Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 3,188 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 28.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 14,235 shares of the technology company’s stock after purchasing an additional 3,188 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in CyberArk Software were worth $4,742,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CYBR. Nepsis Inc. lifted its stake 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 purchasing an additional 505,088 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of CyberArk Software by 32.3% in the fourth quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company’s stock worth $534,287,000 after acquiring an additional 391,900 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of CyberArk Software by 195.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 508,355 shares of the technology company’s stock valued at $170,614,000 after buying an additional 336,462 shares during the period. Swedbank AB boosted its holdings in CyberArk Software by 19.0% in the 4th quarter. Swedbank AB now owns 545,100 shares of the technology company’s stock valued at $181,600,000 after purchasing an additional 87,201 shares during the period. Finally, SG Americas Securities LLC grew its position 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 in the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CYBR has been the topic of a number of recent analyst reports. Morgan Stanley raised their target price on shares of CyberArk Software from $316.00 to $390.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Susquehanna increased their target price on CyberArk Software from $320.00 to $345.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Rosenblatt Securities upped their price objective on shares of CyberArk Software from $415.00 to $445.00 and gave the company a “buy” rating in a research note on Friday, February 14th. UBS Group lifted their price target on shares of CyberArk Software from $340.00 to $360.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, Robert W. Baird increased their target price on CyberArk Software from $455.00 to $465.00 and gave the stock an “outperform” rating in a research report on Tuesday. Two analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $414.07.

CyberArk Software Trading Down 1.2 %

Shares of CYBR stock opened at $370.18 on Wednesday. The stock has a market capitalization of $16.13 billion, a P/E ratio of -189.84 and a beta of 1.15. The firm’s 50 day moving average is $357.54 and its 200 day moving average is $314.85. CyberArk Software Ltd. has a 12-month low of $223.41 and a 12-month high of $421.00.

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

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.