Geode Capital Management LLC boosted its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 4.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 372,231 shares of the technology company's stock after purchasing an additional 14,724 shares during the period. Geode Capital Management LLC owned about 0.85% of CyberArk Software worth $108,020,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Jennison Associates LLC lifted its stake in shares of CyberArk Software by 0.8% in the 3rd quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company's stock valued at $353,386,000 after acquiring an additional 9,570 shares during the last quarter. Groupama Asset Managment raised its position in 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 purchasing an additional 5,402 shares during the last quarter. RGM Capital LLC raised its position in CyberArk Software by 2.1% in the second quarter. RGM Capital LLC now owns 814,129 shares of the technology company's stock valued at $222,599,000 after purchasing an additional 16,530 shares during the last quarter. Whale Rock Capital Management LLC boosted its stake in shares of CyberArk Software by 3.3% during the third quarter. Whale Rock Capital Management LLC now owns 460,964 shares of the technology company's stock valued at $134,422,000 after purchasing an additional 14,927 shares in the last quarter. Finally, Swedbank AB grew its holdings in shares of CyberArk Software by 11.1% during the third quarter. Swedbank AB now owns 457,899 shares of the technology company's stock worth $133,528,000 after purchasing an additional 45,799 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company's stock.
CYBR has been the subject of a number of research reports. Scotiabank started coverage on shares of CyberArk Software in a report on Monday, October 21st. They issued a "sector outperform" rating and a $340.00 price objective for the company. Stifel Nicolaus raised their price target on shares of CyberArk Software from $335.00 to $370.00 and gave the company a "buy" rating in a research note on Wednesday. KeyCorp boosted their price objective on shares of CyberArk Software from $340.00 to $355.00 and gave the stock an "overweight" rating in a research note on Thursday, November 14th. UBS Group increased their price objective on CyberArk Software from $340.00 to $360.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $335.00 target price on shares of CyberArk Software 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 company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $336.41.
Read Our Latest Analysis on CYBR
Shares of CYBR opened at $305.08 on Thursday. CyberArk Software Ltd. has a one year low of $205.59 and a one year high of $333.32. The company has a market cap of $13.29 billion, a PE ratio of 1,129.97 and a beta of 1.13. The stock has a 50-day moving average of $304.74 and a 200-day moving average of $280.48.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.46 by $0.48. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The firm had revenue of $240.10 million during the quarter, compared to the consensus estimate of $234.10 million. During the same quarter in the previous year, the company posted ($0.31) earnings per share. The company's quarterly revenue was up 25.6% on a year-over-year basis. Analysts expect that CyberArk Software Ltd. will post -0.58 EPS for the current fiscal year.
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.
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