Victory Capital Management Inc. Increases Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Victory Capital Management Inc. boosted its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 1.5% during the 4th quarter, HoldingsChannel reports. The firm owned 185,020 shares of the technology company’s stock after buying an additional 2,726 shares during the period. Victory Capital Management Inc.’s holdings in CyberArk Software were worth $40,529,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CYBR. Jennison Associates LLC boosted its position in CyberArk Software by 81.4% during the 4th quarter. Jennison Associates LLC now owns 1,053,964 shares of the technology company’s stock valued at $230,871,000 after acquiring an additional 472,961 shares in the last quarter. Acadian Asset Management LLC grew its stake in CyberArk Software by 226.3% in the third quarter. Acadian Asset Management LLC now owns 295,893 shares of the technology company’s stock valued at $48,434,000 after purchasing an additional 205,224 shares during the last quarter. Polar Capital Holdings Plc raised its holdings in CyberArk Software by 15.4% in the third quarter. Polar Capital Holdings Plc now owns 594,809 shares of the technology company’s stock worth $97,412,000 after purchasing an additional 79,506 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of CyberArk Software by 36.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 270,313 shares of the technology company’s stock valued at $44,269,000 after buying an additional 72,883 shares during the last quarter. Finally, Lisanti Capital Growth LLC boosted its holdings in shares of CyberArk Software by 539.5% in the 3rd quarter. Lisanti Capital Growth LLC now owns 60,725 shares of the technology company’s stock valued at $9,945,000 after buying an additional 51,230 shares in the last quarter. 91.84% of the stock is owned by institutional investors.

CyberArk Software Stock Performance

Shares of CYBR stock opened at $235.64 on Tuesday. CyberArk Software Ltd. has a fifty-two week low of $133.84 and a fifty-two week high of $283.00. The stock’s fifty day moving average is $253.97 and its two-hundred day moving average is $227.15. The firm has a market capitalization of $9.96 billion, a P/E ratio of -368.19 and a beta of 1.06.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings results on Thursday, February 8th. The technology company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.53. CyberArk Software had a negative net margin of 3.20% and a negative return on equity of 2.51%. The firm had revenue of $223.10 million for the quarter, compared to analyst estimates of $209.65 million. On average, equities analysts forecast that CyberArk Software Ltd. will post -1.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CYBR. UBS Group lifted their price target on CyberArk Software from $215.00 to $260.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Citigroup upped their target price on CyberArk Software from $215.00 to $265.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Wells Fargo & Company raised their price target on shares of CyberArk Software from $250.00 to $275.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Needham & Company LLC reiterated a “buy” rating and issued a $310.00 price objective on shares of CyberArk Software in a research note on Friday. Finally, Rosenblatt Securities restated a “buy” rating and set a $310.00 target price on shares of CyberArk Software in a research report on Wednesday, May 1st. Two analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $265.63.

About CyberArk Software

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.