LPL Financial LLC Grows Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

LPL Financial LLC increased its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 3.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 63,434 shares of the technology company's stock after purchasing an additional 1,859 shares during the period. LPL Financial LLC owned approximately 0.13% of CyberArk Software worth $21,021,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC boosted its position in CyberArk Software by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock valued at $26,000 after buying an additional 39 shares during the period. Whipplewood Advisors LLC raised its stake in shares of 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 acquiring an additional 46 shares in the last quarter. Bessemer Group Inc. boosted its holdings in CyberArk Software by 421.1% in the first quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock valued at $33,000 after purchasing an additional 80 shares during the period. Morse Asset Management Inc purchased a new position in CyberArk Software in the first quarter valued at $34,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in CyberArk Software by 340.0% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 110 shares of the technology company's stock worth $37,000 after purchasing an additional 85 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company's stock.

Analyst Ratings Changes

CYBR has been the topic of a number of analyst reports. Baird R W lowered CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Oppenheimer reaffirmed a "market perform" rating on shares of CyberArk Software in a report on Friday, August 1st. Robert W. Baird reiterated a "neutral" rating and set a $460.00 price target on shares of CyberArk Software in a report on Friday, August 1st. Needham & Company LLC increased their price objective on shares of CyberArk Software from $460.00 to $551.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Finally, Rosenblatt Securities reaffirmed a "neutral" rating and set a $445.00 price objective on shares of CyberArk Software in a research report on Friday, August 1st. Eighteen research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $435.11.

CyberArk Software Stock Performance

Shares of NASDAQ CYBR traded down $0.22 during mid-day trading on Friday, hitting $402.40. 985,118 shares of the company were exchanged, compared to its average volume of 906,608. The stock has a 50 day simple moving average of $394.10 and a 200-day simple moving average of $369.54. CyberArk Software Ltd. has a 1-year low of $254.43 and a 1-year high of $452.00. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53. The firm has a market cap of $19.89 billion, a price-to-earnings ratio of -119.42 and a beta of 0.96.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its earnings results on Wednesday, July 30th. The technology company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.79 by $0.09. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. The company had revenue of $328.03 million during the quarter, compared to analysts' expectations of $315.43 million. During the same quarter last year, the business earned $0.54 EPS. The business's revenue was up 46.0% on a year-over-year basis. On average, sell-side analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

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.