CyberArk Software Ltd. (NASDAQ:CYBR) Stock Position Lowered by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. lessened its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 8.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,345 shares of the technology company’s stock after selling 295 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in CyberArk Software were worth $733,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. 1832 Asset Management L.P. acquired a new position in shares of CyberArk Software in the 4th quarter worth $33,000. Assetmark Inc. grew its holdings in shares of CyberArk Software by 62.1% in the 3rd quarter. Assetmark Inc. now owns 248 shares of the technology company’s stock worth $41,000 after acquiring an additional 95 shares during the last quarter. UniSuper Management Pty Ltd acquired a new position in shares of CyberArk Software in the 2nd quarter worth $47,000. Ronald Blue Trust Inc. grew its holdings in shares of CyberArk Software by 250.4% in the 3rd quarter. Ronald Blue Trust Inc. now owns 466 shares of the technology company’s stock worth $73,000 after acquiring an additional 333 shares during the last quarter. Finally, Covestor Ltd acquired a new position in shares of CyberArk Software in the 1st quarter worth $73,000. Institutional investors own 91.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CYBR shares. Citigroup lifted their target price on CyberArk Software from $215.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. Cantor Fitzgerald reiterated an “overweight” rating and set a $300.00 price target on shares of CyberArk Software in a report on Thursday, February 29th. Oppenheimer lifted their price target on CyberArk Software from $195.00 to $260.00 and gave the company an “outperform” rating in a report on Monday, January 8th. JMP Securities lifted their price target on CyberArk Software from $195.00 to $280.00 and gave the company a “market outperform” rating in a report on Wednesday, January 31st. Finally, Bank of America lifted their price target on CyberArk Software from $300.00 to $315.00 and gave the company a “buy” rating in a report on Friday, March 15th. Two equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $258.54.

CyberArk Software Stock Performance

CYBR opened at $239.97 on Wednesday. The company has a market cap of $10.14 billion, a PE ratio of -148.13 and a beta of 1.05. The stock has a 50-day moving average of $259.93 and a 200-day moving average of $219.92. CyberArk Software Ltd. has a 52-week low of $120.11 and a 52-week high of $283.00.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results on Thursday, February 8th. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.53. The company had revenue of $223.10 million during the quarter, compared to the consensus estimate of $209.65 million. CyberArk Software had a negative return on equity of 8.23% and a negative net margin of 8.84%. On average, research analysts predict that CyberArk Software Ltd. will post -1.46 earnings per share for the current year.

CyberArk Software 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.