Colony Group LLC Buys 340 Shares of Cyberark Software Ltd (NASDAQ:CYBR)
Colony Group LLC increased its position in Cyberark Software Ltd (NASDAQ:CYBR) by 1.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,065 shares of the technology company’s stock after acquiring an additional 340 shares during the quarter. Colony Group LLC owned about 0.06% of Cyberark Software worth $2,689,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Standard Life Aberdeen plc lifted its holdings in Cyberark Software by 15.0% during the fourth quarter. Standard Life Aberdeen plc now owns 95,563 shares of the technology company’s stock valued at $11,142,000 after purchasing an additional 12,476 shares in the last quarter. Man Group plc raised its position in shares of Cyberark Software by 154.5% during the 4th quarter. Man Group plc now owns 22,987 shares of the technology company’s stock valued at $2,680,000 after purchasing an additional 13,956 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Cyberark Software by 12.2% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,425 shares of the technology company’s stock valued at $955,000 after purchasing an additional 919 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of Cyberark Software by 4.2% during the 4th quarter. Advisors Asset Management Inc. now owns 36,959 shares of the technology company’s stock valued at $4,309,000 after buying an additional 1,499 shares in the last quarter. Finally, Ion Asset Management Ltd. purchased a new position in shares of Cyberark Software during the 4th quarter valued at $47,616,000. 84.37% of the stock is owned by institutional investors.
Several research analysts recently weighed in on CYBR shares. Needham & Company LLC downgraded shares of Cyberark Software from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. UBS Group decreased their price target on Cyberark Software from $128.00 to $123.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. First Analysis downgraded Cyberark Software from a “strong-buy” rating to an “outperform” rating and boosted their price objective for the company from $143.00 to $154.00 in a research report on Tuesday, January 14th. Morgan Stanley dropped their price objective on Cyberark Software from $160.00 to $110.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Zacks Investment Research lowered Cyberark Software from a “hold” rating to a “strong sell” rating and set a $126.00 price objective for the company. in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $130.52.
Cyberark Software (NASDAQ:CYBR) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.16. Cyberark Software had a return on equity of 11.59% and a net margin of 14.53%. The company had revenue of $129.66 million during the quarter, compared to analyst estimates of $126.67 million. During the same period in the prior year, the company earned $0.89 earnings per share. The firm’s revenue was up 18.9% on a year-over-year basis. On average, research analysts forecast that Cyberark Software Ltd will post 0.94 earnings per share for the current year.
Cyberark Software Profile
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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