Crestwood Advisors Group LLC Acquires Shares of 1,050 CyberArk Software Ltd. (NASDAQ:CYBR)

Crestwood Advisors Group LLC acquired a new stake in CyberArk Software Ltd. (NASDAQ:CYBR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,050 shares of the technology company’s stock, valued at approximately $230,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CYBR. Whale Rock Capital Management LLC lifted its position in shares of CyberArk Software by 513.7% during the second quarter. Whale Rock Capital Management LLC now owns 836,516 shares of the technology company’s stock worth $130,773,000 after purchasing an additional 700,210 shares during the last quarter. Norges Bank bought a new position in shares of CyberArk Software during the fourth quarter worth about $55,479,000. Jennison Associates LLC lifted its position in shares of CyberArk Software by 226.5% during the third quarter. Jennison Associates LLC now owns 581,003 shares of the technology company’s stock worth $95,151,000 after purchasing an additional 403,076 shares during the last quarter. Acadian Asset Management LLC lifted its position in shares of CyberArk Software by 226.3% during the third quarter. Acadian Asset Management LLC now owns 295,893 shares of the technology company’s stock worth $48,434,000 after purchasing an additional 205,224 shares during the last quarter. Finally, Balyasny Asset Management LLC bought a new position in shares of CyberArk Software during the third quarter worth about $24,857,000. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Stock Performance

Shares of NASDAQ:CYBR opened at $239.94 on Tuesday. The stock has a market capitalization of $10.14 billion, a price-to-earnings ratio of -148.11 and a beta of 1.05. CyberArk Software Ltd. has a 1-year low of $120.11 and a 1-year high of $283.00. The company has a 50 day moving average price of $259.93 and a 200 day moving average price of $219.38.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Thursday, February 8th. The technology company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.53. CyberArk Software had a negative net margin of 8.84% and a negative return on equity of 8.23%. The firm had revenue of $223.10 million during the quarter, compared to analyst estimates of $209.65 million. On average, sell-side analysts expect that CyberArk Software Ltd. will post -1.46 EPS for the current fiscal year.

Analysts Set New Price Targets

CYBR has been the topic of several research analyst reports. JMP Securities increased their price target on shares of CyberArk Software from $195.00 to $280.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 31st. UBS Group increased their price objective on shares of CyberArk Software from $215.00 to $260.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Needham & Company LLC raised their price target on shares of CyberArk Software from $245.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Rosenblatt Securities raised their price target on shares of CyberArk Software from $265.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Finally, KeyCorp raised their price target on shares of CyberArk Software from $274.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, February 9th. Two analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $258.54.

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.