Janney Montgomery Scott LLC Acquires 2,346 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Janney Montgomery Scott LLC raised its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBRFree Report) by 23.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,162 shares of the technology company’s stock after purchasing an additional 2,346 shares during the period. Janney Montgomery Scott LLC’s holdings in CyberArk Software were worth $4,052,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Coldstream Capital Management Inc. lifted its stake in shares of CyberArk Software by 3.5% in the third quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company’s stock worth $359,000 after buying an additional 42 shares in the last quarter. Greenleaf Trust raised its holdings in CyberArk Software by 2.5% in the 3rd quarter. Greenleaf Trust now owns 1,829 shares of the technology company’s stock worth $533,000 after acquiring an additional 45 shares during the last quarter. Signaturefd LLC lifted its position in CyberArk Software by 4.2% in the 3rd quarter. Signaturefd LLC now owns 1,206 shares of the technology company’s stock valued at $352,000 after acquiring an additional 49 shares in the last quarter. Austin Private Wealth LLC boosted its stake in CyberArk Software by 6.8% during the 3rd quarter. Austin Private Wealth LLC now owns 815 shares of the technology company’s stock valued at $238,000 after purchasing an additional 52 shares during the last quarter. Finally, Juncture Wealth Strategies LLC boosted its stake in CyberArk Software by 2.1% during the 3rd quarter. Juncture Wealth Strategies LLC now owns 2,830 shares of the technology company’s stock valued at $825,000 after purchasing an additional 57 shares during the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CYBR. Needham & Company LLC upped their price target on CyberArk Software from $360.00 to $410.00 and gave the company a “buy” rating in a report on Thursday, January 9th. Scotiabank boosted their target price on CyberArk Software from $340.00 to $400.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. Barclays raised their price target on shares of CyberArk Software from $330.00 to $335.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Citigroup boosted their price objective on shares of CyberArk Software from $355.00 to $410.00 and gave the company a “buy” rating in a report on Friday, January 17th. Finally, Canaccord Genuity Group raised their target price on shares of CyberArk Software from $310.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. Based on data from MarketBeat.com, CyberArk Software has a consensus rating of “Moderate Buy” and an average price target of $367.44.

Read Our Latest Report on CYBR

CyberArk Software Price Performance

Shares of CYBR stock opened at $371.63 on Friday. CyberArk Software Ltd. has a one year low of $223.09 and a one year high of $377.22. The company’s fifty day moving average price is $333.24 and its 200-day moving average price is $297.93. The company has a market capitalization of $16.19 billion, a price-to-earnings ratio of 1,376.46 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBRGet Free Report) last posted its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.48. The business had revenue of $240.10 million for the quarter, compared to analysts’ expectations of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The business’s quarterly revenue was up 25.6% on a year-over-year basis. During the same period last year, the firm earned ($0.31) earnings per share. Equities research analysts expect that CyberArk Software Ltd. will post -0.58 earnings per share for the current fiscal 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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