Acadian Asset Management LLC cut its stake in shares of Cyberark Software Ltd (NASDAQ:CYBR) by 6.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,355,891 shares of the technology company’s stock after selling 101,230 shares during the period. Acadian Asset Management LLC owned approximately 3.59% of Cyberark Software worth $158,069,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in the company. TimesSquare Capital Management LLC purchased a new position in Cyberark Software in the 3rd quarter worth about $36,624,000. FMR LLC increased its position in shares of Cyberark Software by 196.8% in the first quarter. FMR LLC now owns 142,217 shares of the technology company’s stock worth $16,931,000 after acquiring an additional 94,307 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Cyberark Software by 11.6% in the fourth quarter. Principal Financial Group Inc. now owns 780,993 shares of the technology company’s stock worth $91,048,000 after acquiring an additional 80,977 shares in the last quarter. AMI Asset Management Corp acquired a new stake in shares of Cyberark Software during the third quarter valued at approximately $7,427,000. Finally, First Trust Advisors LP raised its holdings in shares of Cyberark Software by 37.7% during the third quarter. First Trust Advisors LP now owns 269,511 shares of the technology company’s stock valued at $26,903,000 after acquiring an additional 73,855 shares during the period. 79.49% of the stock is currently owned by institutional investors.
Shares of NASDAQ:CYBR opened at $118.94 on Friday. The firm has a fifty day moving average of $133.14 and a two-hundred day moving average of $118.10. Cyberark Software Ltd has a 12-month low of $94.30 and a 12-month high of $148.74. The firm has a market capitalization of $5.25 billion, a P/E ratio of 68.75, a price-to-earnings-growth ratio of 5.59 and a beta of 1.50.
Cyberark Software (NASDAQ:CYBR) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.16. Cyberark Software had a net margin of 16.09% and a return on equity of 12.94%. The business had revenue of $129.66 million for the quarter, compared to the consensus estimate of $126.67 million. During the same period in the prior year, the business posted $0.89 earnings per share. Cyberark Software’s revenue for the quarter was up 18.9% compared to the same quarter last year. Sell-side analysts expect that Cyberark Software Ltd will post 1.56 earnings per share for the current year.
Several equities research analysts recently commented on CYBR shares. Morgan Stanley upped their price target on shares of Cyberark Software from $149.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Needham & Company LLC cut shares of Cyberark Software from a “buy” rating to a “hold” rating in a research report on Thursday. DA Davidson assumed coverage on shares of Cyberark Software in a research note on Monday, January 13th. They set a “neutral” rating and a $125.00 target price on the stock. BidaskClub upgraded Cyberark Software from a “hold” rating to a “buy” rating in a report on Saturday, January 11th. Finally, Zacks Investment Research cut Cyberark Software from a “buy” rating to a “hold” rating and set a $125.00 target price for the company. in a research report on Friday, January 3rd. Seven equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $138.90.
About Cyberark Software
CyberArk Software Ltd., together with its subsidiaries, provides software-based security solutions and services for organizations to safeguard and monitor their privileged accounts. The company's solutions include Core Privileged Access Security for risk-based credential security and session management with add-on options for least privilege server and domain controller protection; Application Access Manager for secrets management for applications, tools, containers, and DevOps; and Endpoint Privilege Manager for least privilege and credential theft protection for workstations.
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