Natixis Advisors L.P. Acquires 4,953 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Natixis Advisors L.P. lifted its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 7.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,750 shares of the technology company’s stock after purchasing an additional 4,953 shares during the quarter. Natixis Advisors L.P. owned 0.18% of CyberArk Software worth $16,373,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. TimesSquare Capital Management LLC increased its stake in shares of CyberArk Software by 2.1% in the 3rd quarter. TimesSquare Capital Management LLC now owns 553,969 shares of the technology company’s stock valued at $90,724,000 after purchasing an additional 11,387 shares during the last quarter. Dorsey & Whitney Trust CO LLC bought a new position in CyberArk Software in the third quarter valued at about $217,000. M&T Bank Corp raised its stake in CyberArk Software by 9.2% during the third quarter. M&T Bank Corp now owns 2,723 shares of the technology company’s stock worth $446,000 after acquiring an additional 230 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of CyberArk Software by 226.3% in the third quarter. Acadian Asset Management LLC now owns 295,893 shares of the technology company’s stock worth $48,434,000 after acquiring an additional 205,224 shares during the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of CyberArk Software by 9.6% in the 4th quarter. Nordea Investment Management AB now owns 2,841 shares of the technology company’s stock valued at $624,000 after purchasing an additional 250 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CYBR shares. KeyCorp increased their price objective on shares of CyberArk Software from $274.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, February 9th. Bank of America reiterated a “buy” rating and issued a $315.00 price target on shares of CyberArk Software in a research note on Wednesday, April 24th. Wells Fargo & Company boosted their price target on CyberArk Software from $250.00 to $275.00 and gave the company an “overweight” rating in a research note on Monday, January 29th. BTIG Research assumed coverage on shares of CyberArk Software in a research note on Thursday, March 28th. They issued a “buy” rating and a $317.00 price objective for the company. Finally, Morgan Stanley lowered shares of CyberArk Software from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $195.00 to $240.00 in a research note on Tuesday, January 9th. Two investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $265.63.

CyberArk Software Stock Performance

Shares of CYBR stock opened at $235.64 on Tuesday. CyberArk Software Ltd. has a 52-week low of $133.84 and a 52-week high of $283.00. The company has a 50-day simple moving average of $253.97 and a two-hundred day simple moving average of $227.15. The company has a market capitalization of $9.96 billion, a price-to-earnings ratio of -368.19 and a beta of 1.06.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Thursday, February 8th. The technology company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.53. CyberArk Software had a negative return on equity of 2.51% and a negative net margin of 3.20%. The company had revenue of $223.10 million during the quarter, compared to the consensus estimate of $209.65 million. On average, sell-side analysts forecast that CyberArk Software Ltd. will post -1.46 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.