Federated Hermes Inc. Increases Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Federated Hermes Inc. boosted its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 21.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 65,984 shares of the technology company’s stock after acquiring an additional 11,583 shares during the quarter. Federated Hermes Inc. owned 0.16% of CyberArk Software worth $14,454,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CYBR. Jennison Associates LLC raised its position in CyberArk Software by 226.5% during the third quarter. Jennison Associates LLC now owns 581,003 shares of the technology company’s stock valued at $95,151,000 after acquiring an additional 403,076 shares in the last quarter. Acadian Asset Management LLC raised its position in CyberArk Software by 226.3% during the third quarter. Acadian Asset Management LLC now owns 295,893 shares of the technology company’s stock valued at $48,434,000 after acquiring an additional 205,224 shares in the last quarter. Polar Capital Holdings Plc raised its position in CyberArk Software by 15.4% during the third quarter. Polar Capital Holdings Plc now owns 594,809 shares of the technology company’s stock valued at $97,412,000 after acquiring an additional 79,506 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in CyberArk Software by 36.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 270,313 shares of the technology company’s stock valued at $44,269,000 after acquiring an additional 72,883 shares in the last quarter. Finally, Lisanti Capital Growth LLC raised its position in CyberArk Software by 539.5% during the third quarter. Lisanti Capital Growth LLC now owns 60,725 shares of the technology company’s stock valued at $9,945,000 after acquiring an additional 51,230 shares in the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

CyberArk Software Price Performance

Shares of NASDAQ:CYBR opened at $234.66 on Tuesday. The company has a market cap of $9.92 billion, a price-to-earnings ratio of -144.85 and a beta of 1.05. The firm has a 50 day simple moving average of $257.63 and a 200 day simple moving average of $222.06. CyberArk Software Ltd. has a one year low of $120.11 and a one year high of $283.00.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results on Thursday, February 8th. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.53. The firm had revenue of $223.10 million during the quarter, compared to the consensus estimate of $209.65 million. CyberArk Software had a negative net margin of 8.84% and a negative return on equity of 8.23%. As a group, analysts expect that CyberArk Software Ltd. will post -1.46 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CYBR. Truist Financial boosted their price objective on CyberArk Software from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Bank of America upped their price target on CyberArk Software from $300.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Wells Fargo & Company boosted their price objective on CyberArk Software from $250.00 to $275.00 and gave the company an “overweight” rating in a report on Monday, January 29th. Susquehanna boosted their price objective on CyberArk Software from $255.00 to $310.00 and gave the company a “positive” rating in a report on Friday, February 9th. Finally, UBS Group upped their price target on CyberArk Software from $215.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. Two equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $258.54.

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.