Brown Lisle Cummings Inc. Invests $50,000 in CyberArk Software Ltd. (NASDAQ:CYBR)

Brown Lisle Cummings Inc. acquired a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 150 shares of the technology company’s stock, valued at approximately $50,000.

A number of other hedge funds have also bought and sold shares of CYBR. HighTower Advisors LLC grew its holdings in CyberArk Software by 16.6% during the 3rd quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company’s stock worth $4,212,000 after acquiring an additional 2,062 shares during the period. Groupama Asset Managment increased its holdings in CyberArk Software by 0.5% in the third quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock worth $304,000 after purchasing an additional 5,402 shares in the last quarter. Jennison Associates LLC lifted its stake in CyberArk Software by 0.8% in the third quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company’s stock valued at $353,386,000 after buying an additional 9,570 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of CyberArk Software during the 3rd quarter worth approximately $8,612,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of CyberArk Software during the 3rd quarter worth approximately $82,485,000. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Up 1.1 %

Shares of CYBR stock opened at $376.21 on Wednesday. CyberArk Software Ltd. has a 12-month low of $223.09 and a 12-month high of $378.78. The company has a 50 day moving average of $337.03 and a 200-day moving average of $301.09. The firm has a market cap of $16.39 billion, a P/E ratio of 1,393.42 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.46 by $0.48. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The business had revenue of $240.10 million for the quarter, compared to the consensus estimate of $234.10 million. During the same period in the prior year, the firm earned ($0.31) earnings per share. The company’s revenue was up 25.6% compared to the same quarter last year. As a group, equities analysts expect that CyberArk Software Ltd. will post -0.58 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Needham & Company LLC boosted their target price on shares of CyberArk Software from $360.00 to $410.00 and gave the company a “buy” rating in a research report on Thursday, January 9th. Citigroup increased their price objective on shares of CyberArk Software from $355.00 to $410.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Truist Financial boosted their target price on CyberArk Software from $350.00 to $385.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Barclays increased their price target on CyberArk Software from $330.00 to $335.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Finally, Royal Bank of Canada boosted their price objective on CyberArk Software from $385.00 to $410.00 and gave the company an “outperform” rating in a report on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat, CyberArk Software presently has a consensus rating of “Moderate Buy” and an average price target of $367.44.

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.