Duality Advisers LP Boosts Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Duality Advisers LP grew its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 8.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,374 shares of the technology company’s stock after purchasing an additional 183 shares during the quarter. Duality Advisers LP’s holdings in CyberArk Software were worth $520,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CYBR. National Bank of Canada FI boosted its stake in shares of CyberArk Software by 34.1% in the third quarter. National Bank of Canada FI now owns 613 shares of the technology company’s stock valued at $100,000 after purchasing an additional 156 shares during the period. Bfsg LLC boosted its stake in shares of CyberArk Software by 27.3% in the third quarter. Bfsg LLC now owns 8,583 shares of the technology company’s stock valued at $1,406,000 after purchasing an additional 1,839 shares during the period. AMI Asset Management Corp boosted its stake in shares of CyberArk Software by 1.9% in the third quarter. AMI Asset Management Corp now owns 30,451 shares of the technology company’s stock valued at $4,987,000 after purchasing an additional 580 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of CyberArk Software by 6.4% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 12,810 shares of the technology company’s stock valued at $2,098,000 after purchasing an additional 769 shares during the period. Finally, Sheets Smith Wealth Management boosted its stake in shares of CyberArk Software by 2.5% in the third quarter. Sheets Smith Wealth Management now owns 2,778 shares of the technology company’s stock valued at $455,000 after purchasing an additional 68 shares during the period. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on CYBR. Rosenblatt Securities raised their price objective on shares of CyberArk Software from $265.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Wells Fargo & Company lifted their price target on shares of CyberArk Software from $250.00 to $275.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. Truist Financial lifted their price target on shares of CyberArk Software from $250.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Bank of America reiterated a “buy” rating and issued a $315.00 price target on shares of CyberArk Software in a research note on Wednesday. Finally, Mizuho lifted their price target on shares of CyberArk Software from $250.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Two analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat, CyberArk Software currently has a consensus rating of “Moderate Buy” and an average target price of $258.54.

CyberArk Software Stock Up 0.2 %

Shares of CyberArk Software stock opened at $245.07 on Friday. The firm’s fifty day simple moving average is $256.39 and its 200-day simple moving average is $222.88. CyberArk Software Ltd. has a 12 month low of $120.11 and a 12 month high of $283.00.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Thursday, February 8th. The technology company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.53. The business had revenue of $223.10 million for the quarter, compared to analysts’ expectations of $209.65 million. CyberArk Software had a negative net margin of 8.84% and a negative return on equity of 8.23%. Equities analysts predict that CyberArk Software Ltd. will post -1.46 EPS for the current year.

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.