Weatherly Asset Management L. P. Has $12.86 Million Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Weatherly Asset Management L. P. lessened its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 3.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 58,695 shares of the technology company’s stock after selling 1,940 shares during the period. CyberArk Software comprises approximately 1.4% of Weatherly Asset Management L. P.’s holdings, making the stock its 19th biggest holding. Weatherly Asset Management L. P.’s holdings in CyberArk Software were worth $12,857,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Desjardins Global Asset Management Inc. lifted its position in CyberArk Software by 22.1% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 282 shares of the technology company’s stock worth $62,000 after buying an additional 51 shares in the last quarter. Signaturefd LLC lifted its position in CyberArk Software by 6.6% during the 4th quarter. Signaturefd LLC now owns 868 shares of the technology company’s stock worth $190,000 after buying an additional 54 shares in the last quarter. HighTower Advisors LLC lifted its position in CyberArk Software by 1.1% during the 3rd quarter. HighTower Advisors LLC now owns 5,476 shares of the technology company’s stock worth $894,000 after buying an additional 60 shares in the last quarter. Wealth Alliance lifted its position in CyberArk Software by 2.6% during the 4th quarter. Wealth Alliance now owns 2,399 shares of the technology company’s stock worth $526,000 after buying an additional 60 shares in the last quarter. Finally, Regal Investment Advisors LLC lifted its position in CyberArk Software by 1.6% during the 3rd quarter. Regal Investment Advisors LLC now owns 3,911 shares of the technology company’s stock worth $641,000 after buying an additional 61 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Trading Up 2.3 %

CyberArk Software stock traded up $5.45 during midday trading on Tuesday, reaching $240.11. The company’s stock had a trading volume of 508,177 shares, compared to its average volume of 578,807. CyberArk Software Ltd. has a 52 week low of $120.11 and a 52 week high of $283.00. The business has a 50-day moving average price of $257.63 and a 200-day moving average price of $222.06. The stock has a market cap of $10.15 billion, a PE ratio of -144.85 and a beta of 1.05.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Thursday, February 8th. The technology company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.53. CyberArk Software had a negative return on equity of 8.23% and a negative net margin of 8.84%. The company had revenue of $223.10 million for the quarter, compared to analyst estimates of $209.65 million. As a group, research analysts predict that CyberArk Software Ltd. will post -1.46 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on CYBR shares. BTIG Research started coverage on shares of CyberArk Software in a research report on Thursday, March 28th. They set a “buy” rating and a $317.00 target price on the stock. Susquehanna upped their target price on shares of CyberArk Software from $255.00 to $310.00 and gave the company a “positive” rating in a research report on Friday, February 9th. Mizuho upped their target price on shares of CyberArk Software from $250.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Morgan Stanley downgraded shares of CyberArk Software from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $195.00 to $240.00 in a research report on Tuesday, January 9th. Finally, UBS Group upped their price target on CyberArk Software from $215.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Two equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $258.54.

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.