Desjardins Global Asset Management Inc. Buys 51 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Desjardins Global Asset Management Inc. grew its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 22.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 282 shares of the technology company’s stock after acquiring an additional 51 shares during the period. Desjardins Global Asset Management Inc.’s holdings in CyberArk Software were worth $62,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. 1832 Asset Management L.P. bought a new position in CyberArk Software in the 4th quarter worth approximately $33,000. Assetmark Inc. boosted its holdings in CyberArk Software by 62.1% in the 3rd quarter. Assetmark Inc. now owns 248 shares of the technology company’s stock worth $41,000 after buying an additional 95 shares during the period. UniSuper Management Pty Ltd bought a new position in CyberArk Software in the 2nd quarter worth approximately $47,000. Ronald Blue Trust Inc. boosted its holdings in CyberArk Software by 250.4% in the 3rd quarter. Ronald Blue Trust Inc. now owns 466 shares of the technology company’s stock worth $73,000 after buying an additional 333 shares during the period. Finally, Covestor Ltd bought a new position in CyberArk Software in the 1st quarter worth approximately $73,000. 91.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

CYBR has been the subject of several analyst reports. Truist Financial raised their price objective on shares of CyberArk Software from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Rosenblatt Securities raised their price target on shares of CyberArk Software from $265.00 to $300.00 and gave the company a “buy” rating in a report on Friday, February 9th. Susquehanna raised their price target on shares of CyberArk Software from $255.00 to $310.00 and gave the company a “positive” rating in a report on Friday, February 9th. Wells Fargo & Company raised their price target on shares of CyberArk Software from $250.00 to $275.00 and gave the company an “overweight” rating in a report on Monday, January 29th. Finally, Mizuho raised their price target on shares of CyberArk Software from $250.00 to $310.00 and gave the company a “buy” rating in a report on Friday, February 9th. Two equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $258.54.

CyberArk Software Stock Down 1.4 %

Shares of NASDAQ:CYBR opened at $233.71 on Friday. The stock has a market cap of $9.88 billion, a PE ratio of -144.27 and a beta of 1.05. The company’s fifty day moving average is $258.35 and its 200 day moving average is $220.63. CyberArk Software Ltd. has a 52 week low of $120.11 and a 52 week high of $283.00.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Thursday, February 8th. The technology company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.53. The company had revenue of $223.10 million for the quarter, compared to analysts’ expectations of $209.65 million. CyberArk Software had a negative net margin of 8.84% and a negative return on equity of 8.23%. Sell-side analysts anticipate that CyberArk Software Ltd. will post -1.46 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.