Stifel Financial Corp Buys 4,156 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Stifel Financial Corp raised its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 8.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,507 shares of the technology company's stock after acquiring an additional 4,156 shares during the period. Stifel Financial Corp owned approximately 0.13% of CyberArk Software worth $16,186,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of CYBR. Jennison Associates LLC increased its stake in CyberArk Software by 0.8% in the third quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company's stock valued at $353,386,000 after acquiring an additional 9,570 shares during the last quarter. RGM Capital LLC boosted its holdings in shares of CyberArk Software by 2.1% in the 2nd quarter. RGM Capital LLC now owns 814,129 shares of the technology company's stock valued at $222,599,000 after purchasing an additional 16,530 shares in the last quarter. Swedbank AB increased its stake in shares of CyberArk Software by 11.1% in the 3rd quarter. Swedbank AB now owns 457,899 shares of the technology company's stock valued at $133,528,000 after purchasing an additional 45,799 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of CyberArk Software during the 3rd quarter worth $82,485,000. Finally, Clearbridge Investments LLC lifted its position in shares of CyberArk Software by 250.0% during the 2nd quarter. Clearbridge Investments LLC now owns 224,381 shares of the technology company's stock worth $61,350,000 after buying an additional 160,269 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CYBR shares. Cantor Fitzgerald reiterated an "overweight" rating and issued a $335.00 target price on shares of CyberArk Software in a research report on Thursday, November 14th. UBS Group lifted their price target on shares of CyberArk Software from $340.00 to $360.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Canaccord Genuity Group upped their price objective on shares of CyberArk Software from $310.00 to $330.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Wedbush raised their target price on shares of CyberArk Software from $300.00 to $325.00 and gave the company an "outperform" rating in a research report on Tuesday, October 1st. Finally, Barclays boosted their target price on shares of CyberArk Software from $330.00 to $335.00 and gave the stock an "overweight" rating in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, CyberArk Software presently has a consensus rating of "Moderate Buy" and an average price target of $328.37.

CyberArk Software Stock Performance

Shares of CyberArk Software stock traded up $12.24 on Wednesday, reaching $324.37. 360,111 shares of the company's stock were exchanged, compared to its average volume of 518,286. The firm's 50-day moving average is $300.33 and its two-hundred day moving average is $277.29. The company has a market capitalization of $14.13 billion, a P/E ratio of 1,156.08 and a beta of 1.13. CyberArk Software Ltd. has a 52 week low of $198.01 and a 52 week high of $333.32.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.48. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The business had revenue of $240.10 million during the quarter, compared to analysts' expectations of $234.10 million. During the same period last year, the company posted ($0.31) earnings per share. The business's quarterly revenue was up 25.6% on a year-over-year basis. On average, analysts expect that CyberArk Software Ltd. will post -0.58 EPS for the current fiscal year.

About CyberArk Software

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.