CyberArk Software Ltd. (NASDAQ:CYBR) Stake Boosted by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lifted its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 17.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,209 shares of the technology company's stock after acquiring an additional 1,075 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in CyberArk Software were worth $2,402,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Coldstream Capital Management Inc. increased its holdings in shares of CyberArk Software by 3.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company's stock worth $359,000 after acquiring an additional 42 shares during the period. Greenleaf Trust grew its position in CyberArk Software by 2.5% in the 3rd quarter. Greenleaf Trust now owns 1,829 shares of the technology company's stock worth $533,000 after purchasing an additional 45 shares during the last quarter. Signaturefd LLC increased its stake in shares of CyberArk Software by 4.2% in the third quarter. Signaturefd LLC now owns 1,206 shares of the technology company's stock valued at $352,000 after purchasing an additional 49 shares during the period. Austin Private Wealth LLC raised its holdings in shares of CyberArk Software by 6.8% during the third quarter. Austin Private Wealth LLC now owns 815 shares of the technology company's stock valued at $238,000 after buying an additional 52 shares during the last quarter. Finally, Juncture Wealth Strategies LLC boosted its position in shares of CyberArk Software by 2.1% during the third quarter. Juncture Wealth Strategies LLC now owns 2,830 shares of the technology company's stock worth $825,000 after buying an additional 57 shares during the period. 91.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Citigroup raised their target price on CyberArk Software from $355.00 to $410.00 and gave the company a "buy" rating in a research report on Friday. Needham & Company LLC raised their price target on CyberArk Software from $360.00 to $410.00 and gave the company a "buy" rating in a report on Thursday, January 9th. BTIG Research upped their price objective on shares of CyberArk Software from $310.00 to $325.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. Stifel Nicolaus raised their target price on shares of CyberArk Software from $335.00 to $370.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Finally, Royal Bank of Canada upped their price target on shares of CyberArk Software from $358.00 to $385.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $353.93.

CyberArk Software Price Performance

NASDAQ CYBR traded down $3.29 on Friday, hitting $352.22. 534,277 shares of the stock were exchanged, compared to its average volume of 364,359. The company's 50-day moving average price is $324.09 and its two-hundred day moving average price is $292.91. CyberArk Software Ltd. has a 52-week low of $223.09 and a 52-week high of $363.00. The company has a market capitalization of $15.35 billion, a price-to-earnings ratio of 1,304.57 and a beta of 1.13.

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

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.