Symmetry Peak Management LLC acquired a new stake in CyberArk Software Ltd. (NASDAQ:CYBR) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 23,411 shares of the technology company’s stock, valued at approximately $1,191,000.
Several other institutional investors have also recently modified their holdings of CYBR. MARSHALL WACE ASIA Ltd purchased a new position in shares of CyberArk Software during the first quarter valued at about $56,420,000. Marshall Wace North America L.P. purchased a new position in shares of CyberArk Software during the first quarter valued at about $56,420,000. Ameriprise Financial Inc. raised its position in shares of CyberArk Software by 3.9% in the first quarter. Ameriprise Financial Inc. now owns 1,001,178 shares of the technology company’s stock valued at $50,930,000 after buying an additional 37,788 shares during the last quarter. Jennison Associates LLC raised its position in shares of CyberArk Software by 62.8% in the first quarter. Jennison Associates LLC now owns 959,820 shares of the technology company’s stock valued at $48,826,000 after buying an additional 370,293 shares during the last quarter. Finally, Columbia Wanger Asset Management LLC purchased a new position in shares of CyberArk Software during the first quarter valued at about $30,030,000. 77.86% of the stock is currently owned by institutional investors.
Shares of CyberArk Software Ltd. (NASDAQ CYBR) traded up 0.06% during midday trading on Friday, reaching $48.57. The company’s stock had a trading volume of 409,351 shares. The company has a market capitalization of $1.44 billion, a P/E ratio of 55.83 and a beta of 2.66. The stock has a 50 day moving average of $49.97 and a 200-day moving average of $50.34. CyberArk Software Ltd. has a 1-year low of $44.13 and a 1-year high of $59.28.
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Several equities analysts have issued reports on CYBR shares. Imperial Capital reaffirmed an “outperform” rating and set a $63.00 price objective (up previously from $55.00) on shares of CyberArk Software in a report on Thursday, February 16th. Vetr raised CyberArk Software from a “buy” rating to a “strong-buy” rating and set a $60.34 price target on the stock in a report on Monday, May 15th. Evercore ISI raised CyberArk Software from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $51.00 to $60.00 in a report on Wednesday, March 29th. Piper Jaffray Companies lowered their price target on CyberArk Software from $63.00 to $61.00 and set an “overweight” rating on the stock in a report on Friday, May 12th. Finally, Zacks Investment Research raised CyberArk Software from a “sell” rating to a “hold” rating in a report on Wednesday, April 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $57.43.
CyberArk Software Company Profile
CyberArk Software Ltd is an Israel-based provider of information technology (IT) security solutions that protects organizations from cyber-attacks. The Company’s software solutions are focused on protecting privileged accounts, which have become a critical target in the lifecycle of cyber-attacks. The Company’s Privileged Account Security Solution consists of various products, such as Shares Technology Platform, Enterprise Password Vault, SSH Key Manager, Privileged Session Manager, Privileged Threat Analytics, Application Identity Manager, CyberArk-Conjur, Endpoint Privilege Manager and On-Demand Privileges Manager.
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