Kestra Private Wealth Services LLC bought a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 2,895 shares of the technology company's stock, valued at approximately $964,000.
A number of other institutional investors have also added to or reduced their stakes in the business. Stephens Inc. AR raised its position in shares of CyberArk Software by 6.0% in the 4th quarter. Stephens Inc. AR now owns 2,545 shares of the technology company's stock worth $848,000 after acquiring an additional 145 shares in the last quarter. Wilmington Savings Fund Society FSB grew its stake in CyberArk Software by 321.3% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 2,077 shares of the technology company's stock valued at $692,000 after purchasing an additional 1,584 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in CyberArk Software by 2.3% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 78,069 shares of the technology company's stock worth $26,009,000 after purchasing an additional 1,743 shares in the last quarter. Y.D. More Investments Ltd lifted its position in shares of CyberArk Software by 7.6% during the fourth quarter. Y.D. More Investments Ltd now owns 6,936 shares of the technology company's stock valued at $2,311,000 after buying an additional 488 shares during the last quarter. Finally, Stratos Wealth Partners LTD. bought a new stake in shares of CyberArk Software in the 4th quarter valued at about $218,000. Hedge funds and other institutional investors own 91.84% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on CYBR shares. JMP Securities boosted their price objective on shares of CyberArk Software from $390.00 to $480.00 and gave the stock a "market outperform" rating in a research note on Friday. UBS Group upped their price target on CyberArk Software from $340.00 to $360.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. DA Davidson raised their price objective on CyberArk Software from $360.00 to $390.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. Morgan Stanley upped their target price on CyberArk Software from $316.00 to $390.00 and gave the company an "equal weight" rating in a research report on Friday. Finally, Scotiabank raised their price target on CyberArk Software from $340.00 to $400.00 and gave the stock a "sector outperform" rating in a report on Tuesday, January 21st. Two equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $401.67.
Check Out Our Latest Analysis on CYBR
CyberArk Software Stock Performance
Shares of CYBR traded down $1.00 during trading hours on Monday, hitting $413.31. The stock had a trading volume of 1,005,808 shares, compared to its average volume of 445,350. The firm has a market capitalization of $18.01 billion, a price-to-earnings ratio of 1,530.83 and a beta of 1.15. The firm has a 50-day moving average price of $349.78 and a 200 day moving average price of $309.64. CyberArk Software Ltd. has a fifty-two week low of $223.09 and a fifty-two week high of $419.49.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. As a group, analysts predict that CyberArk Software Ltd. will post -0.58 EPS for the current fiscal year.
CyberArk Software Company Profile
(
Free Report)
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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