Assetmark Inc. Raises Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Assetmark Inc. increased its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 1,025.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 135 shares of the technology company’s stock after acquiring an additional 123 shares during the period. Assetmark Inc.’s holdings in CyberArk Software were worth $39,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mather Group LLC. bought a new position in shares of CyberArk Software in the second quarter worth about $27,000. ORG Partners LLC bought a new position in CyberArk Software during the second quarter valued at approximately $33,000. 1620 Investment Advisors Inc. purchased a new position in CyberArk Software during the 2nd quarter valued at approximately $39,000. Arcadia Investment Management Corp MI raised its holdings in shares of CyberArk Software by 42.2% during the 2nd quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock worth $50,000 after acquiring an additional 54 shares in the last quarter. Finally, DT Investment Partners LLC bought a new position in shares of CyberArk Software during the 2nd quarter valued at approximately $78,000. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on CYBR shares. Barclays boosted their target price on shares of CyberArk Software from $330.00 to $335.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Wedbush upped their price target on shares of CyberArk Software from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, October 1st. JMP Securities upped their target price on shares of CyberArk Software from $310.00 to $360.00 and gave the stock a “market outperform” rating in a research note on Thursday, November 14th. Mizuho lifted their price objective on CyberArk Software from $310.00 to $325.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Finally, Jefferies Financial Group increased their price objective on shares of CyberArk Software from $315.00 to $330.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. One analyst has rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $328.37.

CyberArk Software Stock Up 0.2 %

CyberArk Software stock opened at $305.74 on Tuesday. The company has a market capitalization of $13.32 billion, a price-to-earnings ratio of 1,148.19 and a beta of 1.13. CyberArk Software Ltd. has a 52 week low of $186.96 and a 52 week high of $318.16. The stock has a 50-day moving average price of $285.06 and a 200 day moving average price of $267.50.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, topping 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 business had revenue of $240.10 million for the quarter, compared to analyst estimates of $234.10 million. During the same period in the prior year, the company posted ($0.31) EPS. The company’s revenue for the quarter was up 25.6% on a year-over-year basis. Research analysts anticipate that CyberArk Software Ltd. will post -0.99 EPS 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.