Mirova Boosts Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Mirova increased its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 3.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 8,739 shares of the technology company’s stock after acquiring an additional 279 shares during the period. Mirova’s holdings in CyberArk Software were worth $2,911,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of CyberArk Software during the fourth quarter valued at about $25,000. TD Private Client Wealth LLC lifted its stake in shares of CyberArk Software by 79.1% in the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock valued at $26,000 after purchasing an additional 34 shares during the period. Plato Investment Management Ltd bought a new stake in shares of CyberArk Software during the fourth quarter valued at approximately $39,000. Graney & King LLC purchased a new stake in CyberArk Software in the fourth quarter worth $43,000. Finally, Montag A & Associates Inc. raised its holdings in CyberArk Software by 47.2% in the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock worth $44,000 after purchasing an additional 42 shares in the last quarter. Institutional investors own 91.84% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on CYBR. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $420.00 target price on shares of CyberArk Software in a research report on Friday, April 11th. Stifel Nicolaus raised their target price on shares of CyberArk Software from $370.00 to $444.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Citigroup lifted their target price on shares of CyberArk Software from $410.00 to $450.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Barclays reduced their price objective on CyberArk Software from $450.00 to $405.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Finally, Scotiabank increased their target price on CyberArk Software from $340.00 to $400.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, January 21st. Two equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, CyberArk Software currently has a consensus rating of “Moderate Buy” and a consensus price target of $412.14.

CyberArk Software Trading Down 1.6 %

Shares of CYBR stock opened at $325.84 on Friday. CyberArk Software Ltd. has a 12 month low of $223.41 and a 12 month high of $421.00. The stock has a market cap of $16.11 billion, a P/E ratio of -167.10 and a beta of 1.00. The company has a 50 day simple moving average of $351.30 and a two-hundred day simple moving average of $332.38.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) EPS 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%. As a group, equities analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share 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.