9,081 Shares in CyberArk Software Ltd. (NASDAQ:CYBR) Purchased by Madison Investment Advisors LLC

Madison Investment Advisors LLC purchased a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 9,081 shares of the technology company’s stock, valued at approximately $3,025,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC boosted its holdings in CyberArk Software by 14.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 21,471 shares of the technology company’s stock worth $7,153,000 after purchasing an additional 2,634 shares during the last quarter. Avantax Advisory Services Inc. boosted its holdings in CyberArk Software by 5.5% during the fourth quarter. Avantax Advisory Services Inc. now owns 2,184 shares of the technology company’s stock worth $728,000 after purchasing an additional 114 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in CyberArk Software during the fourth quarter worth about $252,000. HighTower Advisors LLC boosted its holdings in CyberArk Software by 4.5% during the fourth quarter. HighTower Advisors LLC now owns 15,123 shares of the technology company’s stock worth $5,038,000 after purchasing an additional 645 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings 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 worth $1,275,000 after purchasing an additional 53 shares during the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

CyberArk Software Stock Performance

CyberArk Software stock opened at $351.76 on Friday. The firm’s fifty day moving average price is $364.16 and its 200-day moving average price is $323.12. The stock has a market cap of $17.39 billion, a P/E ratio of -180.39 and a beta of 1.06. CyberArk Software Ltd. has a fifty-two week low of $223.41 and a fifty-two week high of $421.00.

CyberArk Software (NASDAQ:CYBR) last posted 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%. On average, analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on CYBR. Wells Fargo & Company boosted their target price on shares of CyberArk Software from $425.00 to $500.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Oppenheimer boosted their target price on shares of CyberArk Software from $360.00 to $420.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. StockNews.com cut shares of CyberArk Software from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Stifel Nicolaus boosted their target price on shares of CyberArk Software from $370.00 to $444.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Finally, Truist Financial boosted their target price on shares of CyberArk Software from $385.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. According to data from MarketBeat, CyberArk Software currently has an average rating of “Moderate Buy” and an average price target of $418.15.

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.