Resonant Capital Advisors LLC Purchases Shares of 685 CyberArk Software Ltd. (NASDAQ:CYBR)

Resonant Capital Advisors LLC bought a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 685 shares of the technology company’s stock, valued at approximately $228,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CYBR. Dimensional Fund Advisors LP boosted its stake in shares of CyberArk Software by 506.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,565 shares of the technology company’s stock worth $1,795,000 after acquiring an additional 5,483 shares during the period. Cetera Investment Advisers boosted its stake in CyberArk Software by 2.5% in the 2nd quarter. Cetera Investment Advisers now owns 11,733 shares of the technology company’s stock valued at $3,208,000 after purchasing an additional 281 shares during the period. Sanctuary Advisors LLC bought a new stake in CyberArk Software in the 2nd quarter valued at $2,380,000. Centaurus Financial Inc. bought a new stake in CyberArk Software in the 2nd quarter valued at $109,000. Finally, Diversified Trust Co boosted its stake in CyberArk Software by 3.1% in the 3rd quarter. Diversified Trust Co now owns 2,498 shares of the technology company’s stock valued at $728,000 after purchasing an additional 76 shares during the period. 91.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CYBR shares. Oppenheimer boosted their price target on CyberArk Software from $310.00 to $360.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada boosted their price target on CyberArk Software from $385.00 to $410.00 and gave the company an “outperform” rating in a research note on Tuesday, January 21st. Susquehanna boosted their price target on CyberArk Software from $320.00 to $345.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. lifted their price objective on CyberArk Software from $355.00 to $375.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Finally, KeyCorp lifted their price objective on CyberArk Software from $355.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat, CyberArk Software currently has a consensus rating of “Moderate Buy” and an average price target of $367.44.

CyberArk Software Trading Up 0.3 %

CYBR stock opened at $372.00 on Tuesday. The stock has a market capitalization of $16.21 billion, a PE ratio of 1,377.83 and a beta of 1.15. CyberArk Software Ltd. has a 12-month low of $223.09 and a 12-month high of $378.62. The stock’s 50 day simple moving average is $335.12 and its 200 day simple moving average is $299.49.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.48. The business had revenue of $240.10 million for the quarter, compared to analysts’ expectations of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The firm’s quarterly revenue was up 25.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.31) EPS. On average, research analysts predict that CyberArk Software Ltd. will post -0.58 earnings per share for the current 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.