MAI Capital Management Raises Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

MAI Capital Management boosted its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 21.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,699 shares of the technology company’s stock after acquiring an additional 475 shares during the period. MAI Capital Management’s holdings in CyberArk Software were worth $787,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Greenleaf Trust lifted its stake in CyberArk Software by 2.5% during the third quarter. Greenleaf Trust now owns 1,829 shares of the technology company’s stock worth $533,000 after purchasing an additional 45 shares during the last quarter. Signaturefd LLC raised its holdings in CyberArk Software by 4.2% during the third quarter. Signaturefd LLC now owns 1,206 shares of the technology company’s stock worth $352,000 after purchasing an additional 49 shares in the last quarter. Austin Private Wealth LLC lifted its position in shares of CyberArk Software by 6.8% during the 3rd quarter. Austin Private Wealth LLC now owns 815 shares of the technology company’s stock worth $238,000 after buying an additional 52 shares during the last quarter. Arcadia Investment Management Corp MI boosted its holdings in shares of CyberArk Software by 42.2% in the 2nd quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock valued at $50,000 after buying an additional 54 shares in the last quarter. Finally, Juncture Wealth Strategies LLC grew its position in shares of CyberArk Software by 2.1% in the 3rd quarter. Juncture Wealth Strategies LLC now owns 2,830 shares of the technology company’s stock valued at $825,000 after buying an additional 57 shares during the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CYBR. Jefferies Financial Group boosted their price target on shares of CyberArk Software from $315.00 to $330.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Susquehanna upped their target price on CyberArk Software from $320.00 to $345.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. Cantor Fitzgerald restated an “overweight” rating and set a $335.00 price target on shares of CyberArk Software in a research note on Thursday, November 14th. Wedbush boosted their price objective on CyberArk Software from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, October 1st. Finally, Scotiabank assumed coverage on shares of CyberArk Software in a research report on Monday, October 21st. They set a “sector outperform” rating and a $340.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and twenty-six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $328.37.

CyberArk Software Stock Up 3.9 %

Shares of NASDAQ CYBR opened at $329.15 on Friday. The stock has a market capitalization of $14.34 billion, a price-to-earnings ratio of 1,219.07 and a beta of 1.13. CyberArk Software Ltd. has a 52 week low of $189.44 and a 52 week high of $332.05. The firm has a 50-day moving average price of $288.08 and a 200 day moving average price of $268.96.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.48. The company had revenue of $240.10 million during the quarter, compared to the consensus estimate of $234.10 million. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The company’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same period last year, the firm earned ($0.31) EPS. Equities research analysts expect that CyberArk Software Ltd. will post -0.95 EPS for the current fiscal 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.