Daiwa Securities Group Inc. lessened its position in CyberArk Software Ltd. (NASDAQ:CYBR – Get Rating) by 9.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,781 shares of the technology company’s stock after selling 931 shares during the period. Daiwa Securities Group Inc.’s holdings in CyberArk Software were worth $1,139,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the company. First Trust Advisors LP lifted its stake in shares of CyberArk Software by 1.1% in the 3rd quarter. First Trust Advisors LP now owns 1,197,670 shares of the technology company’s stock worth $179,579,000 after acquiring an additional 12,772 shares during the period. Artisan Partners Limited Partnership lifted its stake in shares of CyberArk Software by 1.0% in the third quarter. Artisan Partners Limited Partnership now owns 902,654 shares of the technology company’s stock valued at $135,344,000 after purchasing an additional 8,973 shares during the period. Jennison Associates LLC acquired a new stake in shares of CyberArk Software in the third quarter valued at about $83,093,000. Invesco Ltd. lifted its stake in shares of CyberArk Software by 7.5% in the first quarter. Invesco Ltd. now owns 498,788 shares of the technology company’s stock valued at $84,169,000 after purchasing an additional 34,843 shares during the period. Finally, Nomura Holdings Inc. lifted its stake in shares of CyberArk Software by 4.5% in the third quarter. Nomura Holdings Inc. now owns 268,136 shares of the technology company’s stock valued at $40,337,000 after purchasing an additional 11,560 shares during the period. Institutional investors and hedge funds own 91.52% of the company’s stock.
Analyst Ratings Changes
Several analysts recently commented on the stock. Morgan Stanley raised their price objective on shares of CyberArk Software from $160.00 to $173.00 and gave the company an “overweight” rating in a research note on Friday, February 10th. Truist Financial began coverage on shares of CyberArk Software in a report on Friday, April 21st. They set a “buy” rating and a $185.00 target price for the company. JPMorgan Chase & Co. began coverage on shares of CyberArk Software in a report on Tuesday, January 24th. They set a “neutral” rating and a $147.00 target price for the company. DA Davidson raised their target price on shares of CyberArk Software from $175.00 to $185.00 and gave the company a “buy” rating in a report on Friday, February 10th. Finally, Needham & Company LLC restated a “buy” rating and set a $180.00 target price on shares of CyberArk Software in a report on Friday, February 10th. Five research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat.com, CyberArk Software currently has a consensus rating of “Moderate Buy” and an average target price of $172.63.
CyberArk Software Price Performance
CyberArk Software (NASDAQ:CYBR – Get Rating) last announced its quarterly earnings results on Thursday, February 9th. The technology company reported ($0.50) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.63) by $0.13. The firm had revenue of $169.15 million for the quarter, compared to analysts’ expectations of $174.10 million. CyberArk Software had a negative net margin of 22.03% and a negative return on equity of 17.78%. Sell-side analysts predict that CyberArk Software Ltd. will post -2.75 earnings per share for the current year.
About CyberArk Software
CyberArk Software Ltd. engages in the development, market, and sale of access security software solutions. The firm’s products include Privilege, Access, and DevSecOps. It offers its products and services to banking, insurance, healthcare, and federal industries. The company was founded by Udi Mokady and Alon Cohen in 1999 and is headquartered in Petah Tikva, Israel.
Read More
- Get a free copy of the StockNews.com research report on CyberArk Software (CYBR)
- Starbucks Stock Becomes a Value Play
- Kraft Heinz Recovery Gains Momentum
- Here’s Why AMD’s Weak Guidance Is A Blessing In Disguise
- BP Shares Sold Off After Earnings: Here Is What Upset Markets
- Will Forced Divesture Of Grail Boost Illumina Shareholder Value?
Want to see what other hedge funds are holding CYBR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CyberArk Software Ltd. (NASDAQ:CYBR – Get Rating).
Receive News & Ratings for CyberArk Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CyberArk Software and related companies with MarketBeat.com's FREE daily email newsletter.
