CyberArk Software Ltd. (NASDAQ:CYBR) Shares Purchased by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC raised its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 19.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,215 shares of the technology company’s stock after purchasing an additional 359 shares during the quarter. HighPoint Advisor Group LLC’s holdings in CyberArk Software were worth $738,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in CYBR. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of CyberArk Software in the 4th quarter valued at $25,000. TD Private Client Wealth LLC grew its position in CyberArk Software by 79.1% in the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock valued at $26,000 after acquiring an additional 34 shares in the last quarter. Plato Investment Management Ltd purchased a new stake in CyberArk Software during the fourth quarter worth about $39,000. Graney & King LLC acquired a new stake in shares of CyberArk Software during the fourth quarter worth about $43,000. Finally, Montag A & Associates Inc. lifted its position in shares of CyberArk Software by 47.2% during the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock worth $44,000 after purchasing an additional 42 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

CyberArk Software Stock Up 3.0 %

CyberArk Software stock opened at $348.26 on Wednesday. The firm has a market capitalization of $17.21 billion, a PE ratio of -178.59 and a beta of 1.06. CyberArk Software Ltd. has a 52 week low of $223.41 and a 52 week high of $421.00. The firm’s 50-day simple moving average is $363.73 and its 200 day simple moving average is $327.66.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $480.00 target price on shares of CyberArk Software in a research note on Thursday, March 20th. Rosenblatt Securities reaffirmed a “buy” rating and set a $445.00 price objective on shares of CyberArk Software in a research report on Wednesday, February 26th. JPMorgan Chase & Co. increased their price objective on CyberArk Software from $375.00 to $431.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Oppenheimer boosted their target price on CyberArk Software from $360.00 to $420.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Finally, KeyCorp increased their price target on CyberArk Software from $400.00 to $485.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $418.04.

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.