Weatherly Asset Management L. P. Has $17.83 Million Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Weatherly Asset Management L. P. trimmed its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 0.3% during the fourth quarter, Holdings Channel reports. The firm owned 53,517 shares of the technology company’s stock after selling 177 shares during the period. CyberArk Software comprises 1.6% of Weatherly Asset Management L. P.’s holdings, making the stock its 17th biggest holding. Weatherly Asset Management L. P.’s holdings in CyberArk Software were worth $17,829,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CYBR. Creative Planning raised its stake in shares of CyberArk Software by 14.0% in the third quarter. Creative Planning now owns 11,971 shares of the technology company’s stock valued at $3,491,000 after acquiring an additional 1,471 shares during the last quarter. Swedbank AB raised its stake in shares of CyberArk Software by 11.1% in the third quarter. Swedbank AB now owns 457,899 shares of the technology company’s stock valued at $133,528,000 after acquiring an additional 45,799 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in CyberArk Software by 26.0% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,123 shares of the technology company’s stock worth $1,202,000 after purchasing an additional 852 shares during the last quarter. Blue Trust Inc. raised its position in CyberArk Software by 49.4% in the 3rd quarter. Blue Trust Inc. now owns 1,155 shares of the technology company’s stock worth $316,000 after purchasing an additional 382 shares during the last quarter. Finally, Nepsis Inc. raised its position in CyberArk Software by 2.9% in the 3rd quarter. Nepsis Inc. now owns 57,239 shares of the technology company’s stock worth $16,691,000 after purchasing an additional 1,595 shares during the last quarter. Institutional investors own 91.84% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Truist Financial boosted their price objective on shares of CyberArk Software from $350.00 to $385.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Needham & Company LLC boosted their price objective on shares of CyberArk Software from $360.00 to $410.00 and gave the stock a “buy” rating in a research report on Thursday, January 9th. Royal Bank of Canada boosted their price objective on shares of CyberArk Software from $385.00 to $410.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 21st. KeyCorp upped their target price on shares of CyberArk Software from $355.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Finally, StockNews.com cut shares of CyberArk Software from a “buy” rating to a “hold” rating in a research report on Monday. Two research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to data from MarketBeat, CyberArk Software currently has an average rating of “Moderate Buy” and a consensus price target of $371.89.

CyberArk Software Stock Performance

Shares of CYBR stock opened at $389.97 on Tuesday. The firm’s 50-day moving average is $340.76 and its 200-day moving average is $303.64. The stock has a market cap of $16.99 billion, a price-to-earnings ratio of 1,444.39 and a beta of 1.15. CyberArk Software Ltd. has a 52-week low of $223.09 and a 52-week high of $394.31.

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

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.