CyberArk Software Ltd. (NASDAQ:CYBR) Shares Acquired by Y.D. More Investments Ltd

Y.D. More Investments Ltd grew its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 7.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 6,936 shares of the technology company’s stock after acquiring an additional 488 shares during the period. Y.D. More Investments Ltd’s holdings in CyberArk Software were worth $2,311,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Stratos Wealth Partners LTD. purchased a new position in CyberArk Software in the fourth quarter valued at approximately $218,000. Brown Lisle Cummings Inc. purchased a new position in shares of CyberArk Software in the 4th quarter valued at $50,000. Alliance Wealth Advisors LLC UT lifted its holdings in shares of CyberArk Software by 6.9% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 4,181 shares of the technology company’s stock valued at $1,393,000 after acquiring an additional 270 shares in the last quarter. Jennison Associates LLC boosted 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 during the period. Finally, Resonant Capital Advisors LLC purchased a new stake in CyberArk Software during the 4th quarter worth $228,000. 91.84% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Stock Performance

Shares of NASDAQ:CYBR opened at $376.21 on Wednesday. The firm has a 50 day simple moving average of $337.03 and a 200 day simple moving average of $301.09. CyberArk Software Ltd. has a 52 week low of $223.09 and a 52 week high of $378.78. The company has a market cap of $16.39 billion, a PE ratio of 1,393.42 and a beta of 1.15.

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CYBR. Robert W. Baird increased their target price on CyberArk Software from $355.00 to $370.00 and gave the company an “outperform” rating in a research note on Tuesday, December 17th. KeyCorp upped their target price on shares of CyberArk Software from $355.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Wells Fargo & Company lifted their price target on shares of CyberArk Software from $410.00 to $425.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Rosenblatt Securities raised their target price on CyberArk Software from $345.00 to $415.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Finally, Barclays boosted their price target on CyberArk Software from $330.00 to $335.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $367.44.

CyberArk Software 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.