Blair William & Co. IL Acquires 8,222 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Blair William & Co. IL lifted its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 5.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 167,202 shares of the technology company’s stock after purchasing an additional 8,222 shares during the quarter. Blair William & Co. IL owned 0.38% of CyberArk Software worth $55,703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of CyberArk Software by 12.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 32,180 shares of the technology company’s stock worth $10,924,000 after acquiring an additional 3,628 shares during the period. Korea Investment CORP grew its position in CyberArk Software by 65.2% in the 4th quarter. Korea Investment CORP now owns 27,272 shares of the technology company’s stock worth $9,086,000 after purchasing an additional 10,760 shares during the period. Graney & King LLC purchased a new stake in CyberArk Software during the 4th quarter valued at $43,000. Pier Capital LLC bought a new position in shares of CyberArk Software during the 4th quarter valued at $440,000. Finally, Zions Bancorporation N.A. boosted its stake in shares of CyberArk Software by 18.7% in the 4th quarter. Zions Bancorporation N.A. now owns 12,435 shares of the technology company’s stock worth $4,143,000 after buying an additional 1,957 shares during the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CYBR shares. Wells Fargo & Company upped their price target on shares of CyberArk Software from $425.00 to $500.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. JMP Securities boosted their price target on CyberArk Software from $390.00 to $480.00 and gave the company a “market outperform” rating in a report on Friday, February 14th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $445.00 price objective on shares of CyberArk Software in a research note on Wednesday, February 26th. Scotiabank upped their price target on shares of CyberArk Software from $340.00 to $400.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. Finally, Piper Sandler lifted their target price on shares of CyberArk Software from $380.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat, CyberArk Software presently has a consensus rating of “Moderate Buy” and an average target price of $418.15.

CyberArk Software Stock Performance

Shares of NASDAQ CYBR opened at $341.21 on Friday. CyberArk Software Ltd. has a fifty-two week low of $223.41 and a fifty-two week high of $421.00. The company has a market cap of $16.86 billion, a PE ratio of -174.98 and a beta of 1.06. The business has a 50-day simple moving average of $364.49 and a two-hundred day simple moving average of $325.26.

CyberArk Software (NASDAQ:CYBR) last released its earnings results on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates 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%. On average, sell-side analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal 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.