TD Asset Management Inc Acquires 290 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

TD Asset Management Inc lifted its holdings in CyberArk Software Ltd. (NASDAQ:CYBRFree Report) by 2.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 11,330 shares of the technology company’s stock after purchasing an additional 290 shares during the period. TD Asset Management Inc’s holdings in CyberArk Software were worth $2,482,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Desjardins Global Asset Management Inc. lifted its holdings in CyberArk Software by 22.1% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 282 shares of the technology company’s stock worth $62,000 after buying an additional 51 shares during the period. Signaturefd LLC lifted its stake in shares of CyberArk Software by 6.6% during the 4th quarter. Signaturefd LLC now owns 868 shares of the technology company’s stock worth $190,000 after purchasing an additional 54 shares during the last quarter. HighTower Advisors LLC boosted its position in CyberArk Software by 1.1% during the third quarter. HighTower Advisors LLC now owns 5,476 shares of the technology company’s stock valued at $894,000 after purchasing an additional 60 shares in the last quarter. Wealth Alliance grew its stake in CyberArk Software by 2.6% in the fourth quarter. Wealth Alliance now owns 2,399 shares of the technology company’s stock valued at $526,000 after purchasing an additional 60 shares during the last quarter. Finally, Regal Investment Advisors LLC raised its holdings in CyberArk Software by 1.6% in the third quarter. Regal Investment Advisors LLC now owns 3,911 shares of the technology company’s stock worth $641,000 after purchasing an additional 61 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CYBR. Bank of America reaffirmed a “buy” rating and issued a $315.00 price objective on shares of CyberArk Software in a research report on Wednesday, April 24th. BTIG Research initiated coverage on CyberArk Software in a research report on Thursday, March 28th. They set a “buy” rating and a $317.00 price target on the stock. DA Davidson increased their price objective on CyberArk Software from $275.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, May 22nd. KeyCorp boosted their target price on CyberArk Software from $274.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, February 9th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $310.00 price target on shares of CyberArk Software in a research note on Wednesday, May 1st. Two equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $270.83.

View Our Latest Research Report on CyberArk Software

CyberArk Software Stock Performance

Shares of CYBR opened at $239.97 on Friday. The business’s 50-day moving average is $241.96 and its two-hundred day moving average is $236.99. The company has a market capitalization of $10.14 billion, a P/E ratio of -374.95 and a beta of 1.08. CyberArk Software Ltd. has a fifty-two week low of $142.92 and a fifty-two week high of $283.00.

CyberArk Software (NASDAQ:CYBRGet Free Report) last posted its earnings results on Thursday, May 2nd. The technology company reported $0.16 EPS for the quarter, topping the consensus estimate of ($0.51) by $0.67. CyberArk Software had a negative return on equity of 2.51% and a negative net margin of 3.20%. The firm had revenue of $221.55 million for the quarter, compared to analyst estimates of $213.42 million. Analysts forecast that CyberArk Software Ltd. will post -1.24 EPS for the current year.

CyberArk Software Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CyberArk Software (NASDAQ:CYBR)

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