Raymond James & Associates boosted its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR – Get Rating) by 24.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,509 shares of the technology company’s stock after acquiring an additional 3,007 shares during the quarter. Raymond James & Associates’ holdings in CyberArk Software were worth $2,325,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in CYBR. SQN Investors LP purchased a new position in shares of CyberArk Software during the second quarter valued at approximately $23,833,000. Woodline Partners LP purchased a new position in shares of CyberArk Software during the second quarter valued at approximately $15,575,000. Meitav Dash Investments Ltd. boosted its position in shares of CyberArk Software by 41.3% during the second quarter. Meitav Dash Investments Ltd. now owns 412,188 shares of the technology company’s stock valued at $52,482,000 after buying an additional 120,434 shares during the period. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD purchased a new position in shares of CyberArk Software during the second quarter valued at approximately $11,678,000. Finally, First Trust Advisors LP boosted its position in shares of CyberArk Software by 8.3% during the first quarter. First Trust Advisors LP now owns 1,129,744 shares of the technology company’s stock valued at $190,644,000 after buying an additional 86,160 shares during the period. 91.52% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
CYBR has been the subject of several recent analyst reports. Morgan Stanley dropped their target price on CyberArk Software from $184.00 to $162.00 and set an “overweight” rating for the company in a research report on Thursday, January 12th. Robert W. Baird reiterated an “outperform” rating and issued a $182.00 price target on shares of CyberArk Software in a report on Wednesday, October 19th. Mizuho lowered their price target on CyberArk Software from $185.00 to $175.00 and set a “buy” rating for the company in a report on Friday. KeyCorp lowered their price target on CyberArk Software from $190.00 to $189.00 and set an “overweight” rating for the company in a report on Wednesday, November 16th. Finally, Cowen assumed coverage on CyberArk Software in a report on Thursday, September 29th. They issued an “outperform” rating for the company. Four equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $172.39.
CyberArk Software Stock Performance
CyberArk Software (NASDAQ:CYBR – Get Rating) last issued its quarterly earnings results on Thursday, November 3rd. The technology company reported ($0.67) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.90) by $0.23. The business had revenue of $152.67 million for the quarter, compared to the consensus estimate of $151.18 million. CyberArk Software had a negative return on equity of 16.23% and a negative net margin of 21.79%. Analysts expect that CyberArk Software Ltd. will post -3.43 earnings per share for the current fiscal year.
CyberArk Software Company Profile
CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sales software-based security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager that offers risk-based credential security and session management to protect against attacks involving privileged access; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide fast, easy, and secure privileged access to third-party vendors; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Cloud Entitlements Manager, a SaaS solution, which reduces risk that arises from excessive privileges by implementing least privilege across cloud environments.
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