West Tower Group LLC Has $233,000 Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

West Tower Group LLC boosted its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 60.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 800 shares of the technology company’s stock after acquiring an additional 300 shares during the period. West Tower Group LLC’s holdings in CyberArk Software were worth $233,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its holdings in CyberArk Software by 715.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 56,262 shares of the technology company’s stock valued at $14,946,000 after acquiring an additional 49,360 shares during the last quarter. Ensign Peak Advisors Inc bought a new position in CyberArk Software in the second quarter valued at about $711,000. Sycomore Asset Management boosted its holdings in CyberArk Software by 36.6% in the second quarter. Sycomore Asset Management now owns 60,781 shares of the technology company’s stock valued at $15,973,000 after acquiring an additional 16,294 shares during the last quarter. California State Teachers Retirement System boosted its holdings in CyberArk Software by 11.1% in the first quarter. California State Teachers Retirement System now owns 37,875 shares of the technology company’s stock valued at $10,061,000 after acquiring an additional 3,782 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in CyberArk Software by 527.2% in the first quarter. Cetera Investment Advisers now owns 11,452 shares of the technology company’s stock valued at $3,042,000 after acquiring an additional 9,626 shares during the last quarter. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Up 1.5 %

NASDAQ:CYBR opened at $324.37 on Tuesday. The firm has a market capitalization of $14.13 billion, a price-to-earnings ratio of 1,201.41 and a beta of 1.13. CyberArk Software Ltd. has a twelve month low of $191.56 and a twelve month high of $332.05. The stock’s 50 day moving average price is $291.19 and its two-hundred day moving average price is $271.08.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.48. The business had revenue of $240.10 million for the quarter, compared to analyst estimates of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The firm’s revenue was up 25.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.31) EPS. As a group, analysts anticipate that CyberArk Software Ltd. will post -0.62 earnings per share for the current year.

Analysts Set New Price Targets

CYBR has been the topic of several recent research reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $335.00 price target on shares of CyberArk Software in a report on Thursday, November 14th. Robert W. Baird raised their target price on CyberArk Software from $315.00 to $355.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. KeyCorp raised their target price on CyberArk Software from $340.00 to $355.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. BTIG Research raised their target price on CyberArk Software from $310.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, Piper Sandler raised their target price on CyberArk Software from $300.00 to $345.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and twenty-six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $328.37.

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.