Wasatch Advisors Inc. increased its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 44.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,608,828 shares of the technology company’s stock after purchasing an additional 802,839 shares during the quarter. CyberArk Software makes up 1.7% of Wasatch Advisors Inc.’s holdings, making the stock its 11th largest position. Wasatch Advisors Inc. owned about 6.84% of CyberArk Software worth $269,805,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of CYBR. Nachman Norwood & Parrott Inc acquired a new stake in shares of CyberArk Software during the 3rd quarter worth approximately $62,000. Cerebellum GP LLC bought a new position in CyberArk Software in the 3rd quarter valued at approximately $64,000. Stephens Inc. AR lifted its stake in CyberArk Software by 457.1% in the 2nd quarter. Stephens Inc. AR now owns 975 shares of the technology company’s stock valued at $97,000 after purchasing an additional 800 shares during the last quarter. Signaturefd LLC lifted its stake in CyberArk Software by 222.6% in the 3rd quarter. Signaturefd LLC now owns 1,329 shares of the technology company’s stock valued at $137,000 after purchasing an additional 917 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in CyberArk Software by 19.1% in the 2nd quarter. Fifth Third Bancorp now owns 1,937 shares of the technology company’s stock valued at $192,000 after purchasing an additional 310 shares during the last quarter. 80.97% of the stock is currently owned by institutional investors.
NASDAQ CYBR traded up $1.18 during mid-day trading on Friday, reaching $109.49. 306,321 shares of the stock were exchanged, compared to its average volume of 601,071. CyberArk Software Ltd. has a one year low of $69.50 and a one year high of $144.90. The stock has a 50 day simple moving average of $107.67 and a 200-day simple moving average of $105.62. The stock has a market cap of $4.17 billion, a P/E ratio of 1,564.37, a P/E/G ratio of 24.40 and a beta of 1.28. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.47 and a quick ratio of 4.47.
Several brokerages recently commented on CYBR. Barclays dropped their price objective on shares of CyberArk Software from $130.00 to $118.00 and set an “overweight” rating for the company in a research note on Wednesday, November 11th. Monness Crespi & Hardt increased their price objective on shares of CyberArk Software from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. DA Davidson dropped their price objective on shares of CyberArk Software from $115.00 to $100.00 in a research note on Wednesday, November 11th. Robert W. Baird reaffirmed a “hold” rating and set a $120.00 price target on shares of CyberArk Software in a research note on Tuesday, August 4th. Finally, BidaskClub downgraded shares of CyberArk Software from a “hold” rating to a “sell” rating in a research note on Tuesday, November 3rd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $117.38.
CyberArk Software Profile
CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sales software-based security solutions and services for organizations to safeguard and monitor their privileged accounts. The company's solutions include Core Privileged Access Security for risk-based credential security and session management with add-on options for least privilege server and domain controller protection, as well as secure remote vendor access to privileged access security; Application Access Manager for secrets management for application types and non-human identities; and Endpoint Privilege Manager for least privilege and credential theft protection for workstations.
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