HighTower Advisors LLC Buys 645 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

HighTower Advisors LLC grew its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 4.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,123 shares of the technology company’s stock after purchasing an additional 645 shares during the quarter. HighTower Advisors LLC’s holdings in CyberArk Software were worth $5,038,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Coldstream Capital Management Inc. lifted its stake in CyberArk Software by 3.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company’s stock valued at $359,000 after acquiring an additional 42 shares in the last quarter. Montag A & Associates Inc. lifted its position in shares of CyberArk Software by 47.2% during the fourth 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 in the last quarter. Venturi Wealth Management LLC boosted its holdings in CyberArk Software by 6.9% during the fourth quarter. Venturi Wealth Management LLC now owns 805 shares of the technology company’s stock worth $268,000 after purchasing an additional 52 shares during the last quarter. Daiwa Securities Group Inc. grew its position in CyberArk Software by 1.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 3,827 shares of the technology company’s stock worth $1,275,000 after purchasing an additional 53 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in CyberArk Software by 12.7% in the 4th quarter. IFP Advisors Inc now owns 487 shares of the technology company’s stock valued at $162,000 after buying an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Performance

NASDAQ:CYBR opened at $348.35 on Thursday. The firm has a market capitalization of $17.22 billion, a price-to-earnings ratio of -178.64 and a beta of 1.06. The stock has a fifty day moving average of $363.96 and a 200 day moving average of $322.50. CyberArk Software Ltd. has a 52-week low of $223.41 and a 52-week high of $421.00.

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on CYBR. Cantor Fitzgerald restated an “overweight” rating and issued a $415.00 target price on shares of CyberArk Software in a research note on Monday, January 27th. DA Davidson restated a “buy” rating and issued a $475.00 price objective on shares of CyberArk Software in a research note on Tuesday, February 25th. Barclays lifted their target price on CyberArk Software from $375.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. StockNews.com lowered shares of CyberArk Software from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Finally, Guggenheim reaffirmed a “buy” rating and issued a $455.00 price objective on shares of CyberArk Software in a research report on Tuesday, February 25th. Two analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to MarketBeat.com, CyberArk Software has an average rating of “Moderate Buy” and a consensus price target of $418.15.

CyberArk Software Company 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.