Janney Montgomery Scott LLC boosted its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR – Free Report) by 18.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,202 shares of the technology company’s stock after buying an additional 1,436 shares during the quarter. Janney Montgomery Scott LLC’s holdings in CyberArk Software were worth $2,444,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Fulton Bank N.A. lifted its holdings in shares of CyberArk Software by 13.4% in the fourth quarter. Fulton Bank N.A. now owns 2,188 shares of the technology company’s stock valued at $479,000 after purchasing an additional 259 shares in the last quarter. Diversified Trust Co lifted its holdings in shares of CyberArk Software by 116.6% in the fourth quarter. Diversified Trust Co now owns 3,441 shares of the technology company’s stock valued at $754,000 after purchasing an additional 1,852 shares in the last quarter. Jackson Square Capital LLC purchased a new stake in shares of CyberArk Software in the fourth quarter valued at about $3,415,000. Dfpg Investments LLC lifted its holdings in shares of CyberArk Software by 14.0% in the fourth quarter. Dfpg Investments LLC now owns 1,555 shares of the technology company’s stock valued at $333,000 after purchasing an additional 191 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of CyberArk Software by 9.6% in the fourth quarter. Nordea Investment Management AB now owns 2,841 shares of the technology company’s stock valued at $624,000 after purchasing an additional 250 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several analysts have issued reports on CYBR shares. Guggenheim reaffirmed a “buy” rating and issued a $300.00 price target on shares of CyberArk Software in a report on Tuesday, June 25th. Rosenblatt Securities restated a “buy” rating and set a $310.00 target price on shares of CyberArk Software in a research report on Wednesday, May 1st. Wedbush restated an “outperform” rating and set a $285.00 target price on shares of CyberArk Software in a research report on Friday, May 3rd. Canaccord Genuity Group decreased their target price on shares of CyberArk Software from $300.00 to $280.00 and set a “buy” rating on the stock in a research report on Tuesday, June 4th. Finally, Needham & Company LLC restated a “buy” rating and set a $310.00 target price on shares of CyberArk Software in a research report on Monday, May 20th. Two analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $280.63.
Check Out Our Latest Stock Analysis on CYBR
CyberArk Software Trading Up 0.3 %
Shares of CYBR stock opened at $269.91 on Friday. The company’s fifty day simple moving average is $250.38 and its 200-day simple moving average is $247.43. CyberArk Software Ltd. has a 52 week low of $142.92 and a 52 week high of $283.00. The company has a market cap of $11.41 billion, a PE ratio of -421.73 and a beta of 1.14.
CyberArk Software (NASDAQ:CYBR – Get Free Report) last released its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.51) by $0.67. CyberArk Software had a negative net margin of 3.20% and a negative return on equity of 2.51%. The firm had revenue of $221.55 million for the quarter, compared to the consensus estimate of $213.42 million. Equities research analysts expect that CyberArk Software Ltd. will post -1.24 EPS for the current fiscal year.
CyberArk Software 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.
Further Reading
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