TD Private Client Wealth LLC Raises Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

TD Private Client Wealth LLC lifted its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 79.1% in the fourth quarter, HoldingsChannel reports. The firm owned 77 shares of the technology company’s stock after purchasing an additional 34 shares during the quarter. TD Private Client Wealth LLC’s holdings in CyberArk Software were worth $26,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of CyberArk Software in the 4th quarter worth $25,000. Plato Investment Management Ltd bought a new position in shares of CyberArk Software in the 4th quarter valued at about $39,000. Montag A & Associates Inc. grew its position in CyberArk Software by 47.2% in the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock worth $44,000 after acquiring an additional 42 shares in the last quarter. Brown Lisle Cummings Inc. bought a new stake in CyberArk Software during the fourth quarter worth approximately $50,000. Finally, Steward Partners Investment Advisory LLC raised its position in CyberArk Software by 54.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 198 shares of the technology company’s stock valued at $66,000 after purchasing an additional 70 shares during the period. Institutional investors own 91.84% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on CYBR. Oppenheimer lifted their target price on CyberArk Software from $360.00 to $420.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. StockNews.com lowered shares of CyberArk Software from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Canaccord Genuity Group increased their target price on shares of CyberArk Software from $330.00 to $440.00 and gave the company a “buy” rating in a research note on Friday, February 14th. DA Davidson reaffirmed a “buy” rating and set a $475.00 price target on shares of CyberArk Software in a research note on Tuesday, February 25th. Finally, Robert W. Baird increased their price objective on shares of CyberArk Software from $455.00 to $465.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $418.15.

CyberArk Software Price Performance

Shares of NASDAQ CYBR opened at $348.42 on Thursday. CyberArk Software Ltd. has a 1-year low of $223.41 and a 1-year high of $421.00. The business has a fifty day moving average price of $364.78 and a 200 day moving average price of $325.14. The stock has a market capitalization of $17.22 billion, a P/E ratio of -178.68 and a beta of 1.06.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) 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%. As a group, equities research analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share 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.