MML Investors Services LLC Purchases 249 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

MML Investors Services LLC boosted its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 3.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,339 shares of the technology company’s stock after acquiring an additional 249 shares during the quarter. MML Investors Services LLC’s holdings in CyberArk Software were worth $2,432,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. 1620 Investment Advisors Inc. acquired a new position in shares of CyberArk Software during the 2nd quarter worth $39,000. Assetmark Inc. boosted its stake in shares of CyberArk Software by 1,025.0% in the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after purchasing an additional 123 shares in the last quarter. Arcadia Investment Management Corp MI grew its holdings 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 purchasing an additional 54 shares during the last quarter. Transcendent Capital Group LLC acquired a new position in shares of CyberArk Software during the third quarter worth $51,000. Finally, DT Investment Partners LLC acquired a new position in CyberArk Software in the 2nd quarter worth about $78,000. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CYBR has been the subject of a number of research reports. Wedbush raised their price objective on shares of CyberArk Software from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, October 1st. UBS Group increased their price objective on CyberArk Software from $340.00 to $360.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Scotiabank initiated coverage on shares of CyberArk Software in a research report on Monday, October 21st. They set a “sector outperform” rating and a $340.00 target price for the company. StockNews.com upgraded shares of CyberArk Software from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Finally, Jefferies Financial Group upped their target price on CyberArk Software from $315.00 to $330.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. One research analyst has rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $333.00.

CyberArk Software Trading Down 2.5 %

NASDAQ CYBR opened at $313.36 on Monday. The business has a fifty day simple moving average of $302.84 and a 200 day simple moving average of $278.70. CyberArk Software Ltd. has a 12 month low of $198.01 and a 12 month high of $333.32. The firm has a market capitalization of $13.65 billion, a P/E ratio of 1,160.64 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.48. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The company had revenue of $240.10 million for the quarter, compared to analyst estimates of $234.10 million. During the same period last year, the firm earned ($0.31) earnings per share. The firm’s revenue was up 25.6% on a year-over-year basis. As a group, sell-side analysts predict that CyberArk Software Ltd. will post -0.58 EPS for the current fiscal year.

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.