Mizuho Markets Americas LLC Invests $14 Million in CyberArk Software Ltd. (NASDAQ:CYBR)

Mizuho Markets Americas LLC acquired a new stake in CyberArk Software Ltd. (NASDAQ:CYBR) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 48,000 shares of the technology company’s stock, valued at approximately $13,997,000. Mizuho Markets Americas LLC owned 0.11% of CyberArk Software at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. CIBC Asset Management Inc lifted its stake in shares of CyberArk Software by 6.4% in the 3rd quarter. CIBC Asset Management Inc now owns 4,059 shares of the technology company’s stock valued at $1,184,000 after purchasing an additional 245 shares during the period. Curi RMB Capital LLC bought a new stake in CyberArk Software in the third quarter valued at about $774,000. Zions Bancorporation N.A. lifted its stake in CyberArk Software by 17.4% in the third quarter. Zions Bancorporation N.A. now owns 10,478 shares of the technology company’s stock valued at $3,055,000 after buying an additional 1,551 shares during the period. Pier 88 Investment Partners LLC boosted its holdings in CyberArk Software by 26.9% during the third quarter. Pier 88 Investment Partners LLC now owns 19,460 shares of the technology company’s stock worth $5,675,000 after buying an additional 4,120 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its position in shares of CyberArk Software by 87.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 3,155 shares of the technology company’s stock worth $920,000 after buying an additional 1,474 shares during the period. 91.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CYBR. Oppenheimer increased their price target on shares of CyberArk Software from $310.00 to $360.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Piper Sandler boosted their price target on shares of CyberArk Software from $300.00 to $345.00 and gave the company an “overweight” rating in a report on Thursday. KeyCorp upped their price objective on shares of CyberArk Software from $340.00 to $355.00 and gave the company an “overweight” rating in a research report on Thursday. DA Davidson lifted their target price on CyberArk Software from $285.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Finally, JMP Securities increased their target price on CyberArk Software from $310.00 to $360.00 and gave the stock a “market outperform” rating in a research note on Thursday. One equities research analyst has rated the stock with a hold rating and twenty-six have issued a buy rating to the company. Based on data from MarketBeat.com, CyberArk Software has an average rating of “Moderate Buy” and an average price target of $328.37.

CyberArk Software Price Performance

Shares of CYBR stock opened at $305.27 on Friday. The company has a fifty day moving average price of $284.25 and a two-hundred day moving average price of $266.66. CyberArk Software Ltd. has a one year low of $183.28 and a one year high of $318.16. The stock has a market cap of $13.30 billion, a P/E ratio of 1,130.67 and a beta of 1.13.

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.