GW&K Investment Management LLC Has $150.48 Million Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

GW&K Investment Management LLC raised its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 0.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 451,687 shares of the technology company’s stock after acquiring an additional 1,135 shares during the quarter. CyberArk Software makes up 1.3% of GW&K Investment Management LLC’s portfolio, making the stock its 3rd biggest holding. GW&K Investment Management LLC owned 1.04% of CyberArk Software worth $150,479,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Assenagon Asset Management S.A. lifted its stake in shares of CyberArk Software by 40.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,363 shares of the technology company’s stock worth $689,000 after purchasing an additional 681 shares during the period. First Trust Direct Indexing L.P. bought a new position in CyberArk Software in the third quarter worth approximately $383,000. Pinnacle Associates Ltd. raised its position in CyberArk Software by 6.9% in the third quarter. Pinnacle Associates Ltd. now owns 1,550 shares of the technology company’s stock worth $452,000 after acquiring an additional 100 shares during the period. Diversify Wealth Management LLC grew its position in shares of CyberArk Software by 11.8% during the 3rd quarter. Diversify Wealth Management LLC now owns 2,230 shares of the technology company’s stock valued at $644,000 after acquiring an additional 236 shares during the period. Finally, Financial Advocates Investment Management grew its position in shares of CyberArk Software by 7.0% during the 3rd quarter. Financial Advocates Investment Management now owns 1,404 shares of the technology company’s stock valued at $409,000 after acquiring an additional 92 shares during the period. 91.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CYBR has been the subject of several recent research reports. Wells Fargo & Company boosted their price target on CyberArk Software from $425.00 to $500.00 and gave the company an “overweight” rating in a report on Friday, February 14th. KeyCorp boosted their price objective on CyberArk Software from $400.00 to $485.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Barclays raised their target price on shares of CyberArk Software from $375.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Needham & Company LLC reiterated a “buy” rating and issued a $480.00 price target on shares of CyberArk Software in a research report on Wednesday. Finally, JPMorgan Chase & Co. increased their price objective on shares of CyberArk Software from $375.00 to $431.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Two investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $416.67.

CyberArk Software Price Performance

Shares of NASDAQ CYBR opened at $352.05 on Friday. CyberArk Software Ltd. has a 1-year low of $223.41 and a 1-year high of $421.00. The business’s 50 day moving average is $360.50 and its two-hundred day moving average is $316.12. The stock has a market capitalization of $15.34 billion, a P/E ratio of -180.54 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share (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 research analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

CyberArk Software 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.