Wakefield Asset Management LLLP acquired a new stake in shares of Cyberark Software Ltd (NASDAQ:CYBR) during the fourth quarter, Holdings Channel reports. The fund acquired 5,749 shares of the technology company’s stock, valued at approximately $426,000.

Other large investors have also added to or reduced their stakes in the company. Cerebellum GP LLC bought a new position in Cyberark Software in the 4th quarter worth about $41,000. Optimum Investment Advisors bought a new position in Cyberark Software during the 4th quarter valued at about $44,000. Quantamental Technologies LLC bought a new position in Cyberark Software during the 4th quarter valued at about $59,000. IFP Advisors Inc lifted its stake in Cyberark Software by 131.3% during the 4th quarter. IFP Advisors Inc now owns 1,413 shares of the technology company’s stock valued at $104,000 after acquiring an additional 802 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its stake in Cyberark Software by 130.6% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,845 shares of the technology company’s stock valued at $136,000 after acquiring an additional 1,045 shares during the period. 76.85% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have issued reports on CYBR shares. BidaskClub upgraded shares of Cyberark Software from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 2nd. Wedbush upped their target price on shares of Cyberark Software from $95.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, February 15th. Morgan Stanley set a $126.00 target price on shares of Cyberark Software and gave the company a “buy” rating in a research note on Friday, February 15th. Guggenheim started coverage on shares of Cyberark Software in a research note on Monday, December 10th. They set a “buy” rating and a $86.00 target price on the stock. Finally, Goldman Sachs Group lowered shares of Cyberark Software from a “buy” rating to a “neutral” rating and reduced their price target for the company from $86.00 to $78.00 in a research report on Friday, January 4th. Four research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company. Cyberark Software has an average rating of “Buy” and an average price target of $88.81.

Shares of NASDAQ CYBR traded up $3.76 during midday trading on Tuesday, hitting $116.59. 22,062 shares of the company’s stock traded hands, compared to its average volume of 776,674. Cyberark Software Ltd has a 1 year low of $48.60 and a 1 year high of $117.98. The firm has a market capitalization of $4.16 billion, a P/E ratio of 81.06, a PEG ratio of 4.98 and a beta of 1.87.

Cyberark Software (NASDAQ:CYBR) last released its earnings results on Thursday, February 14th. The technology company reported $0.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.30. The company had revenue of $109.10 million during the quarter, compared to analyst estimates of $95.94 million. Cyberark Software had a net margin of 13.72% and a return on equity of 12.24%. The firm’s quarterly revenue was up 35.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.41 EPS. As a group, analysts forecast that Cyberark Software Ltd will post 1.11 EPS for the current fiscal year.

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About Cyberark Software

CyberArk Software Ltd. develops, markets, and sells software-based security solutions that protect organizations from cyber attacks in the United States and internationally. The company offers privileged account security solution to secure, manage, and monitor account access and activities. Its privileged account security solution consists of Enterprise Password Vault that prevents user passwords and SSH keys; Privileged Session Manager that protects windows based systems, databases, virtual machines, network devices, Web sites, and SaaS applications; and Privileged Threat Analytics that enables to detect, alert, and respond to anomalous privileged activity.

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Institutional Ownership by Quarter for Cyberark Software (NASDAQ:CYBR)

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