Pier 88 Investment Partners LLC Acquires 4,120 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Pier 88 Investment Partners LLC raised its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 26.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,460 shares of the technology company’s stock after purchasing an additional 4,120 shares during the period. CyberArk Software accounts for approximately 1.3% of Pier 88 Investment Partners LLC’s investment portfolio, making the stock its 21st biggest position. Pier 88 Investment Partners LLC’s holdings in CyberArk Software were worth $5,675,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Russell Investments Group Ltd. increased its stake in CyberArk Software by 58.3% during the 1st quarter. Russell Investments Group Ltd. now owns 33,255 shares of the technology company’s stock worth $8,830,000 after acquiring an additional 12,242 shares during the period. Quadrature Capital Ltd bought a new stake in CyberArk Software during the first quarter worth about $2,741,000. Price T Rowe Associates Inc. MD grew its stake in CyberArk Software by 715.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 56,262 shares of the technology company’s stock worth $14,946,000 after buying an additional 49,360 shares in the last quarter. Ensign Peak Advisors Inc bought a new position in CyberArk Software in the 2nd quarter valued at about $711,000. Finally, 1832 Asset Management L.P. lifted 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 worth $102,630,000 after acquiring an additional 358,602 shares during the period. Institutional investors own 91.84% of the company’s stock.

Analysts Set New Price Targets

CYBR has been the topic of a number of recent analyst reports. Mizuho boosted their price objective on shares of CyberArk Software from $310.00 to $325.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Susquehanna upped their price objective on shares of CyberArk Software from $310.00 to $320.00 and gave the stock a “positive” rating in a research report on Friday, August 9th. Jefferies Financial Group boosted their price objective on CyberArk Software from $315.00 to $330.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. JMP Securities reiterated a “market outperform” rating and issued a $310.00 target price on shares of CyberArk Software in a research report on Monday, November 4th. Finally, Citigroup boosted their price target on CyberArk Software from $305.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, August 9th. One research analyst has rated the stock with a hold rating and twenty-four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $311.44.

CyberArk Software Trading Down 3.0 %

CYBR opened at $291.61 on Thursday. The company’s fifty day moving average price is $283.33 and its two-hundred day moving average price is $266.24. The company has a market cap of $12.71 billion, a price-to-earnings ratio of -911.28 and a beta of 1.13. CyberArk Software Ltd. has a 1-year low of $183.28 and a 1-year high of $318.16.

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.