40,855 Shares in CyberArk Software Ltd. (NASDAQ:CYBR) Bought by Raiffeisen Bank International AG

Raiffeisen Bank International AG acquired a new stake in CyberArk Software Ltd. (NASDAQ:CYBR) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 40,855 shares of the technology company’s stock, valued at approximately $13,057,000. Raiffeisen Bank International AG owned 0.09% of CyberArk Software as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of CYBR. Quantinno Capital Management LP raised its position in CyberArk Software by 5.3% during the 4th quarter. Quantinno Capital Management LP now owns 1,636 shares of the technology company’s stock worth $545,000 after buying an additional 83 shares during the last quarter. Man Group plc raised its holdings in shares of CyberArk Software by 17.9% during the fourth quarter. Man Group plc now owns 20,735 shares of the technology company’s stock worth $6,908,000 after purchasing an additional 3,142 shares during the last quarter. Nuveen Asset Management LLC raised its holdings in shares of CyberArk Software by 6.3% during the fourth quarter. Nuveen Asset Management LLC now owns 123,051 shares of the technology company’s stock worth $40,994,000 after purchasing an additional 7,325 shares during the last quarter. LMR Partners LLP lifted its position in CyberArk Software by 254.6% during the fourth quarter. LMR Partners LLP now owns 174,105 shares of the technology company’s stock valued at $58,003,000 after purchasing an additional 125,000 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in CyberArk Software by 7,524.4% in the fourth quarter. Janus Henderson Group PLC now owns 170,710 shares of the technology company’s stock valued at $56,914,000 after purchasing an additional 168,471 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Morgan Stanley reiterated an “equal weight” rating on shares of CyberArk Software in a research note on Tuesday. JMP Securities boosted their price target on CyberArk Software from $390.00 to $480.00 and gave the company a “market outperform” rating in a report on Friday, February 14th. Oppenheimer raised their price objective on shares of CyberArk Software from $360.00 to $420.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. JPMorgan Chase & Co. boosted their target price on shares of CyberArk Software from $375.00 to $431.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Finally, Piper Sandler lifted their price objective on shares of CyberArk Software from $380.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Two analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $415.71.

CyberArk Software Stock Down 1.8%

Shares of CYBR opened at $354.76 on Thursday. CyberArk Software Ltd. has a 52-week low of $223.41 and a 52-week high of $421.00. The stock has a fifty day simple moving average of $341.83 and a two-hundred day simple moving average of $339.56. The company has a market capitalization of $17.53 billion, a PE ratio of -181.93 and a beta of 0.99.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates 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%. As a group, equities analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share 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.