CyberArk Software Ltd. (NASDAQ:CYBR) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,827 shares of the technology company’s stock after purchasing an additional 53 shares during the quarter. Daiwa Securities Group Inc.’s holdings in CyberArk Software were worth $1,275,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of CyberArk Software by 2.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,614 shares of the technology company’s stock valued at $11,199,000 after purchasing an additional 889 shares during the last quarter. Personal CFO Solutions LLC acquired a new position in shares of CyberArk Software in the 4th quarter valued at $252,000. Raymond James Financial Inc. acquired a new position in shares of CyberArk Software in the 4th quarter valued at $18,106,000. Assetmark Inc. boosted its holdings in shares of CyberArk Software by 112.6% in the 4th quarter. Assetmark Inc. now owns 287 shares of the technology company’s stock valued at $96,000 after purchasing an additional 152 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of CyberArk Software by 3.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 30,738 shares of the technology company’s stock valued at $10,240,000 after acquiring an additional 1,138 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Stock Performance

CYBR opened at $339.47 on Friday. The company has a 50-day moving average of $363.85 and a 200-day moving average of $321.20. The company has a market capitalization of $14.79 billion, a P/E ratio of -174.09 and a beta of 1.06. CyberArk Software Ltd. has a 1-year low of $223.41 and a 1-year high of $421.00.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) earnings per share 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, sell-side analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CYBR shares. Needham & Company LLC restated a “buy” rating and set a $480.00 target price on shares of CyberArk Software in a report on Wednesday, February 26th. Rosenblatt Securities restated a “buy” rating and set a $445.00 target price on shares of CyberArk Software in a report on Wednesday, February 26th. StockNews.com lowered shares of CyberArk Software from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Scotiabank lifted their target price on shares of CyberArk Software from $340.00 to $400.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 21st. Finally, Mizuho lifted their target price on shares of CyberArk Software from $345.00 to $365.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Two investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. Based on data from MarketBeat, CyberArk Software currently has a consensus rating of “Moderate Buy” and a consensus price target of $418.15.

CyberArk Software Company 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.