Wilmington Savings Fund Society FSB Makes New Investment in CyberArk Software Ltd. (NASDAQ:CYBR)

Wilmington Savings Fund Society FSB purchased a new position in CyberArk Software Ltd. (NASDAQ:CYBR) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 493 shares of the technology company’s stock, valued at approximately $144,000.

Several other institutional investors and hedge funds have also made changes to their positions in CYBR. Ensign Peak Advisors Inc acquired a new position in CyberArk Software during the second quarter worth about $711,000. HighTower Advisors LLC grew its stake in shares of CyberArk Software by 16.6% in the 3rd quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company’s stock worth $4,212,000 after purchasing an additional 2,062 shares during the last quarter. Sycomore Asset Management raised its holdings in shares of CyberArk Software by 36.6% in the 2nd quarter. Sycomore Asset Management now owns 60,781 shares of the technology company’s stock worth $15,973,000 after purchasing an additional 16,294 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of CyberArk Software by 0.8% in the third quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company’s stock valued at $353,386,000 after buying an additional 9,570 shares in the last quarter. Finally, Groupama Asset Managment lifted its position in shares of CyberArk Software by 0.5% during the 3rd quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock valued at $304,000 after acquiring an additional 5,402 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors.

CyberArk Software Stock Performance

Shares of NASDAQ CYBR opened at $315.18 on Friday. The business’s 50-day simple moving average is $305.15 and its 200-day simple moving average is $280.72. CyberArk Software Ltd. has a 52 week low of $205.59 and a 52 week high of $333.32. The firm has a market cap of $13.73 billion, a price-to-earnings ratio of 1,167.38 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.46 by $0.48. The company 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 last year, the company posted ($0.31) earnings per share. As a group, equities research analysts forecast that CyberArk Software Ltd. will post -0.58 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on CyberArk Software from $355.00 to $375.00 and gave the stock an “overweight” rating in a report on Monday. Truist Financial restated a “buy” rating and set a $350.00 price objective (up previously from $300.00) on shares of CyberArk Software in a report on Thursday, November 14th. StockNews.com raised shares of CyberArk Software from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Susquehanna lifted their target price on shares of CyberArk Software from $320.00 to $345.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. Finally, UBS Group upped their price target on shares of CyberArk Software from $340.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $336.41.

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.