Sumitomo Mitsui Trust Group Inc. Increases Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 6.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 76,326 shares of the technology company’s stock after acquiring an additional 4,800 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.18% of CyberArk Software worth $22,257,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. RGM Capital LLC raised its holdings in shares of CyberArk Software by 2.1% during the 2nd quarter. RGM Capital LLC now owns 814,129 shares of the technology company’s stock worth $222,599,000 after acquiring an additional 16,530 shares in the last quarter. Whale Rock Capital Management LLC raised its stake in CyberArk Software by 21.6% during the first quarter. Whale Rock Capital Management LLC now owns 459,828 shares of the technology company’s stock valued at $122,144,000 after purchasing an additional 81,801 shares in the last quarter. Swedbank AB lifted its position in CyberArk Software by 11.1% during the third quarter. Swedbank AB now owns 457,899 shares of the technology company’s stock valued at $133,528,000 after purchasing an additional 45,799 shares during the last quarter. 1832 Asset Management L.P. grew its stake in shares of CyberArk Software by 1,291.7% in the 1st quarter. 1832 Asset Management L.P. now owns 386,365 shares of the technology company’s stock worth $102,630,000 after buying an additional 358,602 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of CyberArk Software in the 3rd quarter worth about $82,485,000. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Trading Up 1.3 %

NASDAQ:CYBR opened at $305.27 on Monday. CyberArk Software Ltd. has a twelve month low of $183.28 and a twelve month high of $318.16. The company has a market cap of $13.30 billion, a PE ratio of 1,130.63 and a beta of 1.13. The company’s 50 day moving average is $285.06 and its two-hundred day moving average is $267.28.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.48. The firm had revenue of $240.10 million for the quarter, compared to analyst estimates of $234.10 million. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The business’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.31) earnings per share. As a group, analysts expect that CyberArk Software Ltd. will post -0.99 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Oppenheimer increased their price target on shares of CyberArk Software from $310.00 to $360.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Jefferies Financial Group raised their price objective on CyberArk Software from $315.00 to $330.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. DA Davidson boosted their target price on CyberArk Software from $285.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Barclays raised their price target on CyberArk Software from $330.00 to $335.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Susquehanna boosted their price objective on shares of CyberArk Software from $320.00 to $345.00 and gave the company a “positive” rating in a research report on Thursday. One research analyst has rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to MarketBeat, CyberArk Software presently has an average rating of “Moderate Buy” and a consensus price target of $328.37.

CyberArk Software 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.