Plato Investment Management Ltd Makes New Investment in CyberArk Software Ltd. (NASDAQ:CYBR)

Plato Investment Management Ltd bought a new position in CyberArk Software Ltd. (NASDAQ:CYBR) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 118 shares of the technology company’s stock, valued at approximately $39,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Coldstream Capital Management Inc. increased its holdings in CyberArk Software by 3.5% in the third quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company’s stock worth $359,000 after purchasing an additional 42 shares in the last quarter. Montag A & Associates Inc. increased its holdings in shares of CyberArk Software by 47.2% during the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock valued at $44,000 after acquiring an additional 42 shares in the last quarter. Austin Private Wealth LLC increased its holdings in shares of CyberArk Software by 6.8% during the third quarter. Austin Private Wealth LLC now owns 815 shares of the technology company’s stock valued at $238,000 after acquiring an additional 52 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in shares of CyberArk Software by 6.9% during the fourth quarter. Venturi Wealth Management LLC now owns 805 shares of the technology company’s stock valued at $268,000 after acquiring an additional 52 shares in the last quarter. Finally, IFP Advisors Inc increased its holdings in shares of CyberArk Software by 12.7% during the fourth quarter. IFP Advisors Inc now owns 487 shares of the technology company’s stock valued at $162,000 after acquiring an additional 55 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors.

CyberArk Software Price Performance

Shares of NASDAQ CYBR opened at $361.97 on Thursday. CyberArk Software Ltd. has a one year low of $223.41 and a one year high of $421.00. The business’s fifty day moving average price is $363.60 and its 200-day moving average price is $318.74. The stock has a market capitalization of $15.77 billion, a PE ratio of -185.63 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.85). CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. As a group, equities analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CYBR shares. JPMorgan Chase & Co. boosted their price objective on CyberArk Software from $375.00 to $431.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Citigroup boosted their price objective on CyberArk Software from $410.00 to $450.00 and gave the company a “buy” rating in a report on Monday. Susquehanna upped their price target on CyberArk Software from $320.00 to $345.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. Truist Financial upped their price target on CyberArk Software from $385.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $480.00 price target on shares of CyberArk Software in a report on Wednesday, February 26th. Two equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $418.15.

CyberArk Software Profile

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.