CyberArk Software Ltd. (NASDAQ:CYBR) Shares Acquired by LGT Fund Management Co Ltd.

LGT Fund Management Co Ltd. grew its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 42.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 17,321 shares of the technology company’s stock after acquiring an additional 5,155 shares during the quarter. LGT Fund Management Co Ltd.’s holdings in CyberArk Software were worth $5,770,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CYBR. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of CyberArk Software in the 4th quarter worth $25,000. Assetmark Inc. raised its stake in shares of CyberArk Software by 1,025.0% in the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after buying an additional 123 shares in the last quarter. Plato Investment Management Ltd bought a new stake in shares of CyberArk Software in the 4th quarter worth $39,000. Montag A & Associates Inc. raised its stake in shares of CyberArk Software by 47.2% in 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 in the last quarter. Finally, Brown Lisle Cummings Inc. bought a new stake in shares of CyberArk Software in the 4th quarter worth $50,000. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Stock Performance

NASDAQ CYBR opened at $363.85 on Monday. CyberArk Software Ltd. has a twelve month low of $223.41 and a twelve month high of $421.00. The stock has a market capitalization of $15.85 billion, a PE ratio of -186.59 and a beta of 1.15. The stock has a 50-day simple moving average of $361.40 and a 200 day simple moving average of $317.37.

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CYBR. UBS Group boosted their target price on CyberArk Software from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. lifted their price target on CyberArk Software from $375.00 to $431.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Citigroup lifted their price target on CyberArk Software from $355.00 to $410.00 and gave the company a “buy” rating in a report on Friday, January 17th. DA Davidson reiterated a “buy” rating and set a $475.00 price target on shares of CyberArk Software in a report on Tuesday, February 25th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $415.00 price target on shares of CyberArk Software in a report on Monday, January 27th. Two analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $416.67.

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.