CyberArk Software Ltd. (NASDAQ:CYBR) Shares Acquired by Swiss National Bank

Swiss National Bank boosted its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 2.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 128,700 shares of the technology company’s stock after buying an additional 3,100 shares during the period. Swiss National Bank owned 0.30% of CyberArk Software worth $37,530,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CYBR. Greenleaf Trust increased its stake in shares of CyberArk Software by 2.5% during the third quarter. Greenleaf Trust now owns 1,829 shares of the technology company’s stock valued at $533,000 after acquiring an additional 45 shares during the period. Signaturefd LLC increased its position in shares of CyberArk Software by 4.2% during the 3rd quarter. Signaturefd LLC now owns 1,206 shares of the technology company’s stock valued at $352,000 after purchasing an additional 49 shares during the period. Austin Private Wealth LLC increased its position in shares of CyberArk Software by 6.8% during the 3rd quarter. Austin Private Wealth LLC now owns 815 shares of the technology company’s stock valued at $238,000 after purchasing an additional 52 shares during the period. Arcadia Investment Management Corp MI lifted its holdings in shares of CyberArk Software by 42.2% in the second quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock valued at $50,000 after buying an additional 54 shares during the period. Finally, Juncture Wealth Strategies LLC boosted its stake in CyberArk Software by 2.1% during the third quarter. Juncture Wealth Strategies LLC now owns 2,830 shares of the technology company’s stock valued at $825,000 after buying an additional 57 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Trading Up 0.6 %

Shares of NASDAQ:CYBR opened at $316.90 on Thursday. The business has a fifty day simple moving average of $287.06 and a 200 day simple moving average of $268.62. CyberArk Software Ltd. has a 1 year low of $186.96 and a 1 year high of $318.64. The firm has a market cap of $13.81 billion, a price-to-earnings ratio of 1,173.75 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.48. The firm had revenue of $240.10 million for the quarter, compared to the consensus estimate of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The firm’s revenue was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.31) earnings per share. On average, sell-side analysts forecast that CyberArk Software Ltd. will post -0.99 EPS for the current year.

Wall Street Analysts Forecast Growth

CYBR has been the topic of several research reports. BTIG Research boosted their price target on shares of CyberArk Software from $310.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Rosenblatt Securities reiterated a “buy” rating and issued a $310.00 target price on shares of CyberArk Software in a report on Tuesday, August 6th. Canaccord Genuity Group raised 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. Robert W. Baird upped their price target on CyberArk Software from $315.00 to $355.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Wells Fargo & Company raised their price objective on CyberArk Software from $300.00 to $350.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $328.37.

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.