Congress Asset Management Co. Increases Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

Congress Asset Management Co. lifted its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 304.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 332,770 shares of the technology company's stock after acquiring an additional 250,441 shares during the quarter. Congress Asset Management Co. owned 0.67% of CyberArk Software worth $112,476,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. TD Private Client Wealth LLC raised its holdings in shares of CyberArk Software by 79.1% in the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock valued at $26,000 after acquiring an additional 34 shares in the last quarter. Whipplewood Advisors LLC raised its holdings in CyberArk Software by 135.3% in the first quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock worth $27,000 after purchasing an additional 46 shares in the last quarter. Plato Investment Management Ltd bought a new position in CyberArk Software in the fourth quarter worth about $39,000. Graney & King LLC bought a new position in CyberArk Software in the fourth quarter worth about $43,000. Finally, Montag A & Associates Inc. raised its holdings in CyberArk Software by 47.2% in the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock worth $44,000 after purchasing an additional 42 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CYBR has been the subject of a number of recent research reports. JMP Securities boosted their target price on shares of CyberArk Software from $390.00 to $480.00 and gave the stock a "market outperform" rating in a report on Friday, February 14th. Royal Bank of Canada reiterated an "outperform" rating and issued a $420.00 target price on shares of CyberArk Software in a report on Tuesday, May 13th. Truist Financial reduced their target price on shares of CyberArk Software from $450.00 to $425.00 and set a "buy" rating for the company in a report on Monday, March 31st. Cantor Fitzgerald restated an "overweight" rating and set a $400.00 price objective on shares of CyberArk Software in a report on Tuesday, May 13th. Finally, KeyCorp cut their price objective on shares of CyberArk Software from $485.00 to $425.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, CyberArk Software has an average rating of "Moderate Buy" and a consensus price target of $415.71.

CyberArk Software Stock Down 1.4%

Shares of NASDAQ CYBR traded down $5.82 during midday trading on Monday, reaching $397.94. 747,625 shares of the stock were exchanged, compared to its average volume of 556,144. The firm has a market cap of $19.67 billion, a price-to-earnings ratio of -204.07 and a beta of 0.99. CyberArk Software Ltd. has a twelve month low of $230.00 and a twelve month high of $421.00. The firm has a 50-day simple moving average of $353.93 and a two-hundred day simple moving average of $349.90.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly 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. CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. The firm had revenue of $317.60 million for the quarter, compared to analysts' expectations of $305.57 million. During the same quarter last year, the company earned $0.75 EPS. The firm's revenue for the quarter was up 43.3% compared to the same quarter last year. Research analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

CyberArk Software Company 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.