Congress Asset Management Co. Increases Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Congress Asset Management Co. lifted its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 17.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 82,329 shares of the technology company’s stock after acquiring an additional 12,072 shares during the quarter. Congress Asset Management Co.’s holdings in CyberArk Software were worth $27,428,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CYBR. Thurston Springer Miller Herd & Titak Inc. purchased a new position in CyberArk Software in the fourth quarter valued at approximately $25,000. Assetmark Inc. lifted its stake in CyberArk Software by 1,025.0% in the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after purchasing an additional 123 shares during the last quarter. Brown Lisle Cummings Inc. purchased a new position in CyberArk Software in the fourth quarter valued at approximately $50,000. Transcendent Capital Group LLC purchased a new position in CyberArk Software in the third quarter valued at approximately $51,000. Finally, Kieckhefer Group LLC bought a new stake in CyberArk Software during the 4th quarter valued at $67,000. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Down 0.2 %

NASDAQ CYBR opened at $413.31 on Monday. The company has a 50-day simple moving average of $347.91 and a two-hundred day simple moving average of $308.53. CyberArk Software Ltd. has a 12-month low of $223.09 and a 12-month high of $419.49. The firm has a market cap of $18.01 billion, a price-to-earnings ratio of 1,530.83 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. Equities analysts expect that CyberArk Software Ltd. will post -0.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CYBR has been the topic of a number of analyst reports. Canaccord Genuity Group boosted their target price on shares of CyberArk Software from $330.00 to $440.00 and gave the company a “buy” rating in a report on Friday. Barclays boosted their target price on shares of CyberArk Software from $375.00 to $450.00 and gave the company an “overweight” rating in a report on Friday. Piper Sandler boosted their target price on shares of CyberArk Software from $380.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Truist Financial boosted their target price on shares of CyberArk Software from $385.00 to $450.00 and gave the company a “buy” rating in a report on Friday. Finally, Morgan Stanley boosted their target price on shares of CyberArk Software from $316.00 to $390.00 and gave the company an “equal weight” rating in a report on Friday. Two analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $401.67.

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.