CyberArk Software Ltd. (NASDAQ:CYBR) Shares Bought by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB grew its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 321.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,077 shares of the technology company’s stock after acquiring an additional 1,584 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in CyberArk Software were worth $692,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Jennison Associates LLC increased its position in CyberArk Software by 32.3% during the fourth quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company’s stock worth $534,287,000 after purchasing an additional 391,900 shares during the last quarter. Groupama Asset Managment increased its holdings 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 buying an additional 5,402 shares during the last quarter. Nepsis Inc. raised its position 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 valued at $187,339,000 after buying an additional 505,088 shares during the period. Swedbank AB lifted its holdings in 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. Finally, Whale Rock Capital Management LLC grew its position in CyberArk Software by 3.3% in the third quarter. Whale Rock Capital Management LLC now owns 460,964 shares of the technology company’s stock worth $134,422,000 after acquiring an additional 14,927 shares during the period. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Trading Up 1.5 %

CyberArk Software stock opened at $389.97 on Tuesday. The stock has a market cap of $16.99 billion, a P/E ratio of 1,444.39 and a beta of 1.15. The company has a fifty day simple moving average of $340.76 and a 200-day simple moving average of $303.64. CyberArk Software Ltd. has a 12-month low of $223.09 and a 12-month high of $394.31.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.48. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The business had revenue of $240.10 million during the quarter, compared to analysts’ expectations of $234.10 million. During the same period in the prior year, the firm posted ($0.31) EPS. The business’s quarterly revenue was up 25.6% compared to the same quarter last year. As a group, sell-side analysts forecast that CyberArk Software Ltd. will post -0.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CYBR shares. Stifel Nicolaus lifted their target price on CyberArk Software from $335.00 to $370.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. UBS Group upped their target price on shares of CyberArk Software from $340.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Scotiabank lifted their price target on shares of CyberArk Software from $340.00 to $400.00 and gave the company a “sector outperform” rating in a research report on Tuesday, January 21st. Robert W. Baird upped their price objective on shares of CyberArk Software from $355.00 to $370.00 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Finally, Susquehanna lifted their target price on shares of CyberArk Software from $320.00 to $345.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $371.89.

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.