Victory Capital Management Inc. lessened its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 81,030 shares of the technology company's stock after selling 1,710 shares during the period. Victory Capital Management Inc. owned about 0.19% of CyberArk Software worth $26,995,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in CYBR. Jennison Associates LLC boosted its holdings in shares of CyberArk Software by 32.3% during the 4th quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company's stock valued at $534,287,000 after acquiring an additional 391,900 shares during the last quarter. Groupama Asset Managment boosted its holdings in CyberArk Software by 0.5% in the third quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company's stock worth $304,000 after purchasing an additional 5,402 shares during the last quarter. Nepsis Inc. grew its position 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 purchasing an additional 505,088 shares during the period. TimesSquare Capital Management LLC raised its stake in CyberArk Software by 4.6% during the 4th quarter. TimesSquare Capital Management LLC now owns 560,353 shares of the technology company's stock valued at $186,682,000 after buying an additional 24,805 shares during the last quarter. Finally, Swedbank AB raised its stake in CyberArk Software by 19.0% during the 4th quarter. Swedbank AB now owns 545,100 shares of the technology company's stock valued at $181,600,000 after buying an additional 87,201 shares during the last quarter. Hedge funds and other institutional investors own 91.84% of the company's stock.
CyberArk Software Stock Performance
Shares of CyberArk Software stock traded up $17.33 during trading on Friday, hitting $339.47. 564,219 shares of the company's stock were exchanged, compared to its average volume of 493,627. The stock has a market capitalization of $14.79 billion, a price-to-earnings ratio of -174.09 and a beta of 1.06. The business has a 50-day simple moving average of $363.85 and a 200-day simple moving average of $320.51. 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 (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%. On average, equities analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the company. Rosenblatt Securities reiterated a "buy" rating and set a $445.00 target price on shares of CyberArk Software in a research report on Wednesday, February 26th. Robert W. Baird lifted their price objective on CyberArk Software from $455.00 to $465.00 and gave the company an "outperform" rating in a research report on Tuesday, February 25th. Truist Financial boosted their price objective on CyberArk Software from $385.00 to $450.00 and gave the company a "buy" rating in a research note on Friday, February 14th. JMP Securities lifted their price target on shares of CyberArk Software from $390.00 to $480.00 and gave the company a "market outperform" rating in a report on Friday, February 14th. Finally, Barclays upped their price target on shares of CyberArk Software from $375.00 to $450.00 and gave the stock an "overweight" rating in a research report 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. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $418.15.
Read Our Latest Research Report on CYBR
CyberArk Software Profile
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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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