Plato Investment Management Ltd Purchases Shares of 118 CyberArk Software Ltd. (NASDAQ:CYBR)

Plato Investment Management Ltd purchased a new stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 118 shares of the technology company’s stock, valued at approximately $39,000.

Other hedge funds have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in CyberArk Software during the 4th quarter worth $25,000. Assetmark Inc. increased its position in CyberArk Software by 1,025.0% during the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after buying an additional 123 shares during the period. Montag A & Associates Inc. increased its position in CyberArk Software by 47.2% during the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock worth $44,000 after buying an additional 42 shares during the period. Brown Lisle Cummings Inc. bought a new position in CyberArk Software during the 4th quarter worth $50,000. Finally, Transcendent Capital Group LLC bought a new position in CyberArk Software during the 3rd quarter worth $51,000. Institutional investors and hedge funds own 91.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CYBR shares. Citigroup increased their price objective on CyberArk Software from $410.00 to $450.00 and gave the stock a “buy” rating in a research report on Monday. Scotiabank increased their price objective on CyberArk Software from $340.00 to $400.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. Oppenheimer increased their price objective on CyberArk Software from $360.00 to $420.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Wells Fargo & Company raised their price target on CyberArk Software from $425.00 to $500.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Finally, Robert W. Baird raised their price target on CyberArk Software from $455.00 to $465.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 25th. Two analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat, CyberArk Software currently has an average rating of “Moderate Buy” and a consensus price target of $418.15.

CyberArk Software Price Performance

CyberArk Software stock opened at $361.97 on Thursday. The stock’s 50 day moving average is $363.60 and its 200 day moving average is $318.74. The firm has a market cap of $15.77 billion, a P/E ratio of -185.63 and a beta of 1.15. CyberArk Software Ltd. has a one year low of $223.41 and a one year high of $421.00.

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

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.