CyberArk Software Ltd. (NASDAQ:CYBR) Shares Acquired by Assetmark Inc.

Assetmark Inc. grew its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 112.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 287 shares of the technology company’s stock after purchasing an additional 152 shares during the quarter. Assetmark Inc.’s holdings in CyberArk Software were worth $96,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. HighTower Advisors LLC raised its stake in 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 stake in CyberArk Software by 0.5% during the 3rd quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock worth $304,000 after acquiring an additional 5,402 shares in the last quarter. Jennison Associates LLC raised its stake in CyberArk Software by 0.8% during the 3rd quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company’s stock worth $353,386,000 after acquiring an additional 9,570 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in CyberArk Software during the 3rd quarter worth $8,612,000. Finally, CHURCHILL MANAGEMENT Corp acquired a new stake in CyberArk Software during the 4th quarter worth $764,000. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CYBR. 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 report on Tuesday, January 21st. Truist Financial raised their price objective on shares of CyberArk Software from $385.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. JMP Securities raised their price objective on shares of CyberArk Software from $390.00 to $480.00 and gave the stock a “market outperform” rating in a research report on Friday, February 14th. Rosenblatt Securities reissued a “buy” rating and set a $445.00 price objective on shares of CyberArk Software in a research report on Wednesday, February 26th. Finally, Wells Fargo & Company raised their price objective on shares of CyberArk Software from $425.00 to $500.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Two research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. Based on data from MarketBeat.com, CyberArk Software presently has a consensus rating of “Moderate Buy” and an average price target of $418.15.

CyberArk Software Stock Performance

Shares of CYBR opened at $339.47 on Friday. The firm has a market capitalization of $14.79 billion, a PE ratio of -174.09 and a beta of 1.06. CyberArk Software Ltd. has a 52-week low of $223.41 and a 52-week high of $421.00. The stock has a 50 day simple moving average of $363.85 and a 200 day simple moving average of $320.92.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly 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 positive return on equity of 0.45% and a negative net margin of 9.34%. Equities research analysts predict that CyberArk Software Ltd. will post -0.47 EPS 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.