CyberArk Software Ltd. (NASDAQ:CYBR) Shares Purchased by Congress Asset Management Co.

Congress Asset Management Co. raised its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 17.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 82,329 shares of the technology company's stock after acquiring an additional 12,072 shares during the quarter. Congress Asset Management Co. owned approximately 0.19% of CyberArk Software worth $27,428,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in CYBR. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in CyberArk Software during the 4th quarter worth $25,000. Assetmark Inc. grew its holdings in shares of CyberArk Software by 1,025.0% during the third quarter. Assetmark Inc. now owns 135 shares of the technology company's stock worth $39,000 after purchasing an additional 123 shares during the last quarter. Brown Lisle Cummings Inc. acquired a new stake in shares of CyberArk Software during the fourth quarter worth about $50,000. Transcendent Capital Group LLC acquired a new stake in shares of CyberArk Software during the third quarter worth about $51,000. Finally, Kieckhefer Group LLC purchased a new stake in shares of CyberArk Software in the 4th quarter valued at about $67,000. Hedge funds and other institutional investors own 91.84% of the company's stock.

CyberArk Software Stock Down 2.0 %

Shares of NASDAQ CYBR traded down $8.20 during midday trading on Thursday, hitting $400.97. The company had a trading volume of 759,984 shares, compared to its average volume of 579,202. The firm has a market capitalization of $17.47 billion, a price-to-earnings ratio of -205.63 and a beta of 1.15. CyberArk Software Ltd. has a twelve month low of $223.09 and a twelve month high of $421.00. The business has a 50-day simple moving average of $353.44 and a two-hundred day simple moving average of $311.47.

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

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Wells Fargo & Company lifted their price target on CyberArk Software from $425.00 to $500.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. StockNews.com lowered shares of CyberArk Software from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Mizuho upped their price target on shares of CyberArk Software from $345.00 to $365.00 and gave the company an "outperform" rating in a research report on Friday, December 13th. DA Davidson raised their price objective on shares of CyberArk Software from $360.00 to $390.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. Finally, Robert W. Baird lifted their price objective on shares of CyberArk Software from $355.00 to $370.00 and gave the company an "outperform" rating in a research note on Tuesday, December 17th. Two analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $401.67.

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.