Kestra Private Wealth Services LLC Acquires Shares of 2,895 CyberArk Software Ltd. (NASDAQ:CYBR)

Kestra Private Wealth Services LLC purchased a new position in CyberArk Software Ltd. (NASDAQ:CYBR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,895 shares of the technology company’s stock, valued at approximately $964,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Coldstream Capital Management Inc. raised its holdings in shares of CyberArk Software by 3.5% in the third quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company’s stock worth $359,000 after buying an additional 42 shares during the period. Greenleaf Trust raised its holdings in shares of CyberArk Software by 2.5% in the third quarter. Greenleaf Trust now owns 1,829 shares of the technology company’s stock worth $533,000 after buying an additional 45 shares during the period. Signaturefd LLC grew its stake in CyberArk Software by 4.2% in the third quarter. Signaturefd LLC now owns 1,206 shares of the technology company’s stock worth $352,000 after purchasing an additional 49 shares in the last quarter. Austin Private Wealth LLC increased its holdings in CyberArk Software by 6.8% during the 3rd quarter. Austin Private Wealth LLC now owns 815 shares of the technology company’s stock worth $238,000 after purchasing an additional 52 shares during the period. Finally, IHT Wealth Management LLC increased its holdings in CyberArk Software by 1.8% during the 3rd quarter. IHT Wealth Management LLC now owns 3,539 shares of the technology company’s stock worth $1,031,000 after purchasing an additional 61 shares during the period. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

CyberArk Software Stock Performance

Shares of CYBR opened at $414.31 on Friday. The stock has a 50-day moving average of $344.38 and a two-hundred day moving average of $305.97. CyberArk Software Ltd. has a one year low of $223.09 and a one year high of $418.49. The stock has a market cap of $18.05 billion, a P/E ratio of 1,534.54 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.85). CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. Analysts predict that CyberArk Software Ltd. will post -0.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on CYBR shares. Needham & Company LLC raised their price objective on CyberArk Software from $360.00 to $410.00 and gave the stock a “buy” rating in a report on Thursday, January 9th. Morgan Stanley restated an “equal weight” rating and set a $316.00 price objective on shares of CyberArk Software in a report on Tuesday, December 31st. Oppenheimer raised their price objective on CyberArk Software from $360.00 to $420.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. UBS Group raised their price objective on CyberArk Software from $340.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, Susquehanna raised their price objective on CyberArk Software from $320.00 to $345.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $373.96.

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.