CyberArk Software Ltd. (NASDAQ:CYBR) Shares Acquired by MML Investors Services LLC

MML Investors Services LLC raised its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 16.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,688 shares of the technology company's stock after acquiring an additional 1,349 shares during the quarter. MML Investors Services LLC's holdings in CyberArk Software were worth $3,228,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in CyberArk Software during the third quarter worth approximately $144,000. Oddo BHF Asset Management Sas purchased a new stake in shares of CyberArk Software in the third quarter valued at approximately $1,135,000. Central Pacific Bank Trust Division purchased a new stake in shares of CyberArk Software during the 4th quarter worth $860,000. Nordea Investment Management AB grew its position in CyberArk Software by 7.9% during the fourth quarter. Nordea Investment Management AB now owns 3,024 shares of the technology company's stock worth $993,000 after buying an additional 221 shares during the period. Finally, Silverleafe Capital Partners LLC acquired a new stake in shares of CyberArk Software in the 4th quarter worth approximately $799,000. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CYBR has been the topic of a number of analyst reports. Citigroup increased their target price on CyberArk Software from $410.00 to $450.00 and gave the company a "buy" rating in a report on Monday, March 3rd. Morgan Stanley decreased their target price on shares of CyberArk Software from $390.00 to $380.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Scotiabank upped their price target on shares of CyberArk Software from $340.00 to $400.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, January 21st. Cantor Fitzgerald restated an "overweight" rating and issued a $400.00 price objective on shares of CyberArk Software in a report on Thursday, April 24th. Finally, Wells Fargo & Company upped their price target on shares of CyberArk Software from $425.00 to $500.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Two analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, CyberArk Software currently has a consensus rating of "Buy" and a consensus target price of $415.18.

CyberArk Software Trading Down 0.1 %

CYBR traded down $0.51 during trading on Wednesday, reaching $352.16. 306,124 shares of the company were exchanged, compared to its average volume of 535,536. The stock has a market cap of $17.41 billion, a P/E ratio of -180.59 and a beta of 1.00. CyberArk Software Ltd. has a 52 week low of $223.41 and a 52 week high of $421.00. The firm has a 50 day moving average of $341.72 and a 200 day moving average of $334.92.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings data 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 positive return on equity of 0.45% and a negative net margin of 9.34%. As a group, analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal 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.