Desjardins Global Asset Management Inc. Acquires 51 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Desjardins Global Asset Management Inc. grew its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 22.1% during the 4th quarter, Holdings Channel reports. The fund owned 282 shares of the technology company’s stock after buying an additional 51 shares during the period. Desjardins Global Asset Management Inc.’s holdings in CyberArk Software were worth $62,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. HighTower Advisors LLC raised its position in CyberArk Software by 1.1% in the third quarter. HighTower Advisors LLC now owns 5,476 shares of the technology company’s stock worth $894,000 after acquiring an additional 60 shares during the period. Wealth Alliance increased its stake in shares of CyberArk Software by 2.6% in the fourth quarter. Wealth Alliance now owns 2,399 shares of the technology company’s stock worth $526,000 after purchasing an additional 60 shares in the last quarter. Regal Investment Advisors LLC increased its stake in shares of CyberArk Software by 1.6% in the third quarter. Regal Investment Advisors LLC now owns 3,911 shares of the technology company’s stock worth $641,000 after purchasing an additional 61 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of CyberArk Software by 2.3% in the third quarter. PNC Financial Services Group Inc. now owns 2,772 shares of the technology company’s stock worth $454,000 after purchasing an additional 63 shares in the last quarter. Finally, Sheets Smith Wealth Management increased its stake in shares of CyberArk Software by 2.5% in the third quarter. Sheets Smith Wealth Management now owns 2,778 shares of the technology company’s stock worth $455,000 after purchasing an additional 68 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CYBR has been the subject of a number of analyst reports. UBS Group increased their price objective on shares of CyberArk Software from $215.00 to $260.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Oppenheimer increased their price objective on shares of CyberArk Software from $195.00 to $260.00 and gave the stock an “outperform” rating in a research note on Monday, January 8th. KeyCorp increased their price objective on shares of CyberArk Software from $274.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, February 9th. Wells Fargo & Company increased their price objective on shares of CyberArk Software from $250.00 to $275.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $300.00 target price on shares of CyberArk Software in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $258.54.

CyberArk Software Stock Down 1.4 %

Shares of NASDAQ:CYBR opened at $233.71 on Friday. CyberArk Software Ltd. has a 52 week low of $120.11 and a 52 week high of $283.00. The stock has a market capitalization of $9.88 billion, a P/E ratio of -144.27 and a beta of 1.05. The firm has a fifty day simple moving average of $258.35 and a two-hundred day simple moving average of $220.63.

CyberArk Software (NASDAQ:CYBR) last released its earnings results on Thursday, February 8th. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.53. The firm had revenue of $223.10 million during the quarter, compared to analyst estimates of $209.65 million. CyberArk Software had a negative net margin of 8.84% and a negative return on equity of 8.23%. On average, analysts expect that CyberArk Software Ltd. will post -1.46 earnings per share for the current year.

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.