Evoke Wealth LLC Takes Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Evoke Wealth LLC purchased a new stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 774 shares of the technology company's stock, valued at approximately $258,000.

Other institutional investors also recently modified their holdings of the company. Advisors Asset Management Inc. grew its stake in CyberArk Software by 6.1% in the 4th quarter. Advisors Asset Management Inc. now owns 12,205 shares of the technology company's stock valued at $4,066,000 after buying an additional 699 shares in the last quarter. Tocqueville Asset Management L.P. boosted its holdings in shares of CyberArk Software by 7.3% in the fourth quarter. Tocqueville Asset Management L.P. now owns 22,520 shares of the technology company's stock worth $7,503,000 after acquiring an additional 1,540 shares during the period. Signaturefd LLC grew its position in shares of CyberArk Software by 6.1% in the fourth quarter. Signaturefd LLC now owns 1,279 shares of the technology company's stock valued at $426,000 after purchasing an additional 73 shares in the last quarter. Glenview Trust co bought a new stake in shares of CyberArk Software during the 4th quarter valued at $226,000. Finally, Corient Private Wealth LLC lifted its holdings in CyberArk Software by 16.9% during the 4th quarter. Corient Private Wealth LLC now owns 7,194 shares of the technology company's stock worth $2,397,000 after purchasing an additional 1,039 shares in the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on CYBR shares. Barclays lifted 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. Rosenblatt Securities reiterated a "buy" rating and issued a $445.00 target price on shares of CyberArk Software in a research note on Wednesday, February 26th. Stifel Nicolaus raised their price target on shares of CyberArk Software from $370.00 to $444.00 and gave the company a "buy" rating in a report on Friday, February 14th. Robert W. Baird upped their price target on shares of CyberArk Software from $455.00 to $465.00 and gave the stock an "outperform" rating in a report on Tuesday, February 25th. Finally, Scotiabank lifted their price objective on CyberArk Software from $340.00 to $400.00 and gave the company a "sector outperform" rating in a research note on Tuesday, January 21st. Two investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $418.15.

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CyberArk Software Price Performance

CYBR traded down $0.76 during midday trading on Monday, reaching $351.00. 643,112 shares of the company's stock traded hands, compared to its average volume of 495,135. The stock has a market capitalization of $17.35 billion, a price-to-earnings ratio of -180.00 and a beta of 1.06. CyberArk Software Ltd. has a 52 week low of $223.41 and a 52 week high of $421.00. The firm has a fifty day moving average of $364.16 and a two-hundred day moving average of $323.75.

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 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%. Sell-side 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.