Pacer Advisors Inc. Boosts Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Pacer Advisors Inc. raised its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 20.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,427 shares of the technology company’s stock after acquiring an additional 244 shares during the quarter. Pacer Advisors Inc.’s holdings in CyberArk Software were worth $475,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of CYBR. Thurston Springer Miller Herd & Titak Inc. purchased a new position in CyberArk Software in the fourth quarter valued at $25,000. Assetmark Inc. grew its position in shares of CyberArk Software by 1,025.0% during the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after buying an additional 123 shares in the last quarter. Transcendent Capital Group LLC purchased a new stake in shares of CyberArk Software during the third quarter worth approximately $51,000. Kieckhefer Group LLC acquired a new stake in CyberArk Software in the fourth quarter valued at approximately $67,000. Finally, Future Financial Wealth Managment LLC purchased a new position in CyberArk Software in the third quarter worth approximately $87,000. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

CyberArk Software Trading Up 1.1 %

CYBR stock opened at $376.21 on Wednesday. The firm’s 50-day moving average is $337.03 and its two-hundred day moving average is $301.09. The company has a market capitalization of $16.39 billion, a price-to-earnings ratio of 1,393.42 and a beta of 1.15. CyberArk Software Ltd. has a 52 week low of $223.09 and a 52 week high of $378.78.

CyberArk Software (NASDAQ:CYBR) last announced 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. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The business had revenue of $240.10 million during the quarter, compared to analysts’ expectations of $234.10 million. During the same quarter last year, the business posted ($0.31) earnings per share. The company’s quarterly revenue was up 25.6% on a year-over-year basis. On average, equities research analysts predict that CyberArk Software Ltd. will post -0.58 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley restated an “equal weight” rating and issued a $316.00 price objective on shares of CyberArk Software in a report on Tuesday, December 31st. 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. Citigroup upped their price target on CyberArk Software from $355.00 to $410.00 and gave the company a “buy” rating in a report on Friday, January 17th. Scotiabank increased their target price on shares of CyberArk Software from $340.00 to $400.00 and gave the company a “sector outperform” rating in a research report on Tuesday, January 21st. Finally, KeyCorp lifted their price target on CyberArk Software from $355.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $367.44.

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.