Robeco Institutional Asset Management B.V. Purchases 15,885 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Robeco Institutional Asset Management B.V. increased its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 22.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,798 shares of the technology company’s stock after buying an additional 15,885 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.20% of CyberArk Software worth $29,250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of CYBR. Jennison Associates LLC lifted its stake in CyberArk Software by 0.8% in the third quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company’s stock worth $353,386,000 after purchasing an additional 9,570 shares during the last quarter. Groupama Asset Managment lifted its stake in shares of CyberArk Software by 0.5% in the 3rd quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock valued at $304,000 after acquiring an additional 5,402 shares during the last quarter. Nepsis Inc. boosted its holdings in CyberArk Software by 882.4% during the 4th quarter. Nepsis Inc. now owns 562,327 shares of the technology company’s stock valued at $187,339,000 after acquiring an additional 505,088 shares during the period. Whale Rock Capital Management LLC grew its position in CyberArk Software by 3.3% during the 3rd quarter. Whale Rock Capital Management LLC now owns 460,964 shares of the technology company’s stock worth $134,422,000 after acquiring an additional 14,927 shares during the last quarter. Finally, Swedbank AB increased its stake in CyberArk Software by 11.1% in the 3rd quarter. Swedbank AB now owns 457,899 shares of the technology company’s stock worth $133,528,000 after purchasing an additional 45,799 shares during the period. 91.84% of the stock is currently owned by institutional investors.

CyberArk Software Stock Performance

Shares of CyberArk Software stock opened at $371.63 on Friday. The company has a 50-day simple moving average of $333.24 and a two-hundred day simple moving average of $297.93. CyberArk Software Ltd. has a 52-week low of $223.09 and a 52-week high of $377.22. The stock has a market capitalization of $16.19 billion, a PE ratio of 1,376.46 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.46 by $0.48. The business had revenue of $240.10 million for the quarter, compared to the consensus estimate of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The company’s revenue was up 25.6% compared to the same quarter last year. During the same period last year, the business posted ($0.31) EPS. As a group, equities research analysts forecast that CyberArk Software Ltd. will post -0.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Rosenblatt Securities increased their price objective on CyberArk Software from $345.00 to $415.00 and gave the company a “buy” rating in a research note on Thursday. Mizuho raised their price target on shares of CyberArk Software from $345.00 to $365.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $415.00 price objective on shares of CyberArk Software in a research note on Monday. Needham & Company LLC raised their target price on CyberArk Software from $360.00 to $410.00 and gave the stock a “buy” rating in a research note on Thursday, January 9th. Finally, UBS Group upped their price target on CyberArk Software from $340.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $367.44.

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.