54,349 Shares in CyberArk Software Ltd. (NASDAQ:CYBR) Bought by Raymond James Financial Inc.

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

Several other large investors have also recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in CyberArk Software during the fourth quarter worth about $25,000. TD Private Client Wealth LLC increased its stake in shares of CyberArk Software by 79.1% during the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock worth $26,000 after purchasing an additional 34 shares during the last quarter. Plato Investment Management Ltd bought a new stake in shares of CyberArk Software in the 4th quarter worth approximately $39,000. Graney & King LLC purchased a new position in CyberArk Software in the fourth quarter valued at approximately $43,000. Finally, Montag A & Associates Inc. grew its holdings in CyberArk Software by 47.2% during the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock valued at $44,000 after purchasing an additional 42 shares during the period. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Stock Performance

CYBR stock traded up $12.01 during trading on Thursday, hitting $345.59. 482,122 shares of the company traded hands, compared to its average volume of 535,580. The firm has a market capitalization of $17.08 billion, a PE ratio of -177.22 and a beta of 1.00. The company has a 50-day moving average of $346.50 and a 200-day moving average of $332.91. 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 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 expect that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Wall Street Analysts Forecast Growth

CYBR has been the topic of a number of recent research reports. DA Davidson dropped their price target on CyberArk Software from $475.00 to $415.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Rosenblatt Securities reiterated a "buy" rating and set a $445.00 target price on shares of CyberArk Software in a research report on Wednesday, February 26th. JMP Securities boosted their price target on shares of CyberArk Software from $390.00 to $480.00 and gave the company a "market outperform" rating in a research 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 company an "outperform" rating in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of CyberArk Software from $375.00 to $431.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Two equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $411.72.

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.