Mackenzie Financial Corp Raises Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

Mackenzie Financial Corp lifted its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,952 shares of the technology company’s stock after buying an additional 90 shares during the quarter. Mackenzie Financial Corp’s holdings in CyberArk Software were worth $647,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. HighTower Advisors LLC grew its holdings in shares of CyberArk Software by 1.1% during the third quarter. HighTower Advisors LLC now owns 5,476 shares of the technology company’s stock worth $894,000 after buying an additional 60 shares in the last quarter. Regal Investment Advisors LLC grew its holdings in shares of CyberArk Software by 1.6% during the third quarter. Regal Investment Advisors LLC now owns 3,911 shares of the technology company’s stock worth $641,000 after buying an additional 61 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of CyberArk Software by 2.3% during the third quarter. PNC Financial Services Group Inc. now owns 2,772 shares of the technology company’s stock worth $454,000 after buying an additional 63 shares in the last quarter. Sheets Smith Wealth Management grew its holdings in shares of CyberArk Software by 2.5% during the third quarter. Sheets Smith Wealth Management now owns 2,778 shares of the technology company’s stock worth $455,000 after buying an additional 68 shares in the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of CyberArk Software by 14.9% during the fourth quarter. Pacer Advisors Inc. now owns 564 shares of the technology company’s stock worth $124,000 after buying an additional 73 shares in the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

CyberArk Software Trading Up 0.2 %

NASDAQ CYBR opened at $245.07 on Friday. The company’s fifty day simple moving average is $256.39 and its 200-day simple moving average is $222.88. CyberArk Software Ltd. has a 52 week low of $120.11 and a 52 week high of $283.00. The stock has a market cap of $10.36 billion, a P/E ratio of -151.28 and a beta of 1.05.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Thursday, February 8th. The technology company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.53. CyberArk Software had a negative net margin of 8.84% and a negative return on equity of 8.23%. The business had revenue of $223.10 million for the quarter, compared to analysts’ expectations of $209.65 million. On average, research analysts expect that CyberArk Software Ltd. will post -1.46 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on CYBR. Rosenblatt Securities raised their target price on shares of CyberArk Software from $265.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Oppenheimer raised their target price on shares of CyberArk Software from $195.00 to $260.00 and gave the stock an “outperform” rating in a research report on Monday, January 8th. Needham & Company LLC raised their target price on shares of CyberArk Software from $245.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Susquehanna raised their target price on shares of CyberArk Software from $255.00 to $310.00 and gave the stock a “positive” rating in a research report on Friday, February 9th. Finally, BTIG Research began coverage on shares of CyberArk Software in a research report on Thursday, March 28th. They issued a “buy” rating and a $317.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $258.54.

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.