Integrated Wealth Concepts LLC Has $2.77 Million Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Integrated Wealth Concepts LLC lifted its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 428.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,327 shares of the technology company's stock after buying an additional 6,750 shares during the period. Integrated Wealth Concepts LLC's holdings in CyberArk Software were worth $2,774,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CYBR. CHURCHILL MANAGEMENT Corp bought a new stake in shares of CyberArk Software in the 4th quarter worth approximately $764,000. China Universal Asset Management Co. Ltd. bought a new position in CyberArk Software in the fourth quarter worth $1,166,000. Spire Wealth Management boosted its stake in CyberArk Software by 236.8% during the fourth quarter. Spire Wealth Management now owns 4,756 shares of the technology company's stock worth $1,584,000 after buying an additional 3,344 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in CyberArk Software by 9.7% in the 4th quarter. Geneos Wealth Management Inc. now owns 11,576 shares of the technology company's stock valued at $3,857,000 after buying an additional 1,024 shares during the period. Finally, Silverleafe Capital Partners LLC acquired a new position in shares of CyberArk Software in the 4th quarter valued at $799,000. 91.84% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Price Performance

CYBR opened at $349.29 on Friday. CyberArk Software Ltd. has a fifty-two week low of $223.41 and a fifty-two week high of $421.00. The company has a market cap of $17.26 billion, a price-to-earnings ratio of -179.12 and a beta of 1.00. The firm has a 50 day simple moving average of $343.93 and a 200 day simple moving average of $334.16.

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 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%. As a group, analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CYBR. Canaccord Genuity Group lifted their target price on shares of CyberArk Software from $330.00 to $440.00 and gave the company a "buy" rating in a research report on Friday, February 14th. KeyCorp decreased their price objective on CyberArk Software from $485.00 to $425.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Citigroup increased their target price on CyberArk Software from $410.00 to $450.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. Oppenheimer boosted their price target on CyberArk Software from $360.00 to $420.00 and gave the company an "outperform" rating in a research note on Wednesday, February 5th. Finally, Stifel Nicolaus increased their price objective on CyberArk Software from $370.00 to $444.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $415.18.

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.

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