Nordea Investment Management AB Grows Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Nordea Investment Management AB raised its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 7.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,024 shares of the technology company’s stock after acquiring an additional 221 shares during the period. Nordea Investment Management AB’s holdings in CyberArk Software were worth $993,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of CYBR. International Assets Investment Management LLC purchased a new position in shares of CyberArk Software during the 3rd quarter valued at about $82,485,000. Anomaly Capital Management LP purchased a new position in shares of CyberArk Software in the 2nd quarter valued at about $49,145,000. Clearbridge Investments LLC increased its stake in shares of CyberArk Software by 250.0% in the 2nd quarter. Clearbridge Investments LLC now owns 224,381 shares of the technology company’s stock valued at $61,350,000 after purchasing an additional 160,269 shares in the last quarter. Hood River Capital Management LLC increased its stake in shares of CyberArk Software by 59.2% in the 2nd quarter. Hood River Capital Management LLC now owns 223,584 shares of the technology company’s stock valued at $61,132,000 after purchasing an additional 83,172 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its stake in shares of CyberArk Software by 89.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 167,305 shares of the technology company’s stock valued at $45,745,000 after purchasing an additional 78,887 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. BTIG Research lifted their price target on CyberArk Software from $310.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Susquehanna lifted their price target on CyberArk Software from $320.00 to $345.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. lifted their price target on CyberArk Software from $355.00 to $375.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Robert W. Baird lifted their price objective on CyberArk Software from $355.00 to $370.00 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Finally, Jefferies Financial Group lifted their price objective on CyberArk Software from $315.00 to $330.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. One equities research analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $350.22.

CyberArk Software Stock Performance

CYBR stock opened at $343.79 on Monday. The firm has a market cap of $14.98 billion, a PE ratio of 1,273.34 and a beta of 1.13. The firm’s 50 day moving average price is $318.20 and its 200-day moving average price is $290.39. CyberArk Software Ltd. has a one year low of $213.37 and a one year high of $348.29.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.46 by $0.48. The firm had revenue of $240.10 million for 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 business’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.31) EPS. Equities research analysts predict that CyberArk Software Ltd. will post -0.58 EPS for the current fiscal year.

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.