CyberArk Software Ltd. (NASDAQ:CYBR) Shares Acquired by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. boosted its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 9.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,576 shares of the technology company’s stock after buying an additional 1,024 shares during the quarter. Geneos Wealth Management Inc.’s holdings in CyberArk Software were worth $3,857,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in CyberArk Software by 506.7% in the second quarter. Dimensional Fund Advisors LP now owns 6,565 shares of the technology company’s stock valued at $1,795,000 after purchasing an additional 5,483 shares during the last quarter. Ensign Peak Advisors Inc acquired a new stake in CyberArk Software in the second quarter valued at $711,000. Toronto Dominion Bank acquired a new position in CyberArk Software during the 2nd quarter worth $164,000. APG Asset Management N.V. increased its position in shares of CyberArk Software by 8.1% in the 2nd quarter. APG Asset Management N.V. now owns 28,311 shares of the technology company’s stock worth $7,223,000 after purchasing an additional 2,116 shares during the last quarter. Finally, MBB Public Markets I LLC acquired a new stake in shares of CyberArk Software in the 2nd quarter valued at about $801,000. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Stock Up 0.2 %

CYBR opened at $359.72 on Friday. The business has a fifty day simple moving average of $329.93 and a 200-day simple moving average of $295.88. The firm has a market cap of $15.67 billion, a PE ratio of 1,332.35 and a beta of 1.13. CyberArk Software Ltd. has a fifty-two week low of $223.09 and a fifty-two week high of $366.48.

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Truist Financial reissued a “buy” rating and issued a $350.00 price objective (up from $300.00) on shares of CyberArk Software in a report on Thursday, November 14th. DA Davidson boosted their price target on CyberArk Software from $360.00 to $390.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Morgan Stanley reaffirmed an “equal weight” rating and issued a $316.00 price objective on shares of CyberArk Software in a report on Tuesday, December 31st. Canaccord Genuity Group increased their target price on shares of CyberArk Software from $310.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, JPMorgan Chase & Co. lifted their price target on shares of CyberArk Software from $355.00 to $375.00 and gave the company an “overweight” rating in a report on Monday, December 16th. One equities research analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $358.74.

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.