Manning & Napier Group LLC Invests $8.08 Million in Cyberark Software Ltd (NASDAQ:CYBR) Stock

Manning & Napier Group LLC bought a new position in Cyberark Software Ltd (NASDAQ:CYBR) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 67,900 shares of the technology company’s stock, valued at approximately $8,083,000. Manning & Napier Group LLC owned 0.18% of Cyberark Software at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Morgan Stanley boosted its holdings in shares of Cyberark Software by 180.9% during the 3rd quarter. Morgan Stanley now owns 1,198,230 shares of the technology company’s stock valued at $95,668,000 after acquiring an additional 771,727 shares during the last quarter. Norges Bank purchased a new stake in shares of Cyberark Software during the 4th quarter valued at about $35,253,000. Bank of America Corp DE boosted its holdings in shares of Cyberark Software by 198.9% during the 4th quarter. Bank of America Corp DE now owns 520,239 shares of the technology company’s stock valued at $38,570,000 after acquiring an additional 346,194 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in shares of Cyberark Software by 65.5% during the 4th quarter. Two Sigma Advisers LP now owns 617,900 shares of the technology company’s stock valued at $45,811,000 after acquiring an additional 244,600 shares during the last quarter. Finally, Principal Financial Group Inc. purchased a new stake in shares of Cyberark Software during the 4th quarter valued at about $13,737,000. 77.57% of the stock is currently owned by institutional investors.

CYBR traded up $1.05 during trading on Friday, reaching $128.98. 476,007 shares of the company traded hands, compared to its average volume of 881,067. Cyberark Software Ltd has a 12-month low of $54.38 and a 12-month high of $129.93. The firm has a market cap of $4.75 billion, a P/E ratio of 90.20, a price-to-earnings-growth ratio of 5.67 and a beta of 1.87.

Cyberark Software (NASDAQ:CYBR) last announced its quarterly earnings data on Thursday, February 14th. The technology company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.30. Cyberark Software had a net margin of 13.72% and a return on equity of 12.24%. The business had revenue of $109.10 million during the quarter, compared to analyst estimates of $95.94 million. During the same period last year, the firm posted $0.41 EPS. The company’s revenue was up 35.7% on a year-over-year basis. As a group, equities research analysts expect that Cyberark Software Ltd will post 1.11 EPS for the current year.

A number of analysts have recently issued reports on CYBR shares. Goldman Sachs Group downgraded shares of Cyberark Software from a “buy” rating to a “neutral” rating and dropped their price target for the company from $86.00 to $78.00 in a report on Friday, January 4th. Zacks Investment Research upgraded shares of Cyberark Software from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a research note on Tuesday, January 8th. BidaskClub cut shares of Cyberark Software from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 11th. Evercore ISI reiterated a “buy” rating and issued a $96.00 price objective on shares of Cyberark Software in a research note on Wednesday, February 13th. Finally, Wedbush increased their price objective on shares of Cyberark Software from $95.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, February 15th. Five analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $96.70.

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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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Institutional Ownership by Quarter for Cyberark Software (NASDAQ:CYBR)

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