Swedbank AB Boosts Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

Swedbank AB increased its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 19.0% in the fourth quarter, HoldingsChannel reports. The firm owned 545,100 shares of the technology company’s stock after acquiring an additional 87,201 shares during the quarter. Swedbank AB’s holdings in CyberArk Software were worth $181,600,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Jennison Associates LLC boosted its holdings in shares of CyberArk Software by 0.8% in the 3rd quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company’s stock valued at $353,386,000 after acquiring an additional 9,570 shares during the last quarter. Groupama Asset Managment boosted its stake in shares of CyberArk Software by 0.5% in the third quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock worth $304,000 after buying an additional 5,402 shares during the last quarter. Nepsis Inc. lifted its holdings in CyberArk Software by 882.4% in the fourth quarter. Nepsis Inc. now owns 562,327 shares of the technology company’s stock valued at $187,339,000 after acquiring an additional 505,088 shares during the period. Whale Rock Capital Management LLC grew its stake in shares of CyberArk Software by 3.3% during the 3rd quarter. Whale Rock Capital Management LLC now owns 460,964 shares of the technology company’s stock worth $134,422,000 after purchasing an additional 14,927 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of CyberArk Software by 4.1% in the 3rd quarter. Geode Capital Management LLC now owns 372,231 shares of the technology company’s stock valued at $108,020,000 after purchasing an additional 14,724 shares during the period. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Trading Down 1.5 %

Shares of CYBR stock traded down $5.74 during trading hours on Wednesday, hitting $369.76. The company’s stock had a trading volume of 29,542 shares, compared to its average volume of 456,616. CyberArk Software Ltd. has a twelve month low of $223.09 and a twelve month high of $376.61. The stock has a market cap of $16.11 billion, a price-to-earnings ratio of 1,374.43 and a beta of 1.13. The business has a fifty day moving average of $332.21 and a 200-day moving average of $297.43.

CyberArk Software (NASDAQ:CYBR) last released its earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.48. The company had revenue of $240.10 million for the quarter, compared to analyst estimates of $234.10 million. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The firm’s quarterly revenue was up 25.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.31) EPS. On average, equities analysts expect that CyberArk Software Ltd. will post -0.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CYBR shares. Cantor Fitzgerald restated an “overweight” rating and set a $415.00 price target on shares of CyberArk Software in a research report on Monday. Piper Sandler increased their target price on CyberArk Software from $345.00 to $380.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Mizuho lifted their target price on shares of CyberArk Software from $345.00 to $365.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Stifel Nicolaus increased their target price on shares of CyberArk Software from $335.00 to $370.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. raised their price target on shares of CyberArk Software from $355.00 to $375.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. One analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CyberArk Software currently has an average rating of “Moderate Buy” and an average target price of $363.56.

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.