M&G Plc acquired a new stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 35,197 shares of the technology company's stock, valued at approximately $10,278,000. M&G Plc owned approximately 0.08% of CyberArk Software at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Swedbank AB acquired a new position in shares of CyberArk Software during the first quarter worth about $109,466,000. 1832 Asset Management L.P. lifted its stake in CyberArk Software by 1,291.7% in the 1st quarter. 1832 Asset Management L.P. now owns 386,365 shares of the technology company's stock valued at $102,630,000 after acquiring an additional 358,602 shares in the last quarter. International Assets Investment Management LLC acquired a new position in CyberArk Software during the 3rd quarter worth approximately $82,485,000. Anomaly Capital Management LP bought a new position in shares of CyberArk Software during the 2nd quarter worth approximately $49,145,000. Finally, Clearbridge Investments LLC raised its holdings in shares of CyberArk Software by 250.0% in the second quarter. Clearbridge Investments LLC now owns 224,381 shares of the technology company's stock valued at $61,350,000 after purchasing an additional 160,269 shares during the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.
CYBR opened at $296.20 on Friday. The business has a fifty day simple moving average of $282.60 and a 200 day simple moving average of $264.74. CyberArk Software Ltd. has a 1 year low of $181.02 and a 1 year high of $308.63. The company has a market capitalization of $12.91 billion, a PE ratio of -925.63 and a beta of 1.13.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its earnings results on Thursday, August 8th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.14. CyberArk Software had a negative net margin of 1.53% and a negative return on equity of 0.21%. The company had revenue of $224.71 million during the quarter, compared to analysts' expectations of $219.06 million. During the same quarter in the previous year, the business posted ($0.58) earnings per share. CyberArk Software's quarterly revenue was up 27.8% on a year-over-year basis. Equities analysts anticipate that CyberArk Software Ltd. will post -1.05 earnings per share for the current fiscal year.
Several research analysts recently commented on CYBR shares. Wedbush increased their target price on shares of CyberArk Software from $300.00 to $325.00 and gave the stock an "outperform" rating in a report on Tuesday, October 1st. DA Davidson raised their price objective on CyberArk Software from $285.00 to $315.00 and gave the company a "buy" rating in a report on Friday, August 9th. Rosenblatt Securities reiterated a "buy" rating and set a $310.00 target price on shares of CyberArk Software in a report on Tuesday, August 6th. Jefferies Financial Group raised their price target on CyberArk Software from $315.00 to $330.00 and gave the company a "buy" rating in a research note on Tuesday, September 24th. Finally, Mizuho upped their price objective on CyberArk Software from $310.00 to $325.00 and gave the stock an "outperform" rating in a research note on Thursday, October 17th. One analyst has rated the stock with a hold rating and twenty-four have issued a buy rating to the company's stock. According to data from MarketBeat, CyberArk Software currently has a consensus rating of "Moderate Buy" and an average target price of $311.44.
Read Our Latest Stock Report on 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.
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