Level Four Advisory Services LLC Buys 497 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Level Four Advisory Services LLC boosted its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 9.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,916 shares of the technology company’s stock after purchasing an additional 497 shares during the period. Level Four Advisory Services LLC’s holdings in CyberArk Software were worth $1,971,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of CYBR. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of CyberArk Software in the 4th quarter valued at approximately $25,000. TD Private Client Wealth LLC lifted its stake in CyberArk Software by 79.1% in the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock valued at $26,000 after acquiring an additional 34 shares during the last quarter. Plato Investment Management Ltd bought a new position in shares of CyberArk Software in the 4th quarter valued at about $39,000. Graney & King LLC acquired a new position in shares of CyberArk Software during the 4th quarter worth about $43,000. Finally, Montag A & Associates Inc. raised its holdings in shares of CyberArk Software by 47.2% in the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock valued at $44,000 after purchasing an additional 42 shares during the period. 91.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CYBR. Barclays boosted their price target on CyberArk Software from $375.00 to $450.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Guggenheim restated a “buy” rating and issued a $455.00 price target on shares of CyberArk Software in a research note on Tuesday, February 25th. Citigroup raised their price target on CyberArk Software from $410.00 to $450.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $480.00 price objective on shares of CyberArk Software in a report on Thursday, March 20th. Finally, Oppenheimer raised their target price on shares of CyberArk Software from $360.00 to $420.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Two research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $418.15.

CyberArk Software Price Performance

Shares of CYBR opened at $335.74 on Friday. The firm has a 50 day simple moving average of $364.16 and a two-hundred day simple moving average of $326.24. The company has a market cap of $16.59 billion, a P/E ratio of -172.17 and a beta of 1.06. CyberArk Software Ltd. has a one year low of $223.41 and a one year high of $421.00.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. On average, analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

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.