Wealth Alliance Boosts Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Wealth Alliance lifted its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,399 shares of the technology company’s stock after acquiring an additional 60 shares during the quarter. Wealth Alliance’s holdings in CyberArk Software were worth $526,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CYBR. Raymond James & Associates boosted its stake in shares of CyberArk Software by 15.6% during the 1st quarter. Raymond James & Associates now owns 12,520 shares of the technology company’s stock worth $2,113,000 after acquiring an additional 1,691 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of CyberArk Software by 86.5% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 7,837 shares of the technology company’s stock worth $1,322,000 after purchasing an additional 3,634 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of CyberArk Software by 29.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,956 shares of the technology company’s stock worth $498,000 after purchasing an additional 678 shares during the last quarter. Yousif Capital Management LLC acquired a new position in shares of CyberArk Software during the 1st quarter worth about $293,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of CyberArk Software by 16.8% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,390 shares of the technology company’s stock worth $235,000 after purchasing an additional 200 shares during the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Stock Down 1.7 %

CyberArk Software stock opened at $235.98 on Thursday. The company has a fifty day simple moving average of $259.79 and a 200-day simple moving average of $220.03. CyberArk Software Ltd. has a 12-month low of $120.11 and a 12-month high of $283.00.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Thursday, February 8th. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.53. The business had revenue of $223.10 million during the quarter, compared to analysts’ expectations of $209.65 million. CyberArk Software had a negative net margin of 8.84% and a negative return on equity of 8.23%. On average, equities research analysts expect that CyberArk Software Ltd. will post -1.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CYBR shares. Citigroup increased their price objective on shares of CyberArk Software from $215.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Morgan Stanley downgraded shares of CyberArk Software from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $195.00 to $240.00 in a report on Tuesday, January 9th. Needham & Company LLC raised their price target on shares of CyberArk Software from $245.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Cantor Fitzgerald restated an “overweight” rating and set a $300.00 price target on shares of CyberArk Software in a report on Wednesday. Finally, Bank of America raised their price target on shares of CyberArk Software from $300.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Two equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat, CyberArk Software presently has a consensus rating of “Moderate Buy” and an average target price of $258.54.

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.