Mercer Global Advisors Inc. ADV Buys 2,122 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Mercer Global Advisors Inc. ADV boosted its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 221.3% in the 4th quarter, Holdings Channel reports. The firm owned 3,081 shares of the technology company’s stock after acquiring an additional 2,122 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in CyberArk Software were worth $1,027,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of CyberArk Software in the fourth quarter worth about $25,000. TD Private Client Wealth LLC increased its holdings in CyberArk Software by 79.1% during the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock worth $26,000 after acquiring an additional 34 shares during the period. Plato Investment Management Ltd purchased a new stake in CyberArk Software in the 4th quarter worth approximately $39,000. Graney & King LLC bought a new position in CyberArk Software in the 4th quarter valued at $43,000. Finally, Montag A & Associates Inc. grew its position in shares of CyberArk Software by 47.2% during the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock valued at $44,000 after purchasing an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Trading Down 1.5 %

Shares of NASDAQ CYBR opened at $359.04 on Friday. The firm has a fifty day simple moving average of $340.85 and a two-hundred day simple moving average of $338.10. The firm has a market capitalization of $17.75 billion, a PE ratio of -184.12 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 issued its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) 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%. On average, sell-side analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Guggenheim reiterated a “buy” rating and issued a $455.00 price objective on shares of CyberArk Software in a research report on Tuesday, February 25th. Stifel Nicolaus lifted their price target on CyberArk Software from $370.00 to $444.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Truist Financial decreased their price objective on shares of CyberArk Software from $450.00 to $425.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Royal Bank of Canada reiterated an “outperform” rating and set a $420.00 target price on shares of CyberArk Software in a research report on Friday, April 11th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $445.00 price target on shares of CyberArk Software in a report on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus 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.