HighPoint Advisor Group LLC Grows Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

HighPoint Advisor Group LLC grew its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 19.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,215 shares of the technology company’s stock after purchasing an additional 359 shares during the quarter. HighPoint Advisor Group LLC’s holdings in CyberArk Software were worth $738,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in CyberArk Software in the 4th quarter worth about $25,000. TD Private Client Wealth LLC lifted its holdings in shares of CyberArk Software by 79.1% during the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock worth $26,000 after acquiring an additional 34 shares during the period. Plato Investment Management Ltd acquired a new stake in shares of CyberArk Software in the fourth quarter worth approximately $39,000. Graney & King LLC purchased a new stake in CyberArk Software in the fourth quarter valued at approximately $43,000. Finally, Montag A & Associates Inc. increased its position in CyberArk Software by 47.2% during the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock worth $44,000 after purchasing an additional 42 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Stock Up 3.0 %

CYBR stock opened at $348.26 on Wednesday. The stock’s 50 day moving average is $363.73 and its two-hundred day moving average is $327.66. CyberArk Software Ltd. has a 52-week low of $223.41 and a 52-week high of $421.00. The company has a market capitalization of $17.21 billion, a PE ratio of -178.59 and a beta of 1.06.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results 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 positive return on equity of 0.45% and a negative net margin of 9.34%. As a group, sell-side analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Citigroup lifted their price target on shares of CyberArk Software from $410.00 to $450.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Barclays lifted their target price on CyberArk Software from $375.00 to $450.00 and gave the company an “overweight” rating in a report on Friday, February 14th. DA Davidson restated a “buy” rating and set a $475.00 price target on shares of CyberArk Software in a research note on Tuesday, February 25th. Piper Sandler lifted their price objective on CyberArk Software from $380.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Finally, Oppenheimer boosted their target price on CyberArk Software from $360.00 to $420.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Two analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat, CyberArk Software currently has a consensus rating of “Moderate Buy” and a consensus target price of $418.04.

About CyberArk Software

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.