Raymond James & Associates increased its position in CyberArk Software Ltd. (NASDAQ:CYBR – Get Rating) by 24.1% in the third quarter, according to its latest filings with the Securities and Exchange Commission. Institutional investors owned 15,509 shares in technology companies after purchasing another 3,007 shares during the quarter. His Cyber Ark Software holding in Raymond James & Associates made him worth $2,325,000 at the end of the most recent quarter.
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Other hedge funds and other institutional investors have also recently changed their holdings in the company. Private Trust Co. NA purchased a new stake in his Cyber Ark Software worth approximately $36,000 in the second quarter. Heritage Wealth Management LLC purchased a new stake in his Cyber Ark Software worth approximately $40,000 in the second quarter. Silvant Capital Management LLC purchased new CyberArk Software stock worth approximately $53,000 in the second quarter. Covestor Ltd purchased new CyberArk Software shares valued at approximately $73,000 in the first quarter. Finally, Quadrant Capital Group LLC increased his Cyber Ark Software holdings by 14.3% in the second quarter. Quadrant Capital Group LLC now owns 630 shares worth $81,000 in technology companies after acquiring an additional 79 shares during this period. 91.52% of the shares are currently owned by hedge funds and other institutional investors.
CyberArk Software Inventory Increased by 6.0%
CYBR shares opened at $131.61 on Monday. CyberArk Software Ltd. has a 12-month low of $100.35 and a 12-month high of $180.01. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt to equity ratio of 0.87. The company has a market capitalization of $5.36 billion, a PE ratio of -42.59 and a beta of 1.04. His 50-day moving average for this business is $135.51 and his 200-day moving average is $141.56.
CyberArk Software (NASDAQ:CYBR – Get Rating) last published its quarterly earnings data on Thursday, November 3rd. The tech company reported his earnings per share ($0.67) for the quarter, beating analyst consensus expectations ($0.90) by $0.23. CyberArk Software’s return on equity was 16.23% and net profit margin was 21.79%. The company’s revenue for the quarter was $152.67 million, compared with analyst estimates of $151.18 million. On average, research analysts expect CyberArk Software Ltd. to report -3.43 EPS for the current financial year.
Wall Street Analyst Predicts Growth
Recently, several equity research analysts have taken note of the CYBR stock. Robert W. Baird restated his “outperform” rating and set a $182.00 price target on CyberArk Software’s stock in a report on Wednesday, October 19th. Piper Sandler lowered CyberArk Software’s target price from $190.00 to $160.00 in a report on Thursday, January 5th. Barclays has lowered Cyber Ark Software’s target price from $168.00 to $150.00, giving the company an “overweight” rating in its Wednesday, January 11 report. DA Davidson took on coverage of CyberArk Software in a report on Thursday, December 15th. They issued a “Buy” rating and a firm price target of $175.00. Finally, Cowen took on coverage of Cyber Ark software in his Thursday, September 29th report. They gave the company an “outperform” rating, with four Research analysts rating the stock as a hold and 19 as a buy. According to MarketBeat, CyberArk Software’s current consensus rating is a “medium buy” with a consensus target price of $172.39.
About CyberArk Software
CyberArk Software Ltd., together with its subsidiaries, develops, markets and sells software-based security solutions and services in the United States, Europe, Middle East, Africa and internationally. Its solutions include Privileged Access Manager, which provides risk-based credential security and session management to protect against attacks involving privileged access. Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide fast, easy, and secure privileged access to third-party vendors. Endpoint Privilege Manager, a SaaS solution that protects entitlements on endpoints. Cloud Entitlements Manager is his SaaS solution that implements least privilege across cloud environments to reduce the risk from over-entitlement.
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