Clearbridge Investments LLC Purchases 1,127 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Clearbridge Investments LLC grew its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 0.5% in the fourth quarter, HoldingsChannel reports. The fund owned 240,801 shares of the technology company’s stock after acquiring an additional 1,127 shares during the period. Clearbridge Investments LLC’s holdings in CyberArk Software were worth $80,223,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Norges Bank acquired a new position in CyberArk Software during the fourth quarter worth $203,375,000. Nepsis Inc. lifted its position in 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 buying an additional 505,088 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of CyberArk Software by 32.3% during the 4th quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company’s stock worth $534,287,000 after buying an additional 391,900 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of CyberArk Software by 195.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 508,355 shares of the technology company’s stock valued at $170,614,000 after acquiring an additional 336,462 shares in the last quarter. Finally, Swedbank AB increased its position in shares of CyberArk Software by 19.0% in the fourth quarter. Swedbank AB now owns 545,100 shares of the technology company’s stock valued at $181,600,000 after acquiring an additional 87,201 shares during the last quarter. 91.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Piper Sandler raised their price target on CyberArk Software from $380.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Cantor Fitzgerald reissued an “overweight” rating and issued a $415.00 target price on shares of CyberArk Software in a research note on Monday, January 27th. Rosenblatt Securities reaffirmed a “buy” rating and set a $445.00 price target on shares of CyberArk Software in a research report on Wednesday, February 26th. Guggenheim reiterated a “buy” rating and issued a $455.00 price target on shares of CyberArk Software in a research note on Tuesday, February 25th. Finally, Robert W. Baird boosted their price objective on shares of CyberArk Software from $455.00 to $465.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $417.22.

CyberArk Software Stock Performance

NASDAQ:CYBR opened at $338.00 on Tuesday. The firm has a market cap of $16.71 billion, a price-to-earnings ratio of -173.33 and a beta of 1.06. CyberArk Software Ltd. has a 52 week low of $223.41 and a 52 week high of $421.00. The firm’s 50-day simple moving average is $363.88 and its 200 day simple moving average is $327.12.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing the consensus estimate 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%. Sell-side analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current year.

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.