Geode Capital Management LLC Raises Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Geode Capital Management LLC lifted its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 4.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 372,231 shares of the technology company’s stock after buying an additional 14,724 shares during the period. Geode Capital Management LLC’s holdings in CyberArk Software were worth $108,020,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. 1620 Investment Advisors Inc. purchased a new position in CyberArk Software during the 2nd quarter worth $39,000. Assetmark Inc. lifted its position in shares of CyberArk Software by 1,025.0% during the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after purchasing an additional 123 shares in the last quarter. Arcadia Investment Management Corp MI boosted its holdings in CyberArk Software by 42.2% during the second quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock worth $50,000 after purchasing an additional 54 shares during the last quarter. Transcendent Capital Group LLC bought a new stake in CyberArk Software in the 3rd quarter worth about $51,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in CyberArk Software in the 3rd quarter valued at about $87,000. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Trading Down 4.0 %

Shares of CYBR opened at $305.08 on Thursday. CyberArk Software Ltd. has a 1-year low of $205.59 and a 1-year high of $333.32. The firm has a market capitalization of $13.29 billion, a price-to-earnings ratio of 1,129.97 and a beta of 1.13. The firm’s 50-day moving average price is $304.74 and its 200-day moving average price is $280.48.

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CYBR. Scotiabank started coverage on CyberArk Software in a research note on Monday, October 21st. They issued a “sector outperform” rating and a $340.00 target price on the stock. Canaccord Genuity Group upped their price objective on CyberArk Software from $310.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. KeyCorp lifted their target price on CyberArk Software from $340.00 to $355.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Susquehanna increased their price target on shares of CyberArk Software from $320.00 to $345.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. Finally, BTIG Research lifted their price objective on shares of CyberArk Software from $310.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, CyberArk Software currently has an average rating of “Moderate Buy” and an average target price of $336.41.

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.