Cetera Investment Advisers Has $3.21 Million Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Cetera Investment Advisers grew its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 2.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,733 shares of the technology company’s stock after purchasing an additional 281 shares during the quarter. Cetera Investment Advisers’ holdings in CyberArk Software were worth $3,208,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. G2 Investment Partners Management LLC bought a new position in CyberArk Software during the fourth quarter worth about $2,986,000. Contour Asset Management LLC bought a new stake in CyberArk Software in the fourth quarter valued at approximately $48,605,000. Cim LLC acquired a new stake in CyberArk Software in the fourth quarter worth $230,000. Virtu Financial LLC boosted its position in shares of CyberArk Software by 356.2% during the fourth quarter. Virtu Financial LLC now owns 9,508 shares of the technology company’s stock worth $2,083,000 after purchasing an additional 7,424 shares in the last quarter. Finally, Congress Asset Management Co. MA grew its holdings in shares of CyberArk Software by 37.5% in the 4th quarter. Congress Asset Management Co. MA now owns 38,752 shares of the technology company’s stock valued at $8,489,000 after buying an additional 10,568 shares during the period. 91.84% of the stock is currently owned by institutional investors.

CyberArk Software Price Performance

CYBR stock opened at $294.46 on Friday. CyberArk Software Ltd. has a one year low of $154.76 and a one year high of $294.89. The stock has a market cap of $12.44 billion, a price-to-earnings ratio of -460.09 and a beta of 1.12. The company has a fifty day moving average price of $275.01 and a two-hundred day moving average price of $259.81.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results on Thursday, August 8th. The technology company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.14. CyberArk Software had a negative net margin of 1.53% and a negative return on equity of 0.21%. The firm had revenue of $224.71 million for the quarter, compared to analysts’ expectations of $219.06 million. During the same period in the prior year, the firm earned ($0.58) EPS. The business’s revenue was up 27.8% on a year-over-year basis. Research analysts anticipate that CyberArk Software Ltd. will post -1.06 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CYBR has been the topic of several recent analyst reports. KeyCorp lifted their target price on CyberArk Software from $300.00 to $310.00 and gave the stock an “overweight” rating in a report on Friday, August 9th. Robert W. Baird boosted their price objective on CyberArk Software from $295.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Royal Bank of Canada assumed coverage on shares of CyberArk Software in a report on Friday, September 20th. They set an “outperform” rating and a $328.00 target price on the stock. Jefferies Financial Group upped their price target on shares of CyberArk Software from $315.00 to $330.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Finally, Wedbush increased their price objective on shares of CyberArk Software from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 1st. One research analyst has rated the stock with a hold rating and twenty-four have given a buy rating to the company. According to data from MarketBeat.com, CyberArk Software currently has an average rating of “Moderate Buy” and a consensus target price of $297.84.

CyberArk Software Company 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.