Congress Asset Management Co. Boosts Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Congress Asset Management Co. grew its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 304.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 332,770 shares of the technology company's stock after purchasing an additional 250,441 shares during the period. Congress Asset Management Co. owned about 0.67% of CyberArk Software worth $112,476,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. TD Private Client Wealth LLC grew its holdings in shares of CyberArk Software by 79.1% during the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock worth $26,000 after purchasing an additional 34 shares in the last quarter. Whipplewood Advisors LLC increased its stake in CyberArk Software by 135.3% in the first quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock valued at $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 valued at approximately $39,000. Graney & King LLC bought a new position in shares of CyberArk Software during the fourth quarter worth about $43,000. Finally, Montag A & Associates Inc. grew its holdings in shares of CyberArk Software by 47.2% in the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock valued at $44,000 after acquiring an additional 42 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CYBR. Cantor Fitzgerald restated an "overweight" rating and set a $400.00 target price on shares of CyberArk Software in a research note on Tuesday, May 13th. KeyCorp reduced their target price on CyberArk Software from $485.00 to $425.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Needham & Company LLC reiterated a "buy" rating and set a $480.00 price target on shares of CyberArk Software in a report on Thursday, March 20th. Stifel Nicolaus raised their price target on shares of CyberArk Software from $370.00 to $444.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Finally, Barclays reiterated an "overweight" rating on shares of CyberArk Software in a report on Tuesday, May 13th. 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $415.71.

CyberArk Software Stock Down 0.5%

Shares of NASDAQ:CYBR traded down $1.87 during midday trading on Tuesday, reaching $396.07. The company's stock had a trading volume of 522,360 shares, compared to its average volume of 554,419. The stock has a fifty day moving average of $354.98 and a 200 day moving average of $350.44. The firm has a market capitalization of $19.58 billion, a PE ratio of -203.11 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.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The technology company reported $0.98 earnings per share 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 company had revenue of $317.60 million during the quarter, compared to analysts' expectations of $305.57 million. During the same quarter in the previous year, the company earned $0.75 earnings per share. The firm's revenue for the quarter was up 43.3% on a year-over-year basis. Sell-side analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share 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.