China Universal Asset Management Co. Ltd. Purchases New Shares in CyberArk Software Ltd. (NASDAQ:CYBR)

China Universal Asset Management Co. Ltd. acquired a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,500 shares of the technology company’s stock, valued at approximately $1,166,000.

A number of other hedge funds have also bought and sold shares of CYBR. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of CyberArk Software in the fourth quarter worth approximately $25,000. Assetmark Inc. grew its position in CyberArk Software by 1,025.0% in the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after acquiring an additional 123 shares during the last quarter. Transcendent Capital Group LLC purchased a new stake in CyberArk Software in the third quarter worth $51,000. Kieckhefer Group LLC bought a new stake in shares of CyberArk Software during the fourth quarter worth $67,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in shares of CyberArk Software during the third quarter valued at $87,000. Institutional investors own 91.84% of the company’s stock.

Wall Street Analysts Forecast Growth

CYBR has been the topic of several recent analyst reports. Oppenheimer raised their price target on shares of CyberArk Software from $310.00 to $360.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Robert W. Baird raised their target price on shares of CyberArk Software from $355.00 to $370.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 17th. JPMorgan Chase & Co. lifted their price target on shares of CyberArk Software from $355.00 to $375.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. DA Davidson increased their price objective on CyberArk Software from $360.00 to $390.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Finally, Scotiabank raised their price objective on CyberArk Software from $340.00 to $400.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 21st. One analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $367.44.

CyberArk Software Price Performance

CyberArk Software stock opened at $370.98 on Friday. CyberArk Software Ltd. has a 1-year low of $223.09 and a 1-year high of $378.62. The business has a fifty day moving average price of $335.12 and a 200-day moving average price of $299.27. The stock has a market capitalization of $16.16 billion, a price-to-earnings ratio of 1,374.05 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.48. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The business had revenue of $240.10 million during the quarter, compared to the consensus estimate of $234.10 million. During the same quarter last year, the company earned ($0.31) earnings per share. The company’s quarterly revenue was up 25.6% on a year-over-year basis. On average, equities research analysts anticipate that CyberArk Software Ltd. will post -0.58 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.