Bank of Nova Scotia Has $303,000 Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

Bank of Nova Scotia increased its stake in CyberArk Software Ltd. (NASDAQ:CYBR – Get Rating) by 5.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,337 shares of the technology company’s stock after purchasing an additional 117 shares during the quarter. Bank of Nova Scotia’s holdings in CyberArk Software were worth $303,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Comerica Bank lifted its holdings in CyberArk Software by 2.9% in the 3rd quarter. Comerica Bank now owns 2,702 shares of the technology company’s stock worth $402,000 after purchasing an additional 77 shares during the last quarter. Intech Investment Management LLC lifted its holdings in CyberArk Software by 2.5% in the 4th quarter. Intech Investment Management LLC now owns 3,299 shares of the technology company’s stock worth $428,000 after purchasing an additional 79 shares during the last quarter. MML Investors Services LLC lifted its holdings in CyberArk Software by 6.1% in the 3rd quarter. MML Investors Services LLC now owns 1,704 shares of the technology company’s stock worth $255,000 after purchasing an additional 98 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in CyberArk Software by 2.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,402 shares of the technology company’s stock worth $563,000 after purchasing an additional 101 shares during the last quarter. Finally, Captrust Financial Advisors lifted its holdings in CyberArk Software by 4.4% in the 2nd quarter. Captrust Financial Advisors now owns 2,425 shares of the technology company’s stock worth $310,000 after purchasing an additional 103 shares during the last quarter. 91.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CYBR has been the topic of several recent analyst reports. DA Davidson lifted their price target on CyberArk Software from $175.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, February 10th. Citigroup lifted their price target on CyberArk Software from $155.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, February 10th. Morgan Stanley lifted their price target on CyberArk Software from $160.00 to $173.00 and gave the stock an “overweight” rating in a research report on Friday, February 10th. Mizuho reaffirmed a “buy” rating and issued a $175.00 price target on shares of CyberArk Software in a research report on Friday, February 10th. Finally, Barclays lifted their price target on CyberArk Software from $175.00 to $178.00 in a research report on Friday, May 12th. Five investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $174.77.

CyberArk Software Stock Performance

Shares of NASDAQ:CYBR opened at $155.06 on Friday. The business’s fifty day moving average price is $138.19 and its two-hundred day moving average price is $139.34. CyberArk Software Ltd. has a fifty-two week low of $113.19 and a fifty-two week high of $165.18. The stock has a market capitalization of $6.35 billion, a price-to-earnings ratio of -49.83 and a beta of 1.09. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.31 and a quick ratio of 2.31.

About CyberArk Software

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CyberArk Software Ltd. engages in the development, market, and sale of access security software solutions. The firm’s products include Privilege, Access, and DevSecOps. It offers its products and services to banking, insurance, healthcare, and federal industries. The company was founded by Udi Mokady and Alon Cohen in 1999 and is headquartered in Petah Tikva, Israel.