973,000 after purchasing an additional 16,294 shares during the period. Groupama Asset Managment boosted its stake in CyberArk Software by 0.5% during the third quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company's stock valued at $304,000 after buying an additional 5,402 shares during the period. Finally, Jennison Associates LLC grew its position in CyberArk Software by 0.8% during the third quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company's stock worth $353,386,000 after buying an additional 9,570 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company's stock.

CyberArk Software Stock Performance

Shares of CYBR stock traded down $3.29 during mid-day trading on Monday, reaching $352.22. 534,277 shares of the company's stock traded hands, compared to its average volume of 364,359. CyberArk Software Ltd. has a 12 month low of $223.09 and a 12 month high of $363.00. The firm has a 50 day moving average price of $324.09 and a two-hundred day moving average price of $293.06. The firm has a market capitalization of $15.35 billion, a PE ratio of 1,304.57 and a beta of 1.13.

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

Analysts Set New Price Targets

CYBR has been the topic of several research analyst reports. UBS Group upped their price objective on shares of CyberArk Software from $340.00 to $360.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Wedbush increased their price target on shares of CyberArk Software from $300.00 to $325.00 and gave the stock an "outperform" rating in a report on Tuesday, October 1st. Piper Sandler lifted their price objective on shares of CyberArk Software from $345.00 to $380.00 and gave the stock an "overweight" rating in a report on Monday, January 6th. Mizuho raised their price target on CyberArk Software from $345.00 to $365.00 and gave the company an "outperform" rating in a research report on Friday, December 13th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $335.00 price objective on shares of CyberArk Software in a research report on Thursday, November 14th. One research analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $353.93.

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.