Sycomore Asset Management Grows Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Sycomore Asset Management boosted its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 39.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,312 shares of the technology company’s stock after buying an additional 12,514 shares during the quarter. CyberArk Software makes up about 1.9% of Sycomore Asset Management’s holdings, making the stock its 15th largest position. Sycomore Asset Management’s holdings in CyberArk Software were worth $14,763,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CYBR. Jennison Associates LLC boosted its position in shares of CyberArk Software by 32.3% in the 4th quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company’s stock valued at $534,287,000 after purchasing an additional 391,900 shares during the period. Groupama Asset Managment boosted its holdings in shares of CyberArk Software by 0.5% in the third quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock valued at $304,000 after acquiring an additional 5,402 shares during the period. Nepsis Inc. grew its position in shares of CyberArk Software by 882.4% during the fourth quarter. Nepsis Inc. now owns 562,327 shares of the technology company’s stock worth $187,339,000 after acquiring an additional 505,088 shares during the last quarter. Swedbank AB raised its position in CyberArk Software by 19.0% in the 4th quarter. Swedbank AB now owns 545,100 shares of the technology company’s stock valued at $181,600,000 after purchasing an additional 87,201 shares during the last quarter. Finally, Whale Rock Capital Management LLC boosted its stake in CyberArk Software by 3.3% during the 3rd quarter. Whale Rock Capital Management LLC now owns 460,964 shares of the technology company’s stock worth $134,422,000 after purchasing an additional 14,927 shares during the period. 91.84% of the stock is currently owned by institutional investors and hedge funds.

CyberArk Software Stock Up 0.4 %

Shares of NASDAQ CYBR opened at $384.29 on Monday. The business has a 50 day moving average price of $340.76 and a two-hundred day moving average price of $303.32. CyberArk Software Ltd. has a fifty-two week low of $223.09 and a fifty-two week high of $391.45. The firm has a market cap of $16.74 billion, a PE ratio of 1,423.35 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.48. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The company had revenue of $240.10 million during the quarter, compared to analyst estimates of $234.10 million. During the same period last year, the business earned ($0.31) EPS. The firm’s revenue for the quarter was up 25.6% compared to the same quarter last year. On average, analysts anticipate that CyberArk Software Ltd. will post -0.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on CYBR shares. Wells Fargo & Company upped their price objective on CyberArk Software from $410.00 to $425.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. DA Davidson boosted their price objective on shares of CyberArk Software from $360.00 to $390.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Stifel Nicolaus raised their target price on shares of CyberArk Software from $335.00 to $370.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Robert W. Baird lifted their target price on shares of CyberArk Software from $355.00 to $370.00 and gave the company an “outperform” rating in a report on Tuesday, December 17th. Finally, Barclays increased their price target on shares of CyberArk Software from $330.00 to $335.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. One research analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $371.89.

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.