CyberArk Software Ltd. (NASDAQ:CYBR) Shares Bought by Evolutionary Tree Capital Management LLC

Evolutionary Tree Capital Management LLC increased its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 35.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,903 shares of the technology company’s stock after buying an additional 3,095 shares during the quarter. CyberArk Software comprises approximately 4.0% of Evolutionary Tree Capital Management LLC’s investment portfolio, making the stock its 10th biggest position. Evolutionary Tree Capital Management LLC’s holdings in CyberArk Software were worth $3,965,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Jennison Associates LLC lifted 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 worth $534,287,000 after acquiring an additional 391,900 shares during the period. Pictet Asset Management Holding SA increased its stake in CyberArk Software by 8.4% in the fourth quarter. Pictet Asset Management Holding SA now owns 878,435 shares of the technology company’s stock valued at $292,651,000 after acquiring an additional 68,359 shares during the last quarter. Norges Bank acquired a new position in CyberArk Software during the fourth quarter valued at approximately $203,375,000. Nepsis Inc. lifted its stake in CyberArk Software by 882.4% during the fourth 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 last quarter. Finally, TimesSquare Capital Management LLC boosted its holdings in shares of CyberArk Software by 4.6% in the 4th quarter. TimesSquare Capital Management LLC now owns 560,353 shares of the technology company’s stock valued at $186,682,000 after purchasing an additional 24,805 shares in the last quarter. Institutional investors own 91.84% of the company’s stock.

Wall Street Analyst Weigh In

CYBR has been the subject of several recent analyst reports. Needham & Company LLC restated a “buy” rating and set a $480.00 price objective on shares of CyberArk Software in a research report on Thursday, March 20th. Piper Sandler lifted their price target on CyberArk Software from $380.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $420.00 price objective on shares of CyberArk Software in a research note on Friday. KeyCorp lifted their target price on shares of CyberArk Software from $400.00 to $485.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Finally, JMP Securities upped their price target on shares of CyberArk Software from $390.00 to $480.00 and gave the company a “market outperform” rating in a research report on Friday, February 14th. Two investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $418.39.

CyberArk Software Price Performance

Shares of CYBR stock opened at $349.44 on Friday. CyberArk Software Ltd. has a one year low of $223.41 and a one year high of $421.00. The company has a market cap of $17.27 billion, a P/E ratio of -179.20 and a beta of 1.00. The firm has a 50-day moving average of $356.48 and a 200-day moving average of $330.68.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share 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%. As a group, research analysts expect that CyberArk Software Ltd. will post -0.47 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.