Nordea Investment Management AB increased its position in shares of Cyberark Software Ltd (NASDAQ:CYBR) by 5.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,661 shares of the technology company’s stock after purchasing an additional 3,346 shares during the quarter. Nordea Investment Management AB owned 0.18% of Cyberark Software worth $4,868,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Cerebellum GP LLC purchased a new stake in shares of Cyberark Software in the fourth quarter valued at approximately $41,000. Optimum Investment Advisors purchased a new stake in shares of Cyberark Software during the fourth quarter worth approximately $44,000. Quantamental Technologies LLC purchased a new stake in shares of Cyberark Software during the fourth quarter worth approximately $59,000. IFP Advisors Inc increased its position in shares of Cyberark Software by 131.3% during the fourth quarter. IFP Advisors Inc now owns 1,413 shares of the technology company’s stock worth $104,000 after purchasing an additional 802 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its position in shares of Cyberark Software by 130.6% during the third quarter. DekaBank Deutsche Girozentrale now owns 1,845 shares of the technology company’s stock worth $136,000 after purchasing an additional 1,045 shares in the last quarter. 77.59% of the stock is owned by hedge funds and other institutional investors.
CYBR traded up $2.84 during mid-day trading on Friday, hitting $127.57. 478,529 shares of the stock were exchanged, compared to its average volume of 906,730. The firm has a market cap of $4.59 billion, a price-to-earnings ratio of 89.21, a PEG ratio of 5.54 and a beta of 1.87. Cyberark Software Ltd has a 1-year low of $54.18 and a 1-year high of $127.65.
Several analysts recently commented on CYBR shares. BidaskClub upgraded Cyberark Software from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 2nd. Zacks Investment Research cut Cyberark Software from a “buy” rating to a “hold” rating in a report on Thursday, January 3rd. Goldman Sachs Group cut Cyberark Software from a “buy” rating to a “neutral” rating and dropped their target price for the company from $86.00 to $78.00 in a report on Friday, January 4th. Evercore ISI restated a “buy” rating and issued a $96.00 target price on shares of Cyberark Software in a report on Wednesday, February 13th. Finally, Wedbush upped their target price on Cyberark Software from $95.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, February 15th. Five equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $95.10.
Cyberark Software Profile
CyberArk Software Ltd. develops, markets, and sells software-based security solutions that protect organizations from cyber attacks in the United States and internationally. The company offers privileged account security solution to secure, manage, and monitor account access and activities. Its privileged account security solution consists of Enterprise Password Vault that prevents user passwords and SSH keys; Privileged Session Manager that protects windows based systems, databases, virtual machines, network devices, Web sites, and SaaS applications; and Privileged Threat Analytics that enables to detect, alert, and respond to anomalous privileged activity.
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