CyberArk Software Ltd. (NASDAQ:CYBR) is Nepsis Inc.’s Largest Position

Nepsis Inc. increased its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 882.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 562,327 shares of the technology company’s stock after acquiring an additional 505,088 shares during the period. CyberArk Software makes up about 26.9% of Nepsis Inc.’s portfolio, making the stock its biggest holding. Nepsis Inc.’s holdings in CyberArk Software were worth $187,339,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new stake in CyberArk Software during the 3rd quarter worth about $82,485,000. Clearbridge Investments LLC raised its stake in shares of CyberArk Software by 250.0% during the 2nd quarter. Clearbridge Investments LLC now owns 224,381 shares of the technology company’s stock valued at $61,350,000 after buying an additional 160,269 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of CyberArk Software by 97.5% during the 4th quarter. SG Americas Securities LLC now owns 167,759 shares of the technology company’s stock valued at $55,889,000 after buying an additional 82,812 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of CyberArk Software by 45.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 171,893 shares of the technology company’s stock valued at $50,126,000 after buying an additional 53,502 shares during the last quarter. Finally, Mizuho Markets Americas LLC purchased a new position in shares of CyberArk Software during the 3rd quarter valued at about $13,997,000. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Analyst Ratings Changes

CYBR has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price objective on CyberArk Software from $350.00 to $410.00 and gave the company an “overweight” rating in a research note on Thursday, January 2nd. Mizuho lifted their price target on CyberArk Software from $345.00 to $365.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Cantor Fitzgerald restated an “overweight” rating and issued a $335.00 price target on shares of CyberArk Software in a research note on Thursday, November 14th. UBS Group lifted their price target on CyberArk Software from $340.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, DA Davidson lifted their price target on CyberArk Software from $360.00 to $390.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $358.74.

CyberArk Software Price Performance

Shares of CyberArk Software stock opened at $359.72 on Friday. The stock has a market cap of $15.67 billion, a P/E ratio of 1,332.35 and a beta of 1.13. The stock’s 50 day simple moving average is $329.93 and its 200-day simple moving average is $295.70. CyberArk Software Ltd. has a 1-year low of $223.09 and a 1-year high of $366.48.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.48. The business had revenue of $240.10 million for the quarter, compared to analysts’ expectations of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The business’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.31) EPS. As a group, research analysts expect that CyberArk Software Ltd. will post -0.58 EPS for the current fiscal year.

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.