Prudential PLC Acquires New Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Prudential PLC purchased a new stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,247 shares of the technology company's stock, valued at approximately $415,000.

Other large investors have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of CyberArk Software in the fourth quarter worth about $25,000. TD Private Client Wealth LLC increased its stake in shares of CyberArk Software by 79.1% during the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock valued at $26,000 after buying an additional 34 shares during the period. Plato Investment Management Ltd bought a new position in shares of CyberArk Software during the fourth quarter valued at approximately $39,000. Graney & King LLC bought a new stake in CyberArk Software in the fourth quarter valued at $43,000. Finally, Montag A & Associates Inc. increased its position in CyberArk Software by 47.2% during the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock valued at $44,000 after purchasing an additional 42 shares during the period. Institutional investors own 91.84% of the company's stock.

CyberArk Software Stock Performance

Shares of NASDAQ CYBR traded up $3.06 during midday trading on Monday, reaching $352.50. The stock had a trading volume of 118,495 shares, compared to its average volume of 526,291. The stock has a 50-day moving average of $356.48 and a 200-day moving average of $330.98. CyberArk Software Ltd. has a 12-month low of $223.41 and a 12-month high of $421.00. The company has a market capitalization of $17.42 billion, a price-to-earnings ratio of -180.77 and a beta of 1.00.

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CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) 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%. As a group, analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CYBR has been the subject of a number of research reports. Truist Financial decreased their price target on shares of CyberArk Software from $450.00 to $425.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Canaccord Genuity Group increased their price objective on CyberArk Software from $330.00 to $440.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Citigroup boosted their target price on shares of CyberArk Software from $410.00 to $450.00 and gave the company a "buy" rating in a report on Monday, March 3rd. Rosenblatt Securities reissued a "buy" rating and set a $445.00 price objective on shares of CyberArk Software in a research note on Wednesday, February 26th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $415.00 target price on shares of CyberArk Software in a research note on Monday, January 27th. Two research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $414.64.

CyberArk Software Profile

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.