Eventide Asset Management LLC Purchases Shares of 6,079 CyberArk Software Ltd. (NASDAQ:CYBR)

Eventide Asset Management LLC acquired a new stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) in the third quarter, Holdings Channel.com reports. The fund acquired 6,079 shares of the technology company’s stock, valued at approximately $1,773,000.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of CyberArk Software by 3.2% during the first quarter. Vanguard Group Inc. now owns 69,147 shares of the technology company’s stock valued at $18,368,000 after purchasing an additional 2,113 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in CyberArk Software by 715.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 56,262 shares of the technology company’s stock valued at $14,946,000 after buying an additional 49,360 shares in the last quarter. California State Teachers Retirement System boosted its holdings in shares of CyberArk Software by 11.1% in the first quarter. California State Teachers Retirement System now owns 37,875 shares of the technology company’s stock worth $10,061,000 after buying an additional 3,782 shares during the period. Hancock Whitney Corp purchased a new position in shares of CyberArk Software in the first quarter worth approximately $231,000. Finally, Cetera Investment Advisers raised its holdings in shares of CyberArk Software by 527.2% during the first quarter. Cetera Investment Advisers now owns 11,452 shares of the technology company’s stock valued at $3,042,000 after acquiring an additional 9,626 shares during the period. 91.84% of the stock is owned by institutional investors.

CyberArk Software Price Performance

NASDAQ CYBR opened at $323.51 on Friday. CyberArk Software Ltd. has a fifty-two week low of $193.91 and a fifty-two week high of $332.05. The stock’s 50-day moving average is $295.12 and its two-hundred day moving average is $273.02. The firm has a market cap of $14.10 billion, a P/E ratio of 1,198.23 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.48. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The business had revenue of $240.10 million for the quarter, compared to analyst estimates of $234.10 million. During the same quarter in the prior year, the firm posted ($0.31) EPS. The firm’s revenue for the quarter was up 25.6% on a year-over-year basis. On average, equities analysts expect that CyberArk Software Ltd. will post -0.62 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on CYBR. DA Davidson raised their price objective on shares of CyberArk Software from $285.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Wedbush raised their target price on CyberArk Software from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 1st. Citigroup upped their price target on CyberArk Software from $305.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Susquehanna increased their price objective on CyberArk Software from $320.00 to $345.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. Finally, Robert W. Baird lifted their target price on CyberArk Software from $315.00 to $355.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. One analyst has rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $328.37.

About CyberArk Software

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.