Thrivent Financial for Lutherans decreased its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 1.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 99,957 shares of the technology company's stock after selling 1,969 shares during the period. Thrivent Financial for Lutherans owned approximately 0.23% of CyberArk Software worth $33,301,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Nepsis Inc. raised its stake in CyberArk Software by 882.4% in the 4th quarter. Nepsis Inc. now owns 562,327 shares of the technology company's stock worth $187,339,000 after acquiring an additional 505,088 shares during the last quarter. Jennison Associates LLC raised its stake in shares of CyberArk Software by 32.3% in the fourth 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 during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings 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 purchasing an additional 336,462 shares during the period. Swedbank AB lifted its holdings in shares of CyberArk Software by 19.0% during the fourth quarter. Swedbank AB now owns 545,100 shares of the technology company's stock worth $181,600,000 after purchasing an additional 87,201 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd boosted its position in CyberArk Software by 138.8% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 143,252 shares of the technology company's stock valued at $47,724,000 after buying an additional 83,252 shares during the last quarter. Hedge funds and other institutional investors own 91.84% of the company's stock.
Analyst Upgrades and Downgrades
CYBR has been the subject of several research reports. DA Davidson restated a "buy" rating and set a $475.00 price objective on shares of CyberArk Software in a research note on Tuesday, February 25th. Scotiabank boosted their target price on shares of CyberArk Software from $340.00 to $400.00 and gave the company a "sector outperform" rating in a research report on Tuesday, January 21st. Stifel Nicolaus upped their price target on shares of CyberArk Software from $370.00 to $444.00 and gave the company a "buy" rating in a report on Friday, February 14th. Barclays lifted their price objective on CyberArk Software from $375.00 to $450.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Finally, JMP Securities upped their target price on CyberArk Software from $390.00 to $480.00 and gave the stock a "market outperform" rating in a research note on Friday, February 14th. Two analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $418.15.
Check Out Our Latest Stock Report on CyberArk Software
CyberArk Software Price Performance
CyberArk Software stock traded up $7.28 during trading on Tuesday, reaching $358.28. 413,019 shares of the company were exchanged, compared to its average volume of 615,909. The stock's 50 day simple moving average is $364.42 and its two-hundred day simple moving average is $324.32. The company has a market capitalization of $17.71 billion, a P/E ratio of -183.73 and a beta of 1.06. CyberArk Software Ltd. has a 52-week low of $223.41 and a 52-week high of $421.00.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share for the quarter, missing the consensus estimate 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, equities analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.
About CyberArk Software
(
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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