CIBC Asset Management Inc Boosts Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

CIBC Asset Management Inc grew its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 13.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,590 shares of the technology company’s stock after purchasing an additional 531 shares during the quarter. CIBC Asset Management Inc’s holdings in CyberArk Software were worth $1,529,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in CYBR. Creative Planning increased its holdings in CyberArk Software by 14.0% in the 3rd quarter. Creative Planning now owns 11,971 shares of the technology company’s stock worth $3,491,000 after acquiring an additional 1,471 shares during the last quarter. Blue Trust Inc. boosted its position in CyberArk Software by 49.4% during the third quarter. Blue Trust Inc. now owns 1,155 shares of the technology company’s stock worth $316,000 after purchasing an additional 382 shares during the period. Signaturefd LLC increased its stake in shares of CyberArk Software by 4.2% in the third quarter. Signaturefd LLC now owns 1,206 shares of the technology company’s stock worth $352,000 after purchasing an additional 49 shares in the last quarter. Greenleaf Trust increased its stake in shares of CyberArk Software by 2.5% in the third quarter. Greenleaf Trust now owns 1,829 shares of the technology company’s stock worth $533,000 after purchasing an additional 45 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in CyberArk Software in the 3rd quarter worth approximately $82,485,000. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Trading Down 4.4 %

CYBR opened at $383.29 on Friday. CyberArk Software Ltd. has a 12 month low of $223.41 and a 12 month high of $421.00. The business’s 50-day moving average price is $355.03 and its 200-day moving average price is $312.10. The company has a market cap of $16.70 billion, a P/E ratio of -196.56 and a beta of 1.15.

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CYBR shares. Truist Financial upped their price target on CyberArk Software from $385.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Scotiabank upped their price target on shares of CyberArk Software from $340.00 to $400.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. lifted their price objective on CyberArk Software from $375.00 to $431.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Oppenheimer upped their target price on CyberArk Software from $360.00 to $420.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. 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 issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $401.67.

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.