CyberArk Software Ltd. (NASDAQ:CYBR) Stake Raised by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 50.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,022 shares of the technology company’s stock after acquiring an additional 1,007 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in CyberArk Software were worth $1,007,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Thoma Bravo L.P. acquired a new stake in CyberArk Software during the fourth quarter valued at approximately $380,637,000. First Trust Advisors LP grew its stake in CyberArk Software by 2.3% during the 4th quarter. First Trust Advisors LP now owns 939,768 shares of the technology company’s stock valued at $313,084,000 after acquiring an additional 20,832 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of CyberArk Software by 8.4% in the 4th quarter. Pictet Asset Management Holding SA now owns 878,435 shares of the technology company’s stock valued at $292,651,000 after purchasing an additional 68,359 shares during the period. Norges Bank purchased a new stake in shares of CyberArk Software in the fourth quarter worth approximately $203,375,000. Finally, TimesSquare Capital Management LLC lifted its position in shares of CyberArk Software by 4.6% in the fourth quarter. TimesSquare Capital Management LLC now owns 560,353 shares of the technology company’s stock worth $186,682,000 after purchasing an additional 24,805 shares in the last quarter. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Up 3.0%

Shares of NASDAQ:CYBR opened at $403.76 on Monday. The company has a market cap of $19.96 billion, a price-to-earnings ratio of -207.06 and a beta of 0.99. The business has a 50 day moving average price of $353.93 and a 200 day moving average price of $349.75. CyberArk Software Ltd. has a twelve month low of $230.00 and a twelve month high of $421.00.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Tuesday, May 13th. The technology company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.19. CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. The company had revenue of $317.60 million during the quarter, compared to analysts’ expectations of $305.57 million. During the same period in the prior year, the business earned $0.75 earnings per share. CyberArk Software’s revenue for the quarter was up 43.3% compared to the same quarter last year. Analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CYBR shares. Barclays reiterated an “overweight” rating on shares of CyberArk Software in a research note on Tuesday, May 13th. Citigroup boosted their price target on shares of CyberArk Software from $410.00 to $450.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Morgan Stanley reiterated an “equal weight” rating on shares of CyberArk Software in a report on Tuesday, May 13th. Robert W. Baird boosted their target price on CyberArk Software from $450.00 to $460.00 and gave the company an “outperform” rating in a research note on Wednesday, May 14th. Finally, Canaccord Genuity Group upped their target price on CyberArk Software from $330.00 to $440.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Two investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $415.71.

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.