Federated Hermes Inc. Buys 4,722 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Federated Hermes Inc. lifted its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 1.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 318,753 shares of the technology company’s stock after purchasing an additional 4,722 shares during the quarter. Federated Hermes Inc.’s holdings in CyberArk Software were worth $107,739,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bessemer Group Inc. grew its holdings in shares of CyberArk Software by 421.1% during the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company’s stock valued at $33,000 after purchasing an additional 80 shares during the last quarter. Golden State Wealth Management LLC grew its holdings in shares of CyberArk Software by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company’s stock valued at $26,000 after purchasing an additional 39 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of CyberArk Software by 17.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,868 shares of the technology company’s stock valued at $627,000 after purchasing an additional 280 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of CyberArk Software by 5.9% during the 1st quarter. Blue Trust Inc. now owns 1,099 shares of the technology company’s stock valued at $371,000 after purchasing an additional 61 shares during the last quarter. Finally, Yousif Capital Management LLC grew its holdings in shares of CyberArk Software by 9.1% during the 1st quarter. Yousif Capital Management LLC now owns 2,235 shares of the technology company’s stock valued at $755,000 after purchasing an additional 187 shares during the last quarter. 91.84% of the stock is owned by institutional investors.

CyberArk Software Stock Up 1.1%

CyberArk Software stock opened at $382.91 on Tuesday. The firm’s fifty day moving average is $387.37 and its 200 day moving average is $366.05. CyberArk Software Ltd. has a 12-month low of $230.00 and a 12-month high of $421.00. The company has a market capitalization of $18.93 billion, a PE ratio of -205.87 and a beta of 1.00.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Tuesday, May 13th. The technology company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.19. CyberArk Software had a negative net margin of 7.97% and a positive return on equity of 0.71%. The firm had revenue of $317.60 million for the quarter, compared to the consensus estimate of $305.57 million. During the same quarter in the prior year, the company posted $0.75 earnings per share. The business’s revenue was up 43.3% on a year-over-year basis. Sell-side analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CYBR. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $420.00 price target on shares of CyberArk Software in a report on Tuesday, July 22nd. Rosenblatt Securities reissued a “buy” rating and set a $445.00 target price on shares of CyberArk Software in a report on Tuesday, May 13th. Truist Financial reduced their target price on shares of CyberArk Software from $450.00 to $425.00 and set a “buy” rating on the stock in a report on Monday, March 31st. Royal Bank Of Canada reissued an “outperform” rating and set a $420.00 target price on shares of CyberArk Software in a report on Tuesday, May 13th. Finally, KeyCorp reduced their target price on shares of CyberArk Software from $485.00 to $425.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Two analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $418.75.

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.