Raymond James Financial Inc. Acquires Shares of 54,349 CyberArk Software Ltd. (NASDAQ:CYBR)

Raymond James Financial Inc. acquired a new stake in CyberArk Software Ltd. (NASDAQ:CYBR) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 54,349 shares of the technology company’s stock, valued at approximately $18,106,000. Raymond James Financial Inc. owned 0.12% of CyberArk Software at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. bought a new stake in CyberArk Software in the fourth quarter valued at $25,000. Assetmark Inc. grew its holdings in shares of CyberArk Software by 1,025.0% in the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after purchasing an additional 123 shares during the last quarter. Plato Investment Management Ltd acquired a new stake in shares of CyberArk Software during the 4th quarter worth about $39,000. Montag A & Associates Inc. increased its position in shares of CyberArk Software by 47.2% during the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock worth $44,000 after purchasing an additional 42 shares in the last quarter. Finally, Brown Lisle Cummings Inc. bought a new position in CyberArk Software during the 4th quarter valued at about $50,000. 91.84% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Stock Up 2.1 %

Shares of CYBR stock opened at $346.44 on Tuesday. CyberArk Software Ltd. has a 12-month low of $223.41 and a 12-month high of $421.00. The firm has a fifty day moving average of $363.86 and a 200-day moving average of $321.91. The firm has a market capitalization of $17.12 billion, a price-to-earnings ratio of -177.66 and a beta of 1.06.

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CYBR. Needham & Company LLC reaffirmed a “buy” rating and set a $480.00 price objective on shares of CyberArk Software in a research note on Wednesday, February 26th. Canaccord Genuity Group lifted their price objective on CyberArk Software from $330.00 to $440.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Oppenheimer raised their target price on CyberArk Software from $360.00 to $420.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. JMP Securities increased their price objective on shares of CyberArk Software from $390.00 to $480.00 and gave the stock a “market outperform” rating in a report on Friday, February 14th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $415.00 target price on shares of CyberArk Software in a research note on Monday, January 27th. Two equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $418.15.

CyberArk Software 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.