Baillie Gifford & Co. Grows Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Baillie Gifford & Co. lifted its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 0.4% in the third quarter, HoldingsChannel.com reports. The fund owned 101,398 shares of the technology company’s stock after acquiring an additional 407 shares during the quarter. Baillie Gifford & Co.’s holdings in CyberArk Software were worth $29,569,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. RGM Capital LLC boosted its holdings in shares of CyberArk Software by 2.1% in the 2nd quarter. RGM Capital LLC now owns 814,129 shares of the technology company’s stock worth $222,599,000 after purchasing an additional 16,530 shares in the last quarter. Whale Rock Capital Management LLC boosted its stake in CyberArk Software by 21.6% in the first quarter. Whale Rock Capital Management LLC now owns 459,828 shares of the technology company’s stock worth $122,144,000 after buying an additional 81,801 shares in the last quarter. Swedbank AB raised its stake in shares of CyberArk Software by 11.1% during the third quarter. Swedbank AB now owns 457,899 shares of the technology company’s stock worth $133,528,000 after acquiring an additional 45,799 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of CyberArk Software by 38.2% in the 1st quarter. Acadian Asset Management LLC now owns 405,375 shares of the technology company’s stock valued at $107,642,000 after purchasing an additional 112,112 shares in the last quarter. Finally, 1832 Asset Management L.P. grew its holdings in shares of CyberArk Software by 1,291.7% during the 1st quarter. 1832 Asset Management L.P. now owns 386,365 shares of the technology company’s stock valued at $102,630,000 after purchasing an additional 358,602 shares during the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

CyberArk Software Trading Up 2.1 %

CYBR opened at $300.76 on Wednesday. The company has a market cap of $13.10 billion, a price-to-earnings ratio of -939.88 and a beta of 1.13. The stock has a fifty day simple moving average of $282.91 and a two-hundred day simple moving average of $265.83. CyberArk Software Ltd. has a 12-month low of $181.11 and a 12-month high of $308.63.

Analysts Set New Price Targets

Several analysts have weighed in on CYBR shares. Oppenheimer boosted their price target on shares of CyberArk Software from $310.00 to $360.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Wedbush increased their target price on CyberArk Software from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, October 1st. Citigroup lifted their price target on CyberArk Software from $305.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. KeyCorp raised their target price on shares of CyberArk Software from $310.00 to $340.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Finally, BTIG Research upped their price target on shares of CyberArk Software from $310.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. One analyst has rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $311.44.

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.