Bamco Inc. NY Has $87.48 Million Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Bamco Inc. NY grew its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 16.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 262,597 shares of the technology company’s stock after acquiring an additional 37,154 shares during the period. Bamco Inc. NY owned 0.60% of CyberArk Software worth $87,484,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. TD Private Client Wealth LLC boosted its stake in shares of CyberArk Software by 79.1% during the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock valued at $26,000 after purchasing an additional 34 shares in the last quarter. CenterBook Partners LP raised its holdings in CyberArk Software by 2.4% in the 4th quarter. CenterBook Partners LP now owns 1,603 shares of the technology company’s stock valued at $534,000 after buying an additional 38 shares during the last quarter. Montag A & Associates Inc. boosted its position in CyberArk Software by 47.2% during the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock worth $44,000 after buying an additional 42 shares during the period. Venturi Wealth Management LLC grew its holdings in CyberArk Software by 6.9% during the 4th quarter. Venturi Wealth Management LLC now owns 805 shares of the technology company’s stock worth $268,000 after acquiring an additional 52 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its position in CyberArk Software by 1.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 3,827 shares of the technology company’s stock valued at $1,275,000 after acquiring an additional 53 shares during the period. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Performance

CYBR stock opened at $357.28 on Friday. The business has a 50-day simple moving average of $340.39 and a two-hundred day simple moving average of $336.17. The company has a market capitalization of $17.66 billion, a P/E ratio of -183.22 and a beta of 0.99. CyberArk Software Ltd. has a 52-week low of $223.41 and a 52-week high of $421.00.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results 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 positive return on equity of 0.45% and a negative net margin of 9.34%. As a group, sell-side analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $400.00 price target on shares of CyberArk Software in a report on Thursday, April 24th. Truist Financial reduced their price target on CyberArk Software from $450.00 to $425.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. StockNews.com downgraded CyberArk Software from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Canaccord Genuity Group upped their target price on CyberArk Software from $330.00 to $440.00 and gave the company a “buy” rating in a report on Friday, February 14th. Finally, Roth Capital started coverage on shares of CyberArk Software in a report on Wednesday, April 23rd. They set a “buy” rating and a $415.00 price target for the company. Two research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $415.18.

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.