First Trust Advisors LP Boosts Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

First Trust Advisors LP increased its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 2.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 939,768 shares of the technology company’s stock after purchasing an additional 20,832 shares during the quarter. First Trust Advisors LP owned approximately 2.16% of CyberArk Software worth $313,084,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of CyberArk Software during the fourth quarter valued at approximately $25,000. TD Private Client Wealth LLC lifted its position in shares of CyberArk Software by 79.1% in the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock worth $26,000 after purchasing an additional 34 shares during the period. Plato Investment Management Ltd bought a new stake in shares of CyberArk Software during the 4th quarter valued at about $39,000. Graney & King LLC bought a new stake in shares of CyberArk Software during the 4th quarter valued at about $43,000. Finally, Montag A & Associates Inc. increased its position in shares of CyberArk Software by 47.2% during the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock valued at $44,000 after buying an additional 42 shares during the period. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Down 1.6 %

CYBR opened at $325.84 on Friday. CyberArk Software Ltd. has a twelve month low of $223.41 and a twelve month high of $421.00. The stock has a market capitalization of $16.11 billion, a price-to-earnings ratio of -167.10 and a beta of 1.00. The firm has a 50 day moving average price of $351.30 and a 200-day moving average price of $331.98.

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

Analyst Ratings Changes

Several analysts have weighed in on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $420.00 price objective on shares of CyberArk Software in a research report on Friday, April 11th. Rosenblatt Securities restated a “buy” rating and set a $445.00 price target on shares of CyberArk Software in a research report on Wednesday, February 26th. JMP Securities increased their price objective on CyberArk Software from $390.00 to $480.00 and gave the stock a “market outperform” rating in a report on Friday, February 14th. DA Davidson dropped their target price on shares of CyberArk Software from $475.00 to $415.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. increased their price target on shares of CyberArk Software from $375.00 to $431.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Two analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, CyberArk Software currently has an average rating of “Moderate Buy” and an average target price of $412.14.

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.