Janney Montgomery Scott LLC lifted its holdings in CyberArk Software Ltd. (NASDAQ:CYBR – Free Report) by 63.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,766 shares of the technology company’s stock after acquiring an additional 3,014 shares during the quarter. Janney Montgomery Scott LLC’s holdings in CyberArk Software were worth $1,701,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. TimesSquare Capital Management LLC boosted its holdings 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 worth $90,724,000 after acquiring an additional 11,387 shares in the last quarter. Dorsey & Whitney Trust CO LLC bought a new position in CyberArk Software in the 3rd quarter worth approximately $217,000. M&T Bank Corp raised its position in CyberArk Software by 9.2% in the 3rd quarter. M&T Bank Corp now owns 2,723 shares of the technology company’s stock worth $446,000 after purchasing an additional 230 shares during the last quarter. Benjamin F. Edwards & Company Inc. bought a new position in CyberArk Software in the 4th quarter worth approximately $290,000. Finally, Acadian Asset Management LLC raised its position in CyberArk Software by 226.3% in the 3rd quarter. Acadian Asset Management LLC now owns 295,893 shares of the technology company’s stock worth $48,434,000 after purchasing an additional 205,224 shares during the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on CYBR shares. Wedbush restated an “outperform” rating and issued a $285.00 price objective on shares of CyberArk Software in a research report on Friday, May 3rd. Cantor Fitzgerald restated an “overweight” rating and issued a $300.00 price objective on shares of CyberArk Software in a research report on Friday, May 3rd. Rosenblatt Securities restated a “buy” rating and issued a $310.00 price objective on shares of CyberArk Software in a research report on Wednesday, May 1st. Susquehanna boosted their price objective on shares of CyberArk Software from $255.00 to $310.00 and gave the stock a “positive” rating in a research report on Friday, February 9th. Finally, Mizuho boosted their price objective on shares of CyberArk Software from $250.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Two equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $267.29.
Read Our Latest Analysis on CYBR
CyberArk Software Stock Up 0.7 %
CYBR opened at $241.53 on Monday. CyberArk Software Ltd. has a 12 month low of $142.92 and a 12 month high of $283.00. The company has a fifty day simple moving average of $248.12 and a 200 day simple moving average of $234.33. The stock has a market cap of $10.21 billion, a P/E ratio of -377.39 and a beta of 1.06.
CyberArk Software (NASDAQ:CYBR – Get Free Report) last released its quarterly earnings data on Thursday, May 2nd. The technology company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of ($0.51) by $0.67. The business had revenue of $221.55 million during the quarter, compared to analysts’ expectations of $213.42 million. CyberArk Software had a negative net margin of 3.20% and a negative return on equity of 2.51%. On average, equities research analysts expect that CyberArk Software Ltd. will post -1.24 earnings per share 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.
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