CyberArk Software Ltd. (NASDAQ:CYBR) Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 2.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 78,069 shares of the technology company’s stock after acquiring an additional 1,743 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.18% of CyberArk Software worth $26,009,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of CyberArk Software during the 4th quarter worth approximately $25,000. Assetmark Inc. grew its holdings in shares of CyberArk Software by 1,025.0% during the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after purchasing an additional 123 shares during the last quarter. Brown Lisle Cummings Inc. acquired a new stake in shares of CyberArk Software during the fourth quarter worth about $50,000. Transcendent Capital Group LLC purchased a new stake in shares of CyberArk Software in the 3rd quarter valued at about $51,000. Finally, Kieckhefer Group LLC acquired a new stake in shares of CyberArk Software in the 4th quarter valued at about $67,000. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Performance

Shares of CyberArk Software stock opened at $381.81 on Wednesday. CyberArk Software Ltd. has a 1 year low of $223.09 and a 1 year high of $394.31. The firm’s 50-day simple moving average is $342.18 and its 200-day simple moving average is $304.57. The firm has a market cap of $16.64 billion, a PE ratio of 1,414.16 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.48. The firm had revenue of $240.10 million for the quarter, compared to analysts’ expectations of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. CyberArk Software’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.31) earnings per share. On average, equities analysts predict that CyberArk Software Ltd. will post -0.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CYBR. JPMorgan Chase & Co. boosted their price objective on CyberArk Software from $375.00 to $431.00 and gave the company an “overweight” rating in a research note on Tuesday. Citigroup upped their price target on shares of CyberArk Software from $355.00 to $410.00 and gave the company a “buy” rating in a research report on Friday, January 17th. StockNews.com downgraded shares of CyberArk Software from a “buy” rating to a “hold” rating in a research report on Monday. Scotiabank upped their target price on shares of CyberArk Software from $340.00 to $400.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 21st. Finally, Rosenblatt Securities raised their price target on CyberArk Software from $345.00 to $415.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Two analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $373.96.

CyberArk Software 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.