West Tower Group LLC Purchases 300 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

West Tower Group LLC boosted its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 60.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 800 shares of the technology company’s stock after buying an additional 300 shares during the period. West Tower Group LLC’s holdings in CyberArk Software were worth $233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in CYBR. Mather Group LLC. bought a new stake in CyberArk Software in the 2nd quarter valued at $27,000. ORG Partners LLC bought a new stake in shares of CyberArk Software during the 2nd quarter valued at $33,000. 1620 Investment Advisors Inc. bought a new stake in shares of CyberArk Software during the 2nd quarter valued at $39,000. Assetmark Inc. lifted its position in shares of CyberArk Software by 1,025.0% during the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after acquiring an additional 123 shares during the period. Finally, Arcadia Investment Management Corp MI lifted its position in shares of CyberArk Software by 42.2% during the 2nd quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock valued at $50,000 after acquiring an additional 54 shares during the period. 91.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CYBR has been the subject of a number of recent analyst reports. Susquehanna upped their target price on CyberArk Software from $320.00 to $345.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. Wells Fargo & Company upped their target price on CyberArk Software from $300.00 to $350.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Rosenblatt Securities reiterated a “buy” rating and set a $310.00 target price on shares of CyberArk Software in a research report on Tuesday, August 6th. Truist Financial reiterated a “buy” rating and set a $350.00 target price (up from $300.00) on shares of CyberArk Software in a research report on Thursday, November 14th. Finally, Royal Bank of Canada boosted their price target on CyberArk Software from $328.00 to $358.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and twenty-six have issued a buy rating to the company. Based on data from MarketBeat, CyberArk Software has an average rating of “Moderate Buy” and a consensus price target of $328.37.

CyberArk Software Price Performance

Shares of CyberArk Software stock opened at $324.37 on Tuesday. The stock’s 50-day moving average is $291.19 and its 200 day moving average is $271.08. CyberArk Software Ltd. has a one year low of $191.56 and a one year high of $332.05. The firm has a market cap of $14.13 billion, a price-to-earnings ratio of 1,201.41 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR) last released its earnings results on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.46 by $0.48. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The business had revenue of $240.10 million during the quarter, compared to analysts’ expectations of $234.10 million. During the same quarter last year, the firm posted ($0.31) earnings per share. The firm’s revenue was up 25.6% on a year-over-year basis. On average, sell-side analysts expect that CyberArk Software Ltd. will post -0.62 EPS for the current fiscal year.

About CyberArk Software

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.