Nordea Investment Management AB Acquires 250 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Nordea Investment Management AB increased its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBRFree Report) by 9.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,841 shares of the technology company’s stock after buying an additional 250 shares during the quarter. Nordea Investment Management AB’s holdings in CyberArk Software were worth $624,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Assetmark Inc. increased its stake in CyberArk Software by 62.1% in the third quarter. Assetmark Inc. now owns 248 shares of the technology company’s stock worth $41,000 after purchasing an additional 95 shares during the period. 1832 Asset Management L.P. bought a new stake in CyberArk Software during the 4th quarter valued at about $33,000. UniSuper Management Pty Ltd purchased a new stake in CyberArk Software in the 2nd quarter valued at about $47,000. Covestor Ltd bought a new position in CyberArk Software in the 1st quarter worth about $73,000. Finally, Ronald Blue Trust Inc. increased its position in shares of CyberArk Software by 250.4% during the third quarter. Ronald Blue Trust Inc. now owns 466 shares of the technology company’s stock worth $73,000 after acquiring an additional 333 shares during the period. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Performance

Shares of NASDAQ CYBR opened at $263.49 on Wednesday. CyberArk Software Ltd. has a fifty-two week low of $120.11 and a fifty-two week high of $283.00. The company has a market cap of $11.14 billion, a PE ratio of -162.65 and a beta of 1.05. The business has a 50-day simple moving average of $253.12 and a two-hundred day simple moving average of $210.41.

CyberArk Software (NASDAQ:CYBRGet Free Report) last announced its quarterly earnings data on Thursday, February 8th. The technology company reported $0.19 EPS for the quarter, beating the consensus estimate of ($0.34) by $0.53. The firm had revenue of $223.10 million during the quarter, compared to analyst estimates of $209.65 million. CyberArk Software had a negative net margin of 8.84% and a negative return on equity of 8.23%. On average, sell-side analysts predict that CyberArk Software Ltd. will post -1.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CYBR. Cantor Fitzgerald reiterated an “overweight” rating and issued a $300.00 price target on shares of CyberArk Software in a report on Thursday, February 29th. Truist Financial increased their price target on CyberArk Software from $250.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Wells Fargo & Company lifted their price objective on CyberArk Software from $250.00 to $275.00 and gave the company an “overweight” rating in a report on Monday, January 29th. Needham & Company LLC upped their price objective on shares of CyberArk Software from $245.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Finally, Jefferies Financial Group assumed coverage on shares of CyberArk Software in a research report on Friday, December 15th. They set a “buy” rating and a $240.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $256.00.

View Our Latest Stock Report on CyberArk Software

About CyberArk Software

(Free Report)

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sales software-based security solutions and services in the United States, Israel, Europe, the Middle East, Africa, the United Kingdom, and internationally. Its solutions include Privileged Access Manager that offers risk-based credential security and session management to protect against attacks involving privileged access; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide fast, easy, and secure privileged access to third-party vendors; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Cloud Entitlements Manager, a SaaS solution, which reduces risk that arises from excessive privileges by implementing least privilege across cloud environments.

See Also

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

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