Cetera Investment Advisers Purchases 1,802 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Cetera Investment Advisers raised its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 14.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,431 shares of the technology company's stock after buying an additional 1,802 shares during the period. Cetera Investment Advisers' holdings in CyberArk Software were worth $4,808,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CYBR. CHURCHILL MANAGEMENT Corp bought a new position in shares of CyberArk Software during the 4th quarter valued at about $764,000. China Universal Asset Management Co. Ltd. bought a new position in shares of CyberArk Software during the 4th quarter valued at about $1,166,000. Spire Wealth Management boosted its position in shares of CyberArk Software by 236.8% during the 4th quarter. Spire Wealth Management now owns 4,756 shares of the technology company's stock valued at $1,584,000 after purchasing an additional 3,344 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of CyberArk Software by 9.7% during the 4th quarter. Geneos Wealth Management Inc. now owns 11,576 shares of the technology company's stock valued at $3,857,000 after purchasing an additional 1,024 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its position in shares of CyberArk Software by 27.7% during the 4th quarter. Park Avenue Securities LLC now owns 4,092 shares of the technology company's stock valued at $1,363,000 after purchasing an additional 887 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company's stock.

CyberArk Software Trading Down 0.0%

NASDAQ CYBR traded down $0.05 during trading on Friday, reaching $355.00. The company's stock had a trading volume of 667,570 shares, compared to its average volume of 543,032. The stock has a market capitalization of $17.55 billion, a PE ratio of -182.05 and a beta of 0.99. The business has a 50-day moving average price of $343.15 and a 200-day moving average price of $340.90. CyberArk Software Ltd. has a 1-year low of $223.41 and a 1-year high of $421.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its earnings results on Tuesday, May 13th. The technology company reported $0.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.19. The firm had revenue of $317.60 million during the quarter, compared to analysts' expectations of $305.57 million. CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. The company's revenue was up 43.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.75 earnings per share. As a group, analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on CYBR. Cantor Fitzgerald restated an "overweight" rating and set a $400.00 price objective on shares of CyberArk Software in a research report on Tuesday, May 13th. Royal Bank of Canada restated an "outperform" rating and set a $420.00 price objective on shares of CyberArk Software in a research report on Tuesday, May 13th. Needham & Company LLC restated a "buy" rating and set a $480.00 price objective on shares of CyberArk Software in a research report on Thursday, March 20th. KeyCorp reduced their price objective on shares of CyberArk Software from $485.00 to $425.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Finally, Wells Fargo & Company raised their target price on shares of CyberArk Software from $425.00 to $500.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Two investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $415.71.

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.