GW&K Investment Management LLC Increases Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

GW&K Investment Management LLC raised its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 0.3% in the 4th quarter, Holdings Channel reports. The firm owned 451,687 shares of the technology company’s stock after purchasing an additional 1,135 shares during the quarter. CyberArk Software accounts for 1.3% of GW&K Investment Management LLC’s holdings, making the stock its 3rd biggest holding. GW&K Investment Management LLC’s holdings in CyberArk Software were worth $150,479,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Nepsis Inc. lifted its holdings in 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 in the last quarter. Jennison Associates LLC boosted its holdings 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. Allspring Global Investments Holdings LLC grew its stake in CyberArk Software by 195.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 508,355 shares of the technology company’s stock worth $170,614,000 after purchasing an additional 336,462 shares in the last quarter. Swedbank AB increased its holdings in CyberArk Software by 19.0% during the 4th quarter. Swedbank AB now owns 545,100 shares of the technology company’s stock worth $181,600,000 after purchasing an additional 87,201 shares during the period. Finally, SG Americas Securities LLC increased its holdings in CyberArk Software by 97.5% during the 4th quarter. SG Americas Securities LLC now owns 167,759 shares of the technology company’s stock worth $55,889,000 after purchasing an additional 82,812 shares during the period. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Price Performance

Shares of CYBR opened at $352.05 on Friday. The company’s fifty day moving average price is $360.50 and its 200-day moving average price is $316.12. CyberArk Software Ltd. has a 1-year low of $223.41 and a 1-year high of $421.00. The firm has a market capitalization of $15.34 billion, a PE ratio of -180.54 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share 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%. As a group, research analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on CYBR. StockNews.com downgraded CyberArk Software from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Barclays increased their target price on shares of CyberArk Software from $375.00 to $450.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Stifel Nicolaus boosted their price target on shares of CyberArk Software from $370.00 to $444.00 and gave the company a “buy” rating in a report on Friday, February 14th. Wells Fargo & Company increased their price objective on shares of CyberArk Software from $425.00 to $500.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Finally, Morgan Stanley boosted their price objective on shares of CyberArk Software from $316.00 to $390.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Two analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $416.67.

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.