CyberArk Software Ltd. (NASDAQ:CYBR) Stock Holdings Lowered by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC trimmed its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 8.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,015 shares of the technology company’s stock after selling 187 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in CyberArk Software were worth $587,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CYBR. Russell Investments Group Ltd. raised its holdings in shares of CyberArk Software by 58.3% during the first quarter. Russell Investments Group Ltd. now owns 33,255 shares of the technology company’s stock valued at $8,830,000 after acquiring an additional 12,242 shares during the period. Quadrature Capital Ltd acquired a new stake in CyberArk Software during the first quarter valued at $2,741,000. Price T Rowe Associates Inc. MD grew its stake in CyberArk Software by 715.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 56,262 shares of the technology company’s stock valued at $14,946,000 after purchasing an additional 49,360 shares in the last quarter. Ensign Peak Advisors Inc acquired a new position in CyberArk Software in the 2nd quarter worth about $711,000. Finally, 1832 Asset Management L.P. lifted its holdings in shares of CyberArk Software by 1,291.7% during the 1st quarter. 1832 Asset Management L.P. now owns 386,365 shares of the technology company’s stock valued at $102,630,000 after buying an additional 358,602 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Stock Performance

NASDAQ:CYBR opened at $296.20 on Friday. The company has a 50-day moving average of $282.60 and a 200-day moving average of $264.74. CyberArk Software Ltd. has a 52 week low of $181.02 and a 52 week high of $308.63. The company has a market capitalization of $12.91 billion, a price-to-earnings ratio of -925.63 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Thursday, August 8th. The technology company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.14. CyberArk Software had a negative net margin of 1.53% and a negative return on equity of 0.21%. The firm had revenue of $224.71 million during the quarter, compared to analysts’ expectations of $219.06 million. During the same quarter last year, the company earned ($0.58) earnings per share. The company’s revenue for the quarter was up 27.8% compared to the same quarter last year. Sell-side analysts forecast that CyberArk Software Ltd. will post -1.05 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CYBR shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $310.00 price objective on shares of CyberArk Software in a research note on Tuesday, August 6th. Oppenheimer increased their price objective on CyberArk Software from $310.00 to $360.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Susquehanna raised their price objective on CyberArk Software from $310.00 to $320.00 and gave the company a “positive” rating in a research note on Friday, August 9th. JMP Securities reaffirmed a “market outperform” rating and set a $310.00 target price on shares of CyberArk Software in a research report on Monday. Finally, BTIG Research lifted their price target on shares of CyberArk Software from $310.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $311.44.

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.