Cyberark Software Ltd (NASDAQ:CYBR) Shares Acquired by Manning & Napier Group LLC

Manning & Napier Group LLC lifted its stake in shares of Cyberark Software Ltd (NASDAQ:CYBR) by 20.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 87,031 shares of the technology company’s stock after acquiring an additional 14,656 shares during the period. Manning & Napier Group LLC owned 0.23% of Cyberark Software worth $8,687,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of CYBR. Morgan Stanley boosted its stake in shares of Cyberark Software by 486.5% during the second quarter. Morgan Stanley now owns 2,050,413 shares of the technology company’s stock valued at $262,126,000 after acquiring an additional 1,700,819 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Cyberark Software by 684.4% during the second quarter. Invesco Ltd. now owns 1,099,810 shares of the technology company’s stock valued at $140,599,000 after acquiring an additional 959,601 shares during the last quarter. BlackRock Inc. lifted its position in Cyberark Software by 87.6% during the second quarter. BlackRock Inc. now owns 1,295,355 shares of the technology company’s stock worth $165,599,000 after buying an additional 604,804 shares during the period. JPMorgan Chase & Co. lifted its position in Cyberark Software by 428.4% during the second quarter. JPMorgan Chase & Co. now owns 658,045 shares of the technology company’s stock worth $83,597,000 after buying an additional 533,513 shares during the period. Finally, APG Asset Management N.V. lifted its position in Cyberark Software by 222.3% during the second quarter. APG Asset Management N.V. now owns 736,800 shares of the technology company’s stock worth $82,712,000 after buying an additional 508,200 shares during the period. 74.65% of the stock is currently owned by institutional investors and hedge funds.

Cyberark Software stock opened at $103.82 on Friday. The stock’s 50-day moving average is $107.05 and its 200-day moving average is $122.18. The company has a market cap of $3.90 billion, a price-to-earnings ratio of 72.60, a price-to-earnings-growth ratio of 4.98 and a beta of 1.62. Cyberark Software Ltd has a 12 month low of $64.66 and a 12 month high of $148.74.

Cyberark Software (NASDAQ:CYBR) last released its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.34. The company had revenue of $100.18 million for the quarter, compared to the consensus estimate of $97.35 million. Cyberark Software had a return on equity of 13.47% and a net margin of 15.23%. The company’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same period last year, the business posted $0.36 EPS. Analysts expect that Cyberark Software Ltd will post 1.29 EPS for the current fiscal year.

Several equities analysts recently weighed in on CYBR shares. JPMorgan Chase & Co. set a $160.00 target price on Cyberark Software and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Mizuho set a $145.00 target price on Cyberark Software and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Barclays reduced their target price on Cyberark Software from $140.00 to $119.00 and set an “equal weight” rating on the stock in a research report on Monday. Morgan Stanley increased their target price on Cyberark Software from $146.00 to $149.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Finally, BidaskClub upgraded Cyberark Software from a “strong sell” rating to a “sell” rating in a research report on Friday, September 20th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seventeen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $126.10.

Cyberark Software Company Profile

CyberArk Software Ltd., together with its subsidiaries, provides software-based security solutions and services for organizations to safeguard and monitor their privileged accounts. The company's solutions include Core Privileged Access Security for risk-based credential security and session management with add-on options for least privilege server and domain controller protection; Application Access Manager for secrets management for applications, tools, containers, and DevOps; and Endpoint Privilege Manager for least privilege and credential theft protection for workstations.

Further Reading: Blue-Chip Stocks

Institutional Ownership by Quarter for Cyberark Software (NASDAQ:CYBR)

Receive News & Ratings for Cyberark Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cyberark Software and related companies with MarketBeat.com's FREE daily email newsletter.