Commonwealth Equity Services LLC Boosts Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Commonwealth Equity Services LLC grew its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 14.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,471 shares of the technology company’s stock after purchasing an additional 2,634 shares during the quarter. Commonwealth Equity Services LLC’s holdings in CyberArk Software were worth $7,153,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Avantax Advisory Services Inc. boosted its stake in shares of CyberArk Software by 5.5% in the fourth quarter. Avantax Advisory Services Inc. now owns 2,184 shares of the technology company’s stock valued at $728,000 after purchasing an additional 114 shares during the period. Sequoia Financial Advisors LLC purchased a new position in shares of CyberArk Software in the fourth quarter valued at approximately $252,000. HighTower Advisors LLC boosted its stake in shares of CyberArk Software by 4.5% in the fourth quarter. HighTower Advisors LLC now owns 15,123 shares of the technology company’s stock valued at $5,038,000 after purchasing an additional 645 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of CyberArk Software by 1.4% in the fourth quarter. Daiwa Securities Group Inc. now owns 3,827 shares of the technology company’s stock valued at $1,275,000 after purchasing an additional 53 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in CyberArk Software by 2.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,614 shares of the technology company’s stock worth $11,199,000 after acquiring an additional 889 shares during the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CYBR shares. DA Davidson reiterated a “buy” rating and issued a $475.00 price target on shares of CyberArk Software in a research note on Tuesday, February 25th. Morgan Stanley started coverage on shares of CyberArk Software in a research note on Tuesday. They issued an “equal weight” rating for the company. Barclays lifted their price target on shares of CyberArk Software from $375.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Piper Sandler lifted their price target on shares of CyberArk Software from $380.00 to $440.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, StockNews.com downgraded shares of CyberArk Software from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Two equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $418.15.

CyberArk Software Price Performance

CYBR stock opened at $346.76 on Friday. The company has a fifty day moving average price of $364.00 and a 200 day moving average price of $322.67. CyberArk Software Ltd. has a 12 month low of $223.41 and a 12 month high of $421.00. The company has a market cap of $17.14 billion, a price-to-earnings ratio of -177.83 and a beta of 1.06.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data 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 positive return on equity of 0.45% and a negative net margin of 9.34%. As a group, analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current 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.