Massmutual Trust Co. FSB ADV Has $431,000 Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Massmutual Trust Co. FSB ADV grew its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 20.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,478 shares of the technology company’s stock after purchasing an additional 256 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in CyberArk Software were worth $431,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. RGM Capital LLC increased its holdings in CyberArk Software by 2.1% during the 2nd quarter. RGM Capital LLC now owns 814,129 shares of the technology company’s stock worth $222,599,000 after purchasing an additional 16,530 shares in the last quarter. Whale Rock Capital Management LLC grew its holdings in shares of CyberArk Software by 21.6% in the first quarter. Whale Rock Capital Management LLC now owns 459,828 shares of the technology company’s stock valued at $122,144,000 after acquiring an additional 81,801 shares in the last quarter. Swedbank AB bought a new position in shares of CyberArk Software in the first quarter valued at approximately $109,466,000. Acadian Asset Management LLC grew its holdings in shares of CyberArk Software by 38.2% in the first quarter. Acadian Asset Management LLC now owns 405,375 shares of the technology company’s stock valued at $107,642,000 after acquiring an additional 112,112 shares in the last quarter. Finally, 1832 Asset Management L.P. grew its holdings in shares of CyberArk Software by 1,291.7% in the first quarter. 1832 Asset Management L.P. now owns 386,365 shares of the technology company’s stock valued at $102,630,000 after acquiring an additional 358,602 shares in the last quarter. 91.84% of the stock is owned by institutional investors.

CyberArk Software Stock Up 0.5 %

CYBR opened at $280.34 on Friday. The stock has a market cap of $11.85 billion, a PE ratio of -438.03 and a beta of 1.12. CyberArk Software Ltd. has a 52 week low of $152.03 and a 52 week high of $294.89. The business’s fifty day simple moving average is $272.71 and its 200 day simple moving average is $259.29.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.14. CyberArk Software had a negative return on equity of 0.21% and a negative net margin of 1.53%. The firm had revenue of $224.71 million for the quarter, compared to analysts’ expectations of $219.06 million. During the same period last year, the firm earned ($0.58) earnings per share. The company’s revenue for the quarter was up 27.8% compared to the same quarter last year. As a group, equities analysts anticipate that CyberArk Software Ltd. will post -1.06 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on CYBR shares. Wedbush upped their price objective on CyberArk Software from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday. Barclays upped their price objective on CyberArk Software from $280.00 to $315.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Jefferies Financial Group upped their price objective on CyberArk Software from $315.00 to $330.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Rosenblatt Securities restated a “buy” rating and set a $310.00 target price on shares of CyberArk Software in a research report on Tuesday, August 6th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $300.00 target price on shares of CyberArk Software in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat, CyberArk Software has an average rating of “Moderate Buy” and an average target price of $296.92.

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.