Envestnet Asset Management Inc. Boosts Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Envestnet Asset Management Inc. raised its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR – Get Rating) by 16.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,897 shares of the technology company’s stock after acquiring an additional 3,152 shares during the quarter. Envestnet Asset Management Inc.’s holdings in CyberArk Software were worth $3,433,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in CYBR. Raymond James & Associates grew its holdings in shares of CyberArk Software by 15.6% during the first quarter. Raymond James & Associates now owns 12,520 shares of the technology company’s stock worth $2,113,000 after buying an additional 1,691 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of CyberArk Software by 86.5% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 7,837 shares of the technology company’s stock worth $1,322,000 after buying an additional 3,634 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of CyberArk Software by 29.8% during the first quarter. PNC Financial Services Group Inc. now owns 2,956 shares of the technology company’s stock worth $498,000 after buying an additional 678 shares in the last quarter. Yousif Capital Management LLC purchased a new stake in shares of CyberArk Software during the first quarter worth about $293,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of CyberArk Software by 16.8% during the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,390 shares of the technology company’s stock worth $235,000 after buying an additional 200 shares in the last quarter. 91.52% of the stock is currently owned by hedge funds and other institutional investors.

CyberArk Software Trading Up 2.5 %

NASDAQ CYBR opened at $151.45 on Monday. The company’s fifty day simple moving average is $136.51 and its 200-day simple moving average is $143.14. CyberArk Software Ltd. has a 52 week low of $100.35 and a 52 week high of $180.01. The company has a current ratio of 2.43, a quick ratio of 2.66 and a debt-to-equity ratio of 0.84. The stock has a market cap of $6.17 billion, a P/E ratio of -47.18 and a beta of 1.08.

CyberArk Software (NASDAQ:CYBR – Get Rating) last posted its earnings results on Thursday, February 9th. The technology company reported ($0.50) EPS for the quarter, topping analysts’ consensus estimates of ($0.63) by $0.13. CyberArk Software had a negative net margin of 22.03% and a negative return on equity of 17.78%. The business had revenue of $169.15 million for the quarter, compared to analysts’ expectations of $174.10 million. Equities research analysts predict that CyberArk Software Ltd. will post -2.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CYBR. Mizuho reiterated a “buy” rating and set a $175.00 price target on shares of CyberArk Software in a report on Friday, February 10th. Needham & Company LLC restated a “buy” rating and issued a $180.00 target price on shares of CyberArk Software in a report on Friday, February 10th. StockNews.com upgraded shares of CyberArk Software from a “sell” rating to a “hold” rating in a report on Thursday, February 16th. Roth Capital restated a “buy” rating on shares of CyberArk Software in a report on Thursday, February 9th. Finally, JPMorgan Chase & Co. began coverage on shares of CyberArk Software in a report on Tuesday, January 24th. They issued a “neutral” rating and a $147.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $171.18.

About CyberArk Software

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CyberArk Software Ltd. engages in the development, market, and sale of access security software solutions. The firm’s products include Privilege, Access, and DevSecOps. It offers its products and services to banking, insurance, healthcare, and federal industries. The company was founded by Udi Mokady and Alon Cohen in 1999 and is headquartered in Petah Tikva, Israel.