Clal Insurance Enterprises Holdings Ltd Buys 83,252 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Clal Insurance Enterprises Holdings Ltd lifted its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 138.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 143,252 shares of the technology company’s stock after buying an additional 83,252 shares during the period. Clal Insurance Enterprises Holdings Ltd’s holdings in CyberArk Software were worth $47,724,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Jennison Associates LLC grew its holdings in CyberArk Software by 32.3% during the 4th quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company’s stock valued at $534,287,000 after purchasing an additional 391,900 shares during the last quarter. Groupama Asset Managment raised its stake in shares of CyberArk Software by 0.5% during the 3rd quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock worth $304,000 after acquiring an additional 5,402 shares in the last quarter. Nepsis Inc. raised its stake in shares of CyberArk Software by 882.4% during the 4th quarter. Nepsis Inc. now owns 562,327 shares of the technology company’s stock worth $187,339,000 after acquiring an additional 505,088 shares in the last quarter. TimesSquare Capital Management LLC raised its stake in shares of CyberArk Software by 4.6% during the 4th quarter. TimesSquare Capital Management LLC now owns 560,353 shares of the technology company’s stock worth $186,682,000 after acquiring an additional 24,805 shares in the last quarter. Finally, Swedbank AB increased its stake in CyberArk Software by 19.0% during the 4th quarter. Swedbank AB now owns 545,100 shares of the technology company’s stock valued at $181,600,000 after purchasing an additional 87,201 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CYBR shares. Oppenheimer increased their price objective on shares of CyberArk Software from $360.00 to $420.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Wells Fargo & Company increased their price objective on shares of CyberArk Software from $425.00 to $500.00 and gave the company an “overweight” rating in a report on Friday, February 14th. KeyCorp increased their price objective on shares of CyberArk Software from $400.00 to $485.00 and gave the company an “overweight” rating in a report on Friday, February 14th. JMP Securities raised their price target on shares of CyberArk Software from $390.00 to $480.00 and gave the stock a “market outperform” rating in a research note on Friday, February 14th. Finally, Scotiabank raised their price objective on shares of CyberArk Software from $340.00 to $400.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. Two equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $416.67.

CyberArk Software Price Performance

CyberArk Software stock opened at $363.85 on Friday. The company has a market cap of $15.85 billion, a PE ratio of -186.59 and a beta of 1.15. The company has a fifty day moving average price of $361.40 and a two-hundred day moving average price of $317.08. CyberArk Software Ltd. has a 12 month low of $223.41 and a 12 month high of $421.00.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data 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%. Equities research analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

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.