Congress Wealth Management LLC DE Buys 1,365 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Congress Wealth Management LLC DE lifted its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 8.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,080 shares of the technology company’s stock after acquiring an additional 1,365 shares during the quarter. Congress Wealth Management LLC DE’s holdings in CyberArk Software were worth $6,023,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted its stake in shares of CyberArk Software by 16.6% during 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. Groupama Asset Managment lifted its position in shares of CyberArk Software by 0.5% in the third quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock valued at $304,000 after acquiring an additional 5,402 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of CyberArk Software in the third quarter worth about $8,612,000. CHURCHILL MANAGEMENT Corp bought a new position in shares of CyberArk Software in the fourth quarter worth about $764,000. Finally, China Universal Asset Management Co. Ltd. purchased a new stake in shares of CyberArk Software during the fourth quarter worth about $1,166,000. 91.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CYBR has been the topic of a number of research analyst reports. Scotiabank boosted their price target on CyberArk Software from $340.00 to $400.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 21st. Morgan Stanley began coverage on shares of CyberArk Software in a report on Tuesday, March 18th. They issued an “equal weight” rating on the stock. Wells Fargo & Company raised their target price 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. Cantor Fitzgerald reiterated an “overweight” rating and issued a $415.00 price target on shares of CyberArk Software in a research note on Monday, January 27th. Finally, Mizuho raised their price objective on CyberArk Software from $345.00 to $365.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Two investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $418.15.

CyberArk Software Price Performance

Shares of NASDAQ:CYBR opened at $358.28 on Wednesday. The business has a 50 day simple moving average of $364.76 and a two-hundred day simple moving average of $324.98. CyberArk Software Ltd. has a 1 year low of $223.41 and a 1 year high of $421.00. The firm has a market capitalization of $17.71 billion, a PE ratio of -183.73 and a beta of 1.06.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 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.