Sei Investments Co. Acquires 13,823 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Sei Investments Co. increased its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 12.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 128,406 shares of the technology company’s stock after purchasing an additional 13,823 shares during the quarter. Sei Investments Co.’s holdings in CyberArk Software were worth $42,779,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in CyberArk Software in the fourth quarter worth $25,000. TD Private Client Wealth LLC boosted its position in shares of CyberArk Software by 79.1% during the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock worth $26,000 after purchasing an additional 34 shares in the last quarter. Plato Investment Management Ltd acquired a new stake in shares of CyberArk Software in the 4th quarter valued at about $39,000. Montag A & Associates Inc. increased its position in CyberArk Software by 47.2% in the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock valued at $44,000 after buying an additional 42 shares in the last quarter. Finally, Brown Lisle Cummings Inc. acquired a new position in CyberArk Software during the 4th quarter worth approximately $50,000. Institutional investors own 91.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CYBR shares. Citigroup raised their price objective on CyberArk Software from $410.00 to $450.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. Morgan Stanley assumed coverage on shares of CyberArk Software in a research report on Tuesday, March 18th. They issued an “equal weight” rating for the company. Scotiabank upped their price objective on shares of CyberArk Software from $340.00 to $400.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 21st. DA Davidson reiterated a “buy” rating and set a $475.00 price objective on shares of CyberArk Software in a report on Tuesday, February 25th. Finally, Robert W. Baird upped their target price on shares of CyberArk Software from $455.00 to $465.00 and gave the stock an “outperform” rating in a report on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CyberArk Software has an average rating of “Moderate Buy” and a consensus target price of $418.15.

CyberArk Software Trading Down 0.2 %

Shares of NASDAQ CYBR opened at $351.00 on Tuesday. The stock has a fifty day simple moving average of $364.42 and a two-hundred day simple moving average of $324.32. CyberArk Software Ltd. has a 1-year low of $223.41 and a 1-year high of $421.00. The firm has a market cap of $17.35 billion, a price-to-earnings ratio of -180.00 and a beta of 1.06.

CyberArk Software (NASDAQ:CYBR) last posted 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 positive return on equity of 0.45% and a negative net margin of 9.34%. Analysts forecast that CyberArk Software Ltd. will post -0.47 EPS 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.