CyberArk Software Ltd. (NASDAQ:CYBR) Holdings Lifted by Advisors Asset Management Inc.

Advisors Asset Management Inc. increased its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 6.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,205 shares of the technology company’s stock after buying an additional 699 shares during the quarter. Advisors Asset Management Inc.’s holdings in CyberArk Software were worth $4,066,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of CYBR. Coldstream Capital Management Inc. boosted its position in CyberArk Software by 3.5% during the third quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company’s stock valued at $359,000 after purchasing an additional 42 shares during the last quarter. Montag A & Associates Inc. boosted its position in CyberArk Software by 47.2% during the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock valued at $44,000 after purchasing an additional 42 shares during the last quarter. Venturi Wealth Management LLC boosted its position in CyberArk Software by 6.9% during the fourth quarter. Venturi Wealth Management LLC now owns 805 shares of the technology company’s stock valued at $268,000 after purchasing an additional 52 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in CyberArk Software by 1.4% during 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 last quarter. Finally, IFP Advisors Inc boosted its position in CyberArk Software by 12.7% during the fourth quarter. IFP Advisors Inc now owns 487 shares of the technology company’s stock valued at $162,000 after purchasing an additional 55 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 analysts recently issued reports on CYBR shares. Citigroup lifted their price objective on CyberArk Software from $410.00 to $450.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. DA Davidson reaffirmed a “buy” rating and issued a $475.00 price target on shares of CyberArk Software in a research report on Tuesday, February 25th. Royal Bank of Canada boosted their price target on CyberArk Software from $385.00 to $410.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 21st. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $415.00 price target on shares of CyberArk Software in a research report on Monday, January 27th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $455.00 price target on shares of CyberArk Software in a research report on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $418.15.

CyberArk Software Stock Down 0.5 %

Shares of CYBR opened at $346.76 on Friday. CyberArk Software Ltd. has a 12-month low of $223.41 and a 12-month high of $421.00. The firm has a market capitalization of $17.14 billion, a price-to-earnings ratio of -177.83 and a beta of 1.06. The stock’s 50-day moving average price is $364.00 and its 200 day moving average price is $322.67.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. Equities research analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current year.

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.