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

Robeco Institutional Asset Management B.V. lifted its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 22.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,798 shares of the technology company’s stock after purchasing an additional 15,885 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in CyberArk Software were worth $29,250,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Jennison Associates LLC increased its position 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 buying an additional 9,570 shares in the last quarter. Groupama Asset Managment increased its holdings in CyberArk Software by 0.5% in the 3rd quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock worth $304,000 after acquiring an additional 5,402 shares in the last quarter. Nepsis Inc. raised its stake in CyberArk Software by 882.4% during the 4th quarter. Nepsis Inc. now owns 562,327 shares of the technology company’s stock worth $187,339,000 after acquiring an additional 505,088 shares during the period. Whale Rock Capital Management LLC lifted its holdings in CyberArk Software by 3.3% during the third quarter. Whale Rock Capital Management LLC now owns 460,964 shares of the technology company’s stock valued at $134,422,000 after purchasing an additional 14,927 shares in the last quarter. Finally, Swedbank AB boosted its position in shares of CyberArk Software by 11.1% in the third 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 owned by institutional investors.

CyberArk Software Price Performance

Shares of NASDAQ:CYBR opened at $371.63 on Friday. The firm has a market capitalization of $16.19 billion, a PE ratio of 1,376.46 and a beta of 1.13. The business 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 1 year low of $223.09 and a 1 year high of $377.22.

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of CyberArk Software from $355.00 to $375.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Mizuho increased their target price 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 reissued an “equal weight” rating and issued a $316.00 price target on shares of CyberArk Software in a report on Tuesday, December 31st. BTIG Research increased their price objective on shares of CyberArk Software from $310.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Needham & Company LLC boosted their target price on shares of CyberArk Software from $360.00 to $410.00 and gave the stock a “buy” rating in a report on Thursday, January 9th. One analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.