São Paulo-based Absolute Gestao purchased 190,897 shares of CyberArk Software in the third quarter, valued at $92.23 million, making it their largest holding at 12% of total assets.

Absolute Gestao de Investimentos initiated the position, as revealed in an SEC filing on November 13, with CyberArk Software representing nearly 12% of their $769.14 million in U.S. equity assets.

CyberArk shares are now priced at $454.65, a 41% increase over the past year, outperforming the S&P 500. The company specializes in privileged access management, endpoint privilege security, and identity and access management solutions.

Read more at Yahoo Finance: Why This Fund Made CyberArk a 12% Portfolio Position Amid a Booming Stock Rally