CyberArk Software Ltd. (NASDAQ:CYBR) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers increased its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 3.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,130 shares of the technology company’s stock after buying an additional 499 shares during the period. Rhumbline Advisers’ holdings in CyberArk Software were worth $5,041,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CYBR. HighTower Advisors LLC boosted its stake in shares of CyberArk Software by 16.6% during the 3rd quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company’s stock worth $4,212,000 after acquiring an additional 2,062 shares in the last quarter. Groupama Asset Managment raised its holdings in CyberArk Software by 0.5% during the third quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock worth $304,000 after purchasing an additional 5,402 shares during the last quarter. Jennison Associates LLC boosted its position in CyberArk Software by 0.8% during the third quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company’s stock worth $353,386,000 after purchasing an additional 9,570 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in CyberArk Software during the third quarter worth $8,612,000. Finally, CHURCHILL MANAGEMENT Corp acquired a new stake in CyberArk Software in the fourth quarter valued at $764,000. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CYBR has been the subject of several research reports. Citigroup lifted their price target on CyberArk Software from $355.00 to $410.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. JPMorgan Chase & Co. lifted their target price on shares of CyberArk Software from $375.00 to $431.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. DA Davidson reaffirmed a “buy” rating and issued a $475.00 price target on shares of CyberArk Software in a report on Tuesday. Scotiabank raised their price objective on shares of CyberArk Software from $340.00 to $400.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, January 21st. Finally, Wells Fargo & Company upped their target price on CyberArk Software from $425.00 to $500.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Two research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $416.67.

CyberArk Software Stock Down 3.3 %

Shares of CYBR stock opened at $352.05 on Friday. CyberArk Software Ltd. has a fifty-two week low of $223.41 and a fifty-two week high of $421.00. The firm’s 50 day moving average price is $359.76 and its two-hundred day moving average price is $315.87. The stock has a market cap of $15.34 billion, a price-to-earnings ratio of -180.54 and a beta of 1.15.

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