Baird Financial Group Inc. Buys 3,891 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Baird Financial Group Inc. increased its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 38.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,048 shares of the technology company's stock after purchasing an additional 3,891 shares during the quarter. Baird Financial Group Inc.'s holdings in CyberArk Software were worth $4,680,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CYBR. Balyasny Asset Management L.P. lifted its holdings in shares of CyberArk Software by 60.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 151,720 shares of the technology company's stock worth $50,546,000 after acquiring an additional 56,937 shares during the last quarter. Bamco Inc. NY lifted its stake in CyberArk Software by 16.5% in the 4th quarter. Bamco Inc. NY now owns 262,597 shares of the technology company's stock valued at $87,484,000 after purchasing an additional 37,154 shares during the last quarter. Benjamin Edwards Inc. lifted its stake in CyberArk Software by 5.6% in the 4th quarter. Benjamin Edwards Inc. now owns 3,484 shares of the technology company's stock valued at $1,161,000 after purchasing an additional 185 shares during the last quarter. Alyeska Investment Group L.P. bought a new position in CyberArk Software in the 4th quarter valued at approximately $72,842,000. Finally, Aptus Capital Advisors LLC bought a new position in CyberArk Software in the 4th quarter valued at approximately $2,480,000. Institutional investors own 91.84% of the company's stock.

Analyst Upgrades and Downgrades

CYBR has been the subject of several research reports. Truist Financial dropped their target price on CyberArk Software from $450.00 to $425.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Rosenblatt Securities reiterated a "buy" rating and issued a $445.00 price objective on shares of CyberArk Software in a report on Tuesday. Morgan Stanley reiterated an "equal weight" rating on shares of CyberArk Software in a report on Tuesday. Guggenheim reaffirmed a "buy" rating and set a $455.00 price target on shares of CyberArk Software in a research note on Tuesday, February 25th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $420.00 price target on shares of CyberArk Software in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, CyberArk Software presently has an average rating of "Moderate Buy" and a consensus price target of $415.89.

CyberArk Software Stock Down 1.7%

CYBR traded down $6.37 during midday trading on Tuesday, hitting $361.29. The company had a trading volume of 1,810,676 shares, compared to its average volume of 538,724. CyberArk Software Ltd. has a 52 week low of $223.41 and a 52 week high of $421.00. The company has a market capitalization of $17.86 billion, a price-to-earnings ratio of -185.28 and a beta of 0.99. The stock's 50 day moving average price is $340.97 and its 200 day moving average price is $339.30.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its earnings results on Thursday, February 13th. The technology company reported ($0.14) 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%. Research analysts predict that CyberArk Software Ltd. will post -0.47 EPS 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.