Sei Investments Co. Purchases 13,823 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Sei Investments Co. boosted its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 12.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 128,406 shares of the technology company’s stock after purchasing an additional 13,823 shares during the quarter. Sei Investments Co. owned about 0.29% of CyberArk Software worth $42,779,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of CyberArk Software during the fourth quarter worth $25,000. TD Private Client Wealth LLC raised its stake in CyberArk Software by 79.1% in the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock worth $26,000 after purchasing an additional 34 shares in the last quarter. Plato Investment Management Ltd bought a new stake in CyberArk Software in the 4th quarter valued at about $39,000. Montag A & Associates Inc. grew its position in shares of CyberArk Software by 47.2% during the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock worth $44,000 after purchasing an additional 42 shares in the last quarter. Finally, Brown Lisle Cummings Inc. bought a new position in shares of CyberArk Software during the fourth quarter worth approximately $50,000. 91.84% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Trading Down 0.2 %

NASDAQ CYBR opened at $351.00 on Tuesday. The firm has a market capitalization of $17.35 billion, a PE ratio of -180.00 and a beta of 1.06. The business’s 50-day moving average price is $364.42 and its two-hundred day moving average price is $324.32. CyberArk Software Ltd. has a 12 month low of $223.41 and a 12 month high of $421.00.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. As a group, analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CYBR shares. Mizuho increased their price target on CyberArk Software from $345.00 to $365.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Morgan Stanley began coverage on CyberArk Software in a report on Tuesday, March 18th. They set an “equal weight” rating on the stock. KeyCorp increased their price objective on shares of CyberArk Software from $400.00 to $485.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. raised their target price on shares of CyberArk Software from $375.00 to $431.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Finally, Citigroup upped their price target on shares of CyberArk Software from $410.00 to $450.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Two equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $418.15.

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.