Smartleaf Asset Management LLC Raises Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Smartleaf Asset Management LLC boosted its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 1,718.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 891 shares of the technology company's stock after purchasing an additional 842 shares during the quarter. Smartleaf Asset Management LLC's holdings in CyberArk Software were worth $285,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of CYBR. HighTower Advisors LLC raised its position in shares of CyberArk Software by 16.6% during the 3rd quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company's stock valued at $4,212,000 after buying an additional 2,062 shares in the last quarter. Groupama Asset Managment raised its position in shares of CyberArk Software by 0.5% during the 3rd quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company's stock valued at $304,000 after buying an additional 5,402 shares in the last quarter. Jennison Associates LLC raised its position in shares of CyberArk Software by 0.8% during the 3rd quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company's stock valued at $353,386,000 after buying an additional 9,570 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of CyberArk Software during the 3rd quarter valued at about $8,612,000. Finally, CHURCHILL MANAGEMENT Corp purchased a new stake in shares of CyberArk Software during the 4th quarter valued at about $764,000. Hedge funds and other institutional investors own 91.84% of the company's stock.

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Analyst Upgrades and Downgrades

CYBR has been the topic of several recent research reports. Morgan Stanley upped their target price on shares of CyberArk Software from $316.00 to $390.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. Guggenheim reissued a "buy" rating and issued a $455.00 price objective on shares of CyberArk Software in a research report on Tuesday, February 25th. Scotiabank increased their price objective on shares of CyberArk Software from $340.00 to $400.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, January 21st. StockNews.com lowered shares of CyberArk Software from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Finally, Robert W. Baird increased their price objective on shares of CyberArk Software from $455.00 to $465.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. Based on data from MarketBeat, CyberArk Software presently has a consensus rating of "Moderate Buy" and an average price target of $418.15.

CyberArk Software Stock Performance

CYBR traded down $2.24 during trading on Friday, hitting $335.45. The stock had a trading volume of 841,687 shares, compared to its average volume of 487,873. The company has a market capitalization of $14.62 billion, a PE ratio of -172.03 and a beta of 1.06. CyberArk Software Ltd. has a twelve month low of $223.41 and a twelve month high of $421.00. The stock has a 50 day simple moving average of $364.19 and a two-hundred day simple moving average of $319.52.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share 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%. On average, equities research analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current year.

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.