Diversify Wealth Management LLC Grows Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Diversify Wealth Management LLC raised its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 44.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,218 shares of the technology company's stock after purchasing an additional 988 shares during the period. Diversify Wealth Management LLC's holdings in CyberArk Software were worth $1,106,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its holdings in shares of CyberArk Software by 506.7% in the second quarter. Dimensional Fund Advisors LP now owns 6,565 shares of the technology company's stock valued at $1,795,000 after purchasing an additional 5,483 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of CyberArk Software by 16.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,868 shares of the technology company's stock valued at $783,000 after acquiring an additional 399 shares during the last quarter. Sei Investments Co. raised its stake in CyberArk Software by 6.1% during the second quarter. Sei Investments Co. now owns 105,583 shares of the technology company's stock worth $28,868,000 after purchasing an additional 6,113 shares during the period. Ensign Peak Advisors Inc acquired a new position in CyberArk Software in the second quarter valued at approximately $711,000. Finally, Hood River Capital Management LLC raised its position in CyberArk Software by 59.2% in the second quarter. Hood River Capital Management LLC now owns 223,584 shares of the technology company's stock valued at $61,132,000 after purchasing an additional 83,172 shares during the period. Institutional investors and hedge funds own 91.84% of the company's stock.

Analysts Set New Price Targets

CYBR has been the subject of a number of research analyst reports. Jefferies Financial Group raised their price objective on CyberArk Software from $315.00 to $330.00 and gave the stock a "buy" rating in a research report on Tuesday, September 24th. Scotiabank lifted their price target on shares of CyberArk Software from $340.00 to $400.00 and gave the company a "sector outperform" rating in a research report on Tuesday. Mizuho raised their price target on CyberArk Software from $345.00 to $365.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. BTIG Research boosted their price objective on CyberArk Software from $310.00 to $325.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. raised their target price on CyberArk Software from $355.00 to $375.00 and gave the company an "overweight" rating in a report on Monday, December 16th. One analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $358.74.

CyberArk Software Trading Up 1.0 %

Shares of NASDAQ CYBR traded up $3.36 during mid-day trading on Tuesday, reaching $355.58. The company had a trading volume of 501,594 shares, compared to its average volume of 506,933. The firm has a 50 day simple moving average of $325.25 and a two-hundred day simple moving average of $293.63. CyberArk Software Ltd. has a 52-week low of $223.09 and a 52-week high of $363.00. The stock has a market cap of $15.49 billion, a P/E ratio of 1,317.01 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its earnings results on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.48. The business had revenue of $240.10 million for the quarter, compared to analysts' expectations of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The business's revenue was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.31) earnings per share. On average, equities analysts expect that CyberArk Software Ltd. will post -0.58 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.