Swedbank AB Has $181.60 Million Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Swedbank AB raised its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 19.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 545,100 shares of the technology company’s stock after buying an additional 87,201 shares during the period. Swedbank AB owned 1.25% of CyberArk Software worth $181,600,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Nepsis Inc. boosted its holdings in CyberArk Software by 882.4% in the fourth quarter. Nepsis Inc. now owns 562,327 shares of the technology company’s stock valued at $187,339,000 after acquiring an additional 505,088 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of CyberArk Software in the 3rd quarter valued at $82,485,000. Clearbridge Investments LLC increased its position in shares of CyberArk Software by 250.0% during the second quarter. Clearbridge Investments LLC now owns 224,381 shares of the technology company’s stock worth $61,350,000 after buying an additional 160,269 shares during the period. SG Americas Securities LLC raised its stake in CyberArk Software by 97.5% during the fourth quarter. SG Americas Securities LLC now owns 167,759 shares of the technology company’s stock worth $55,889,000 after buying an additional 82,812 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in CyberArk Software by 45.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 171,893 shares of the technology company’s stock valued at $50,126,000 after acquiring an additional 53,502 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CYBR. Needham & Company LLC lifted their target price on CyberArk Software from $360.00 to $410.00 and gave the stock a “buy” rating in a report on Thursday, January 9th. StockNews.com upgraded shares of CyberArk Software from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Wells Fargo & Company raised their target price on CyberArk Software from $410.00 to $425.00 and gave the company an “overweight” rating in a research note on Monday. Piper Sandler boosted their price target on shares of CyberArk Software from $345.00 to $380.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $316.00 target price on shares of CyberArk Software in a research report on Tuesday, December 31st. One equities research analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $363.56.

CyberArk Software Stock Performance

Shares of CyberArk Software stock traded down $5.74 during trading hours on Wednesday, hitting $369.76. The company’s stock had a trading volume of 29,542 shares, compared to its average volume of 456,616. CyberArk Software Ltd. has a 12-month low of $223.09 and a 12-month high of $376.61. The business has a 50 day moving average price of $332.21 and a two-hundred day moving average price of $297.43. The company has a market cap of $16.11 billion, a PE ratio of 1,374.43 and a beta of 1.13.

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

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.