Principal Financial Group Inc. purchased a new position in Cyberark Software Ltd (NASDAQ:CYBR) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 185,286 shares of the technology company’s stock, valued at approximately $13,737,000. Principal Financial Group Inc. owned approximately 0.52% of Cyberark Software at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Cerebellum GP LLC bought a new position in shares of Cyberark Software in the fourth quarter worth approximately $41,000. Optimum Investment Advisors bought a new position in shares of Cyberark Software in the fourth quarter worth approximately $44,000. Quantamental Technologies LLC bought a new position in shares of Cyberark Software in the fourth quarter worth approximately $59,000. IFP Advisors Inc increased its position in shares of Cyberark Software by 131.3% in 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 during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its position in Cyberark Software by 130.6% during the third quarter. DekaBank Deutsche Girozentrale now owns 1,845 shares of the technology company’s stock valued at $136,000 after acquiring an additional 1,045 shares during the last quarter. 77.59% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Cyberark Software stock traded up $2.84 on Friday, hitting $127.57. The stock had a trading volume of 478,529 shares, compared to its average volume of 906,730. Cyberark Software Ltd has a one year low of $54.18 and a one year high of $127.65. The stock has a market capitalization of $4.59 billion, a price-to-earnings ratio of 89.21, a P/E/G ratio of 5.54 and a beta of 1.87.
A number of brokerages have commented on CYBR. UBS Group cut shares of Cyberark Software from a “buy” rating to a “neutral” rating and increased their price target for the company from $119.00 to $132.00 in a research report on Thursday. Zacks Investment Research cut shares of Cyberark Software from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th. Barclays increased their price target on shares of Cyberark Software from $112.00 to $122.00 and gave the company an “equal weight” rating in a research report on Friday, April 12th. Mizuho began coverage on shares of Cyberark Software in a research report on Tuesday, March 26th. They set a “buy” rating and a $135.00 price target on the stock. Finally, Wedbush increased their price target on shares of Cyberark Software to $140.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. Five investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $95.10.
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Cyberark Software Company 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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