Central Asset Investments & Management Holdings HK Ltd Invests $267,000 in CyberArk Software Ltd. (NASDAQ:CYBR)

Central Asset Investments & Management Holdings HK Ltd bought a new stake in CyberArk Software Ltd. (NASDAQ:CYBR) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 800 shares of the technology company’s stock, valued at approximately $267,000.

Other institutional investors also recently made changes to their positions in the company. HighTower Advisors LLC grew its holdings in shares of CyberArk Software by 16.6% during the 3rd quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company’s stock worth $4,212,000 after purchasing an additional 2,062 shares during the period. Groupama Asset Managment increased its holdings in CyberArk Software by 0.5% in the 3rd quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock valued at $304,000 after purchasing an additional 5,402 shares in the last quarter. Jennison Associates LLC raised its position in CyberArk Software by 0.8% in the third quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company’s stock valued at $353,386,000 after purchasing an additional 9,570 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of CyberArk Software during the 3rd quarter valued at about $8,612,000. Finally, CHURCHILL MANAGEMENT Corp purchased a new position in shares of CyberArk Software in the fourth quarter valued at $764,000. 91.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Oppenheimer raised their price objective on CyberArk Software from $360.00 to $420.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Wells Fargo & Company boosted their price target on CyberArk Software from $425.00 to $500.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Piper Sandler increased their target price on shares of CyberArk Software from $380.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Canaccord Genuity Group upped their target price on CyberArk Software from $330.00 to $440.00 and gave the company a “buy” rating in a report on Friday, February 14th. Finally, Mizuho increased their target price on CyberArk Software from $345.00 to $365.00 and gave the stock an “outperform” rating in a research 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. According to data from MarketBeat.com, CyberArk Software currently has a consensus rating of “Moderate Buy” and an average target price of $416.67.

CyberArk Software Stock Performance

NASDAQ CYBR opened at $364.18 on Thursday. CyberArk Software Ltd. has a 1 year low of $223.41 and a 1 year high of $421.00. The business’s fifty day moving average is $358.58 and its two-hundred day moving average is $315.53. The stock has a market capitalization of $15.87 billion, a P/E ratio of -186.76 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing the consensus estimate 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%. On average, research analysts forecast 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.