Nuveen Asset Management LLC Increases Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Nuveen Asset Management LLC increased its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 6.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 123,051 shares of the technology company’s stock after acquiring an additional 7,325 shares during the period. Nuveen Asset Management LLC’s holdings in CyberArk Software were worth $40,994,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. purchased a new position in CyberArk Software during the fourth quarter valued at $1,166,000. Spire Wealth Management increased its position in shares of CyberArk Software by 236.8% during the fourth quarter. Spire Wealth Management now owns 4,756 shares of the technology company’s stock valued at $1,584,000 after acquiring an additional 3,344 shares in the last quarter. Geneos Wealth Management Inc. grew its position in CyberArk Software by 9.7% in the 4th quarter. Geneos Wealth Management Inc. now owns 11,576 shares of the technology company’s stock worth $3,857,000 after purchasing an additional 1,024 shares during the period. Van ECK Associates Corp grew its position in CyberArk Software by 6.1% in the 4th quarter. Van ECK Associates Corp now owns 17,870 shares of the technology company’s stock worth $5,953,000 after purchasing an additional 1,035 shares during the period. Finally, Alta Wealth Advisors LLC bought a new stake in CyberArk Software in the 4th quarter worth approximately $507,000. 91.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Barclays reissued an “overweight” rating on shares of CyberArk Software in a research report on Tuesday, May 13th. Roth Capital began coverage on shares of CyberArk Software in a research note on Tuesday, May 13th. They issued a “buy” rating and a $415.00 price target on the stock. Scotiabank boosted their price target on shares of CyberArk Software from $340.00 to $400.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, January 21st. Needham & Company LLC restated a “buy” rating and set a $480.00 target price on shares of CyberArk Software in a research report on Thursday, March 20th. Finally, Wells Fargo & Company upped their target price on shares of CyberArk Software from $425.00 to $500.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Two research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $415.71.

CyberArk Software Trading Up 1.7%

Shares of CyberArk Software stock opened at $355.26 on Wednesday. The company has a 50-day moving average of $344.03 and a two-hundred day moving average of $341.96. The stock has a market cap of $17.56 billion, a PE ratio of -182.18 and a beta of 0.99. CyberArk Software Ltd. has a 12-month low of $223.41 and a 12-month high of $421.00.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Tuesday, May 13th. The technology company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.19. The business had revenue of $317.60 million for the quarter, compared to analyst estimates of $305.57 million. CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. The business’s revenue for the quarter was up 43.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.75 earnings per share. On average, sell-side analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal 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.