CyberArk Software Ltd. (NASDAQ:CYBR) Holdings Boosted by Cerity Partners LLC

Cerity Partners LLC boosted its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,118 shares of the technology company’s stock after acquiring an additional 373 shares during the period. Cerity Partners LLC’s holdings in CyberArk Software were worth $17,159,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CYBR. HighTower Advisors LLC raised its holdings in shares of CyberArk Software by 16.6% during the third quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company’s stock valued at $4,212,000 after buying an additional 2,062 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of CyberArk Software during the third quarter valued at approximately $8,612,000. CHURCHILL MANAGEMENT Corp bought a new stake in shares of CyberArk Software during the fourth quarter valued at approximately $764,000. China Universal Asset Management Co. Ltd. bought a new stake in shares of CyberArk Software during the fourth quarter valued at approximately $1,166,000. Finally, Spire Wealth Management raised its holdings in shares of CyberArk Software by 236.8% during the fourth quarter. Spire Wealth Management now owns 4,756 shares of the technology company’s stock valued at $1,584,000 after buying an additional 3,344 shares during the last quarter. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Up 11.1 %

Shares of NASDAQ:CYBR opened at $350.19 on Thursday. The firm has a fifty day moving average of $357.61 and a two-hundred day moving average of $329.82. The firm has a market capitalization of $17.31 billion, a P/E ratio of -179.58 and a beta of 1.00. CyberArk Software Ltd. has a 12-month low of $223.41 and a 12-month high of $421.00.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data 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%. Equities research analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CYBR shares. Wells Fargo & Company raised their price objective on shares of CyberArk Software from $425.00 to $500.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Guggenheim reiterated a “buy” rating and set a $455.00 price objective on shares of CyberArk Software in a research note on Tuesday, February 25th. Rosenblatt Securities restated a “buy” rating and issued a $445.00 price target on shares of CyberArk Software in a research report on Wednesday, February 26th. Needham & Company LLC restated a “buy” rating and issued a $480.00 price target on shares of CyberArk Software in a research report on Thursday, March 20th. Finally, Scotiabank lifted their price target on shares of CyberArk Software from $340.00 to $400.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. Two equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $418.04.

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.