Sherman Asset Management Inc. Takes $282,000 Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Sherman Asset Management Inc. acquired a new stake in CyberArk Software Ltd. (NASDAQ:CYBR) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 847 shares of the technology company’s stock, valued at approximately $282,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Jennison Associates LLC grew its position in shares of CyberArk Software by 32.3% in the fourth quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company’s stock valued at $534,287,000 after purchasing an additional 391,900 shares during the period. Groupama Asset Managment grew its position in CyberArk Software by 0.5% during the third quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock valued at $304,000 after acquiring an additional 5,402 shares during the period. Nepsis Inc. grew its position in CyberArk Software by 882.4% during the fourth quarter. Nepsis Inc. now owns 562,327 shares of the technology company’s stock valued at $187,339,000 after acquiring an additional 505,088 shares during the period. TimesSquare Capital Management LLC grew its position in CyberArk Software by 4.6% during the fourth quarter. TimesSquare Capital Management LLC now owns 560,353 shares of the technology company’s stock valued at $186,682,000 after acquiring an additional 24,805 shares during the period. Finally, Swedbank AB grew its position in CyberArk Software by 19.0% during 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 period. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on CYBR. Susquehanna boosted their price target on CyberArk Software from $320.00 to $345.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. Rosenblatt Securities reissued a “buy” rating and set a $445.00 price target on shares of CyberArk Software in a research report on Wednesday. Scotiabank boosted their price target on CyberArk Software from $340.00 to $400.00 and gave the company a “sector outperform” rating in a research report on Tuesday, January 21st. DA Davidson reissued a “buy” rating and set a $475.00 price target on shares of CyberArk Software in a research report on Tuesday, February 25th. Finally, Royal Bank of Canada boosted their price target on CyberArk Software from $385.00 to $410.00 and gave the company an “outperform” rating in a research report on Tuesday, January 21st. Two analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $416.67.

CyberArk Software Stock Up 3.4 %

Shares of NASDAQ CYBR opened at $363.85 on Friday. The stock’s 50 day moving average price is $361.40 and its two-hundred day moving average price is $317.08. CyberArk Software Ltd. has a 52-week low of $223.41 and a 52-week high of $421.00. The stock has a market capitalization of $15.85 billion, a P/E ratio of -186.59 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. On average, analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current year.

About CyberArk Software

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.