Natixis Advisors LLC Increases Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Natixis Advisors LLC lifted its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 6.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,912 shares of the technology company’s stock after purchasing an additional 3,759 shares during the period. Natixis Advisors LLC owned about 0.15% of CyberArk Software worth $21,625,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of CyberArk Software in the 4th quarter valued at about $25,000. Assetmark Inc. increased its stake in shares of CyberArk Software by 1,025.0% in the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after purchasing an additional 123 shares in the last quarter. Plato Investment Management Ltd purchased a new stake in CyberArk Software during the 4th quarter worth approximately $39,000. Montag A & Associates Inc. increased its stake in CyberArk Software by 47.2% during the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock worth $44,000 after buying an additional 42 shares in the last quarter. Finally, Brown Lisle Cummings Inc. purchased a new stake in CyberArk Software during the 4th quarter worth approximately $50,000. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Up 2.1 %

NASDAQ:CYBR opened at $346.44 on Tuesday. The stock’s fifty day moving average is $363.86 and its two-hundred day moving average is $321.91. CyberArk Software Ltd. has a 52 week low of $223.41 and a 52 week high of $421.00. The stock has a market capitalization of $17.12 billion, a price-to-earnings ratio of -177.66 and a beta of 1.06.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.85). CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. On average, sell-side analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CYBR shares. Truist Financial boosted their price objective on CyberArk Software from $385.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. DA Davidson reiterated a “buy” rating and set a $475.00 price objective on shares of CyberArk Software in a research note on Tuesday, February 25th. Barclays boosted their price objective on CyberArk Software from $375.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Scotiabank boosted their price objective on CyberArk Software from $340.00 to $400.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, January 21st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $480.00 price objective on shares of CyberArk Software in a research note on Wednesday, February 26th. Two analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $418.15.

CyberArk Software Company Profile

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.