Assenagon Asset Management S.A. Has $6.69 Million Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Assenagon Asset Management S.A. increased its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 749.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,068 shares of the technology company’s stock after purchasing an additional 17,705 shares during the quarter. Assenagon Asset Management S.A.’s holdings in CyberArk Software were worth $6,686,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Assetmark Inc. raised its stake in CyberArk Software by 1,025.0% in the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after acquiring an additional 123 shares during the period. Transcendent Capital Group LLC acquired a new position in CyberArk Software in the 3rd quarter valued at about $51,000. Kieckhefer Group LLC bought a new position in shares of CyberArk Software during the fourth quarter worth approximately $67,000. Future Financial Wealth Managment LLC acquired a new stake in shares of CyberArk Software during the third quarter worth $87,000. Finally, Centaurus Financial Inc. acquired a new stake in CyberArk Software in the 2nd quarter worth about $109,000. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $360.00 price objective on shares of CyberArk Software in a research report on Tuesday, January 14th. Royal Bank of Canada boosted their price objective on CyberArk Software from $358.00 to $385.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Truist Financial restated a “buy” rating and issued a $350.00 price target (up from $300.00) on shares of CyberArk Software in a research report on Thursday, November 14th. Wells Fargo & Company upped their price target on CyberArk Software from $350.00 to $410.00 and gave the company an “overweight” rating in a research report on Thursday, January 2nd. Finally, KeyCorp boosted their price target on shares of CyberArk Software from $340.00 to $355.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. One research analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. Based on data from MarketBeat, CyberArk Software currently has a consensus rating of “Moderate Buy” and a consensus price target of $353.93.

CyberArk Software Trading Down 0.9 %

Shares of CYBR stock opened at $352.22 on Monday. The stock has a market capitalization of $15.35 billion, a price-to-earnings ratio of 1,304.57 and a beta of 1.13. CyberArk Software Ltd. has a 12-month low of $223.09 and a 12-month high of $363.00. The stock’s 50-day moving average price is $324.09 and its 200-day moving average price is $293.06.

CyberArk Software (NASDAQ:CYBR) last released its earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.48. The firm had revenue of $240.10 million for the quarter, compared to the consensus estimate of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The company’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.31) EPS. As a group, research analysts predict that CyberArk Software Ltd. will post -0.58 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.