Diversify Wealth Management LLC Acquires 988 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Diversify Wealth Management LLC lifted its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 44.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,218 shares of the technology company’s stock after purchasing an additional 988 shares during the period. Diversify Wealth Management LLC’s holdings in CyberArk Software were worth $1,106,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Dimensional Fund Advisors LP grew its position in shares of CyberArk Software by 506.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,565 shares of the technology company’s stock worth $1,795,000 after buying an additional 5,483 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in CyberArk Software by 16.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,868 shares of the technology company’s stock valued at $783,000 after purchasing an additional 399 shares during the period. Sei Investments Co. increased its stake in CyberArk Software by 6.1% in the second quarter. Sei Investments Co. now owns 105,583 shares of the technology company’s stock valued at $28,868,000 after purchasing an additional 6,113 shares in the last quarter. Ensign Peak Advisors Inc acquired a new stake in CyberArk Software in the second quarter worth $711,000. Finally, Hood River Capital Management LLC boosted its position in shares of CyberArk Software by 59.2% during the second quarter. Hood River Capital Management LLC now owns 223,584 shares of the technology company’s stock worth $61,132,000 after purchasing an additional 83,172 shares in the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Price Performance

NASDAQ:CYBR opened at $352.22 on Tuesday. The company has a market cap of $15.35 billion, a P/E ratio of 1,304.57 and a beta of 1.13. The firm’s fifty day moving average price is $325.25 and its two-hundred day moving average price is $293.63. CyberArk Software Ltd. has a one year low of $223.09 and a one year high of $363.00.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share 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 firm had revenue of $240.10 million for the quarter, compared to analysts’ expectations of $234.10 million. During the same period in the prior year, the firm earned ($0.31) EPS. The business’s revenue was up 25.6% on a year-over-year basis. As a group, equities research analysts expect that CyberArk Software Ltd. will post -0.58 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on CYBR shares. Mizuho upped their price objective on shares of CyberArk Software from $345.00 to $365.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Oppenheimer raised their price target on CyberArk Software from $310.00 to $360.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Canaccord Genuity Group boosted their price objective on CyberArk Software from $310.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Stifel Nicolaus raised their target price on shares of CyberArk Software from $335.00 to $370.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, Wedbush upped their price target on shares of CyberArk Software from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, October 1st. One research analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $353.93.

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.