CIBC Private Wealth Group LLC Has $38.59 Million Position in CyberArk Software Ltd. (NASDAQ:CYBR)

CIBC Private Wealth Group LLC decreased its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 2.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 111,998 shares of the technology company's stock after selling 2,664 shares during the quarter. CIBC Private Wealth Group LLC owned approximately 0.26% of CyberArk Software worth $38,589,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of CyberArk Software during the 4th quarter worth about $25,000. TD Private Client Wealth LLC boosted its position in CyberArk Software by 79.1% during the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock valued at $26,000 after purchasing an additional 34 shares during the last quarter. Plato Investment Management Ltd bought a new position in CyberArk Software in the fourth quarter valued at approximately $39,000. Graney & King LLC acquired a new position in shares of CyberArk Software during the 4th quarter worth approximately $43,000. Finally, Montag A & Associates Inc. raised its stake in shares of CyberArk Software by 47.2% during the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock worth $44,000 after purchasing an additional 42 shares in the last quarter. Institutional investors own 91.84% of the company's stock.

CyberArk Software Price Performance

NASDAQ CYBR traded down $21.50 on Friday, reaching $306.46. The company had a trading volume of 914,137 shares, compared to its average volume of 512,839. The firm has a market cap of $15.15 billion, a price-to-earnings ratio of -157.16 and a beta of 1.06. CyberArk Software Ltd. has a fifty-two week low of $223.41 and a fifty-two week high of $421.00. The business has a 50 day moving average of $361.79 and a two-hundred day moving average of $328.02.

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CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share for the quarter, missing the consensus estimate 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%. As a group, research analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CYBR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of CyberArk Software from $375.00 to $431.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. DA Davidson restated a "buy" rating and set a $475.00 price objective on shares of CyberArk Software in a research note on Tuesday, February 25th. Scotiabank raised their target price on shares of CyberArk Software from $340.00 to $400.00 and gave the company a "sector outperform" rating in a research note on Tuesday, January 21st. Rosenblatt Securities reiterated a "buy" rating and set a $445.00 price target on shares of CyberArk Software in a report on Wednesday, February 26th. Finally, StockNews.com cut CyberArk Software from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Two research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, CyberArk Software currently has a consensus rating of "Moderate Buy" and a consensus price target of $418.04.

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.