CyberArk Software Ltd. (NASDAQ:CYBR) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,827 shares of the technology company’s stock after acquiring an additional 53 shares during the quarter. Daiwa Securities Group Inc.’s holdings in CyberArk Software were worth $1,275,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. HighTower Advisors LLC grew its stake in shares of CyberArk Software by 16.6% in the 3rd quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company’s stock valued at $4,212,000 after purchasing an additional 2,062 shares during the last quarter. Groupama Asset Managment grew its stake in shares of CyberArk Software by 0.5% in the 3rd quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock valued at $304,000 after purchasing an additional 5,402 shares during the last quarter. Jennison Associates LLC grew its stake 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 purchasing an additional 9,570 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of CyberArk Software in the 3rd quarter valued at approximately $8,612,000. Finally, CHURCHILL MANAGEMENT Corp purchased a new position in shares of CyberArk Software in the 4th quarter valued at approximately $764,000. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on CYBR shares. Royal Bank of Canada lifted their target price on CyberArk Software from $385.00 to $410.00 and gave the company an “outperform” rating in a research note on Tuesday, January 21st. Cantor Fitzgerald reissued an “overweight” rating and issued a $415.00 price target on shares of CyberArk Software in a report on Monday, January 27th. Mizuho raised their price target on CyberArk Software from $345.00 to $365.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Stifel Nicolaus raised their price target on CyberArk Software from $370.00 to $444.00 and gave the company a “buy” rating in a report on Friday, February 14th. Finally, Piper Sandler raised their price target on CyberArk Software from $380.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat, CyberArk Software currently has an average rating of “Moderate Buy” and an average price target of $418.15.

CyberArk Software Price Performance

Shares of CYBR opened at $339.47 on Friday. CyberArk Software Ltd. has a 1-year low of $223.41 and a 1-year high of $421.00. The firm has a 50 day simple moving average of $363.85 and a 200-day simple moving average of $321.20. The stock has a market cap of $14.79 billion, a price-to-earnings ratio of -174.09 and a beta of 1.06.

CyberArk Software (NASDAQ:CYBR) last announced its 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%. On average, equities analysts expect 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.