Russell Investments Group Ltd. Grows Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Russell Investments Group Ltd. boosted its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 11.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,451 shares of the technology company's stock after buying an additional 3,089 shares during the quarter. Russell Investments Group Ltd. owned 0.07% of CyberArk Software worth $9,810,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of CyberArk Software in the fourth quarter valued at $203,375,000. Nepsis Inc. grew its position in shares of CyberArk Software by 882.4% during 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 position 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 worth $534,287,000 after buying an additional 391,900 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake 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 worth $170,614,000 after buying an additional 336,462 shares during the period. Finally, Alliancebernstein L.P. raised its holdings in CyberArk Software by 144.8% in the fourth quarter. Alliancebernstein L.P. now owns 245,492 shares of the technology company's stock valued at $81,786,000 after acquiring an additional 145,221 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company's stock.

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Analysts Set New Price Targets

CYBR has been the topic of a number of recent analyst reports. Rosenblatt Securities reissued a "buy" rating and issued a $445.00 price objective on shares of CyberArk Software in a research report on Wednesday, February 26th. DA Davidson cut their target price on CyberArk Software from $475.00 to $415.00 and set a "buy" rating on the stock in a research report on Monday. Robert W. Baird upped their price target on CyberArk Software from $455.00 to $465.00 and gave the company an "outperform" rating in a report on Tuesday, February 25th. Morgan Stanley began coverage on shares of CyberArk Software in a report on Tuesday, March 18th. They issued an "equal weight" rating for the company. Finally, StockNews.com downgraded shares of CyberArk Software from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Two analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $414.64.

CyberArk Software Trading Down 2.6 %

Shares of CYBR traded down $9.02 during trading hours on Tuesday, reaching $334.33. The company had a trading volume of 1,048,987 shares, compared to its average volume of 531,301. CyberArk Software Ltd. has a 12-month low of $223.41 and a 12-month high of $421.00. The firm has a 50 day simple moving average of $355.74 and a 200-day simple moving average of $331.41. The company has a market capitalization of $16.52 billion, a price-to-earnings ratio of -171.45 and a beta of 1.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its 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%. Sell-side analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

CyberArk Software Company 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.