Glenview Trust co Purchases Shares of 677 CyberArk Software Ltd. (NASDAQ:CYBR)

Glenview Trust co purchased a new stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 677 shares of the technology company’s stock, valued at approximately $226,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Corient Private Wealth LLC grew its holdings in CyberArk Software by 16.9% during the fourth quarter. Corient Private Wealth LLC now owns 7,194 shares of the technology company’s stock valued at $2,397,000 after purchasing an additional 1,039 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in CyberArk Software by 16.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,274 shares of the technology company’s stock valued at $1,091,000 after purchasing an additional 471 shares during the last quarter. Natixis Advisors LLC grew its holdings in CyberArk Software by 6.1% during the fourth quarter. Natixis Advisors LLC now owns 64,912 shares of the technology company’s stock valued at $21,625,000 after purchasing an additional 3,759 shares during the last quarter. Hilton Capital Management LLC grew its holdings in CyberArk Software by 4.9% during the fourth quarter. Hilton Capital Management LLC now owns 7,053 shares of the technology company’s stock valued at $2,350,000 after purchasing an additional 327 shares during the last quarter. Finally, LBP AM SA grew its holdings in CyberArk Software by 196.0% during the fourth quarter. LBP AM SA now owns 26,972 shares of the technology company’s stock valued at $8,986,000 after purchasing an additional 17,861 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on CYBR shares. Royal Bank of Canada increased their price target on CyberArk Software from $385.00 to $410.00 and gave the company an “outperform” rating in a report on Tuesday, January 21st. Scotiabank raised their price objective on shares of CyberArk Software from $340.00 to $400.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, January 21st. DA Davidson restated a “buy” rating and issued a $475.00 price objective on shares of CyberArk Software in a research note on Tuesday, February 25th. Needham & Company LLC restated a “buy” rating and issued a $480.00 price objective on shares of CyberArk Software in a research note on Wednesday, February 26th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $415.00 price objective on shares of CyberArk Software in a research note on Monday, January 27th. Two analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $418.15.

CyberArk Software Stock Performance

Shares of NASDAQ:CYBR opened at $344.87 on Wednesday. CyberArk Software Ltd. has a 52 week low of $223.41 and a 52 week high of $421.00. The company’s fifty day moving average is $363.88 and its 200-day moving average is $322.32. The company has a market capitalization of $17.05 billion, a PE ratio of -176.86 and a beta of 1.06.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing the consensus estimate 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%. On average, analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current year.

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.