CyberArk Software Ltd. (NASDAQ:CYBR) Shares Purchased by LPL Financial LLC

LPL Financial LLC increased its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR – Get Rating) by 5.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,980 shares of the technology company’s stock after purchasing an additional 1,184 shares during the period. LPL Financial LLC owned 0.06% of CyberArk Software worth $3,145,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Handelsbanken Fonder AB grew its holdings in shares of CyberArk Software by 3,200.0% in the fourth quarter. Handelsbanken Fonder AB now owns 82,500 shares of the technology company’s stock valued at $10,696,000 after purchasing an additional 80,000 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in CyberArk Software by 111.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 48,358 shares of the technology company’s stock worth $6,270,000 after acquiring an additional 25,461 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in CyberArk Software by 52.4% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 16,623 shares of the technology company’s stock worth $2,155,000 after acquiring an additional 5,715 shares during the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in shares of CyberArk Software during the 4th quarter worth approximately $10,685,000. Finally, RPG Investment Advisory LLC lifted its position in shares of CyberArk Software by 0.7% during the 4th quarter. RPG Investment Advisory LLC now owns 73,687 shares of the technology company’s stock worth $9,554,000 after buying an additional 538 shares during the last quarter. 91.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Roth Capital restated a “buy” rating on shares of CyberArk Software in a research report on Thursday, February 9th. Canaccord Genuity Group upped their price target on shares of CyberArk Software from $165.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, February 10th. Truist Financial initiated coverage on shares of CyberArk Software in a research report on Friday, April 21st. They issued a “buy” rating and a $185.00 price target for the company. Barclays upped their price objective on shares of CyberArk Software from $175.00 to $178.00 in a research report on Friday, May 12th. Finally, JPMorgan Chase & Co. assumed coverage on shares of CyberArk Software in a research report on Tuesday, January 24th. They set a “neutral” rating and a $147.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat, CyberArk Software presently has a consensus rating of “Moderate Buy” and a consensus target price of $174.00.

CyberArk Software Stock Performance

Shares of CYBR opened at $148.60 on Friday. CyberArk Software Ltd. has a 1 year low of $113.19 and a 1 year high of $165.18. The company has a market cap of $6.10 billion, a price-to-earnings ratio of -47.63 and a beta of 1.09. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.31 and a current ratio of 2.31. The firm has a fifty day moving average of $137.25 and a 200-day moving average of $139.25.

About CyberArk Software

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CyberArk Software Ltd. engages in the development, market, and sale of access security software solutions. The firm’s products include Privilege, Access, and DevSecOps. It offers its products and services to banking, insurance, healthcare, and federal industries. The company was founded by Udi Mokady and Alon Cohen in 1999 and is headquartered in Petah Tikva, Israel.