Commonwealth Equity Services LLC Acquires 2,634 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Commonwealth Equity Services LLC increased its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 14.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,471 shares of the technology company's stock after acquiring an additional 2,634 shares during the quarter. Commonwealth Equity Services LLC's holdings in CyberArk Software were worth $7,153,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in CyberArk Software during the 4th quarter worth about $25,000. Plato Investment Management Ltd acquired a new stake in shares of CyberArk Software during the fourth quarter valued at approximately $39,000. Montag A & Associates Inc. lifted its position in shares of CyberArk Software by 47.2% in the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock valued at $44,000 after acquiring an additional 42 shares in the last quarter. Brown Lisle Cummings Inc. acquired a new position in CyberArk Software in the 4th quarter worth approximately $50,000. Finally, Steward Partners Investment Advisory LLC boosted its stake in CyberArk Software by 54.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 198 shares of the technology company's stock worth $66,000 after purchasing an additional 70 shares during the period. 91.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CYBR has been the subject of a number of research analyst reports. Mizuho increased their target price on CyberArk Software from $345.00 to $365.00 and gave the company an "outperform" rating in a report on Friday, December 13th. Stifel Nicolaus increased their price objective on CyberArk Software from $370.00 to $444.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Wells Fargo & Company raised their price objective on CyberArk Software from $425.00 to $500.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Barclays upped their target price on CyberArk Software from $375.00 to $450.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Finally, Guggenheim restated a "buy" rating and set a $455.00 price target on shares of CyberArk Software in a report on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $418.15.

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CyberArk Software Stock Down 0.2 %

Shares of NASDAQ:CYBR traded down $0.76 during trading on Monday, reaching $351.00. The stock had a trading volume of 643,104 shares, compared to its average volume of 495,135. The stock has a fifty day simple moving average of $364.16 and a two-hundred day simple moving average of $323.75. CyberArk Software Ltd. has a 52 week low of $223.41 and a 52 week high of $421.00. The firm has a market capitalization of $17.35 billion, a price-to-earnings ratio of -180.00 and a beta of 1.06.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its earnings results on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. On average, analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current 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.