Raymond James Financial Inc. Invests $18.11 Million in CyberArk Software Ltd. (NASDAQ:CYBR)

Raymond James Financial Inc. bought a new position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 54,349 shares of the technology company's stock, valued at approximately $18,106,000. Raymond James Financial Inc. owned about 0.12% of CyberArk Software at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CYBR. Nepsis Inc. lifted its stake in CyberArk Software by 882.4% in the fourth quarter. Nepsis Inc. now owns 562,327 shares of the technology company's stock worth $187,339,000 after purchasing an additional 505,088 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of CyberArk Software by 32.3% in the fourth quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company's stock worth $534,287,000 after buying an additional 391,900 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of CyberArk Software by 195.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 508,355 shares of the technology company's stock worth $170,614,000 after acquiring an additional 336,462 shares during the last quarter. Swedbank AB boosted its holdings in CyberArk Software by 19.0% during the 4th quarter. Swedbank AB now owns 545,100 shares of the technology company's stock valued at $181,600,000 after acquiring an additional 87,201 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd grew its position in CyberArk Software by 138.8% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 143,252 shares of the technology company's stock valued at $47,724,000 after acquiring an additional 83,252 shares during the last quarter. Institutional investors own 91.84% of the company's stock.

Remove Ads

CyberArk Software Price Performance

CYBR traded up $5.00 during trading on Friday, reaching $351.76. 439,609 shares of the company's stock were exchanged, compared to its average volume of 493,298. The company's fifty day simple moving average is $364.00 and its 200-day simple moving average is $322.67. The stock has a market capitalization of $17.39 billion, a P/E ratio of -180.39 and a beta of 1.06. CyberArk Software Ltd. has a 1 year low of $223.41 and a 1 year high of $421.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings data 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 negative net margin of 9.34% and a positive return on equity of 0.45%. Equities analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Analysts Set New Price Targets

CYBR has been the topic of a number of research analyst reports. Robert W. Baird upped their target price on shares of CyberArk Software from $455.00 to $465.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 25th. DA Davidson reiterated a "buy" rating and issued a $475.00 target price on shares of CyberArk Software in a report on Tuesday, February 25th. Citigroup increased their price target on CyberArk Software from $410.00 to $450.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. Oppenheimer lifted their price objective on CyberArk Software from $360.00 to $420.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Finally, Guggenheim reiterated a "buy" rating and set a $455.00 target price on shares of CyberArk Software in a report on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $418.15.

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.