Raymond James Financial Inc. Makes New $18.11 Million Investment in CyberArk Software Ltd. (NASDAQ:CYBR)

Raymond James Financial Inc. acquired a new stake in CyberArk Software Ltd. (NASDAQ:CYBR) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 54,349 shares of the technology company’s stock, valued at approximately $18,106,000. Raymond James Financial Inc. owned 0.12% of CyberArk Software at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Wilmington Savings Fund Society FSB acquired a new stake in shares of CyberArk Software during the 3rd quarter worth approximately $144,000. Oddo BHF Asset Management Sas acquired a new position in shares of CyberArk Software during the third quarter valued at about $1,135,000. Central Pacific Bank Trust Division bought a new position in shares of CyberArk Software during the 4th quarter worth about $860,000. Nordea Investment Management AB grew its stake in shares of CyberArk Software by 7.9% in the 4th quarter. Nordea Investment Management AB now owns 3,024 shares of the technology company’s stock valued at $993,000 after buying an additional 221 shares during the period. Finally, Silverleafe Capital Partners LLC bought a new stake in CyberArk Software in the 4th quarter valued at about $799,000. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Down 1.6 %

Shares of NASDAQ:CYBR opened at $325.84 on Monday. The firm has a market capitalization of $16.11 billion, a PE ratio of -167.10 and a beta of 1.00. The company has a 50-day moving average price of $351.30 and a two-hundred day moving average price of $332.75. CyberArk Software Ltd. has a twelve month low of $223.41 and a twelve month high of $421.00.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. Analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on CYBR. Stifel Nicolaus boosted their price objective on CyberArk Software from $370.00 to $444.00 and gave the company a “buy” rating in a report on Friday, February 14th. StockNews.com lowered shares of CyberArk Software from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Piper Sandler boosted their target price on shares of CyberArk Software from $380.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. DA Davidson cut their price target on CyberArk Software from $475.00 to $415.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Finally, Stephens began coverage on CyberArk Software in a research note on Tuesday, April 1st. They issued an “overweight” rating and a $440.00 price objective for the company. Two analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, CyberArk Software currently has an average rating of “Moderate Buy” and a consensus target price of $412.14.

CyberArk Software Company 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.