Quantessence Capital LLC Purchases New Shares in CyberArk Software Ltd. (NASDAQ:CYBR)

Quantessence Capital LLC bought a new position 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 Securities & Exchange Commission. The fund bought 2,055 shares of the technology company's stock, valued at approximately $685,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Jennison Associates LLC increased its position in CyberArk Software by 32.3% during the 4th quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company's stock worth $534,287,000 after purchasing an additional 391,900 shares in the last quarter. First Trust Advisors LP grew its stake in shares of CyberArk Software by 2.3% during the fourth quarter. First Trust Advisors LP now owns 939,768 shares of the technology company's stock worth $313,084,000 after buying an additional 20,832 shares during the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of CyberArk Software by 8.4% during the fourth quarter. Pictet Asset Management Holding SA now owns 878,435 shares of the technology company's stock worth $292,651,000 after buying an additional 68,359 shares in the last quarter. Norges Bank acquired a new position in shares of CyberArk Software during the fourth quarter worth $203,375,000. Finally, Nepsis Inc. lifted its stake in shares of CyberArk Software by 882.4% in the 4th quarter. Nepsis Inc. now owns 562,327 shares of the technology company's stock valued at $187,339,000 after acquiring an additional 505,088 shares during the last quarter. Institutional investors own 91.84% of the company's stock.

Wall Street Analyst Weigh In

CYBR has been the subject of a number of recent research reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $480.00 target price on shares of CyberArk Software in a report on Thursday, March 20th. Roth Capital started coverage on CyberArk Software in a research note on Wednesday. They issued a "buy" rating and a $415.00 price objective for the company. Stephens assumed coverage on shares of CyberArk Software in a research report on Tuesday, April 1st. They set an "overweight" rating and a $440.00 target price on the stock. Stifel Nicolaus raised their price target on shares of CyberArk Software from $370.00 to $444.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Finally, Robert W. Baird boosted their price objective on shares of CyberArk Software from $455.00 to $465.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, CyberArk Software currently has a consensus rating of "Buy" and an average price target of $415.18.

CyberArk Software Trading Up 1.2 %

CYBR stock traded up $4.06 during trading on Friday, reaching $349.29. 347,600 shares of the stock were exchanged, compared to its average volume of 535,933. The firm's 50 day moving average is $343.93 and its 200 day moving average is $333.85. CyberArk Software Ltd. has a twelve month low of $223.41 and a twelve month high of $421.00. The firm has a market cap of $17.26 billion, a P/E ratio of -179.12 and a beta of 1.00.

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 analysts' consensus estimates 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%. As a group, analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

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.