Hennion & Walsh Asset Management Inc. Acquires 1,075 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Hennion & Walsh Asset Management Inc. lifted its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 17.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,209 shares of the technology company’s stock after purchasing an additional 1,075 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in CyberArk Software were worth $2,402,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ensign Peak Advisors Inc acquired a new position in shares of CyberArk Software during the second quarter valued at about $711,000. HighTower Advisors LLC increased its position in CyberArk Software by 16.6% in the 3rd 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 in the last quarter. Sycomore Asset Management raised its stake in CyberArk Software by 36.6% during the 2nd quarter. Sycomore Asset Management now owns 60,781 shares of the technology company’s stock worth $15,973,000 after buying an additional 16,294 shares during the period. Groupama Asset Managment boosted its holdings in CyberArk Software by 0.5% in the third quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock worth $304,000 after acquiring an additional 5,402 shares in the last quarter. Finally, Jennison Associates LLC grew its stake in CyberArk Software by 0.8% in the third quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company’s stock valued at $353,386,000 after acquiring an additional 9,570 shares during the period. Institutional investors own 91.84% of the company’s stock.

Wall Street Analyst Weigh In

CYBR has been the topic of a number of recent research reports. UBS Group increased their target price on CyberArk Software from $340.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Wells Fargo & Company lifted their price objective on shares of CyberArk Software from $350.00 to $410.00 and gave the company an “overweight” rating in a report on Thursday, January 2nd. Barclays upped their target price on shares of CyberArk Software from $330.00 to $335.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Needham & Company LLC lifted their price target on CyberArk Software from $360.00 to $410.00 and gave the company a “buy” rating in a research note on Thursday, January 9th. Finally, Susquehanna increased their price objective on CyberArk Software from $320.00 to $345.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat, CyberArk Software has an average rating of “Moderate Buy” and a consensus target price of $353.93.

CyberArk Software Price Performance

Shares of NASDAQ CYBR opened at $352.22 on Friday. The stock has a market capitalization of $15.35 billion, a PE ratio of 1,304.57 and a beta of 1.13. CyberArk Software Ltd. has a one year low of $223.09 and a one year high of $363.00. The business’s fifty day moving average price is $324.09 and its 200-day moving average price is $292.75.

CyberArk Software (NASDAQ:CYBR) last issued 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 firm had revenue of $240.10 million during the quarter, compared to analyst estimates of $234.10 million. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The company’s quarterly revenue was up 25.6% on a year-over-year basis. During the same quarter last year, the business earned ($0.31) earnings per share. As a group, equities analysts expect that CyberArk Software Ltd. will post -0.58 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.