Portside Wealth Group LLC Has $704,000 Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Portside Wealth Group LLC lifted its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 69.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,084 shares of the technology company's stock after acquiring an additional 857 shares during the quarter. Portside Wealth Group LLC's holdings in CyberArk Software were worth $704,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CYBR. Thoma Bravo L.P. bought a new position in CyberArk Software during the 4th quarter valued at $380,637,000. Norges Bank bought a new position in CyberArk Software during the fourth quarter valued at about $203,375,000. Allspring Global Investments Holdings LLC grew its holdings in CyberArk Software by 195.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 508,355 shares of the technology company's stock worth $170,614,000 after acquiring an additional 336,462 shares during the period. Congress Asset Management Co. raised its position in CyberArk Software by 304.2% in the first quarter. Congress Asset Management Co. now owns 332,770 shares of the technology company's stock worth $112,476,000 after acquiring an additional 250,441 shares in the last quarter. Finally, Alyeska Investment Group L.P. acquired a new stake in CyberArk Software in the 4th quarter valued at about $72,842,000. Institutional investors and hedge funds own 91.84% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on CYBR. Guggenheim reissued a "buy" rating and set a $455.00 target price on shares of CyberArk Software in a research note on Tuesday, February 25th. Wall Street Zen cut CyberArk Software from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. JPMorgan Chase & Co. upped their price objective on shares of CyberArk Software from $375.00 to $431.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Canaccord Genuity Group boosted their price target on shares of CyberArk Software from $330.00 to $440.00 and gave the company a "buy" rating in a report on Friday, February 14th. Finally, Morgan Stanley reiterated an "equal weight" rating on shares of CyberArk Software in a research report on Tuesday, May 13th. Two research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, CyberArk Software currently has an average rating of "Moderate Buy" and an average price target of $415.71.

CyberArk Software Price Performance

Shares of NASDAQ CYBR traded down $1.87 during trading hours on Tuesday, hitting $396.07. 522,334 shares of the stock were exchanged, compared to its average volume of 556,109. The firm has a market capitalization of $19.58 billion, a P/E ratio of -203.11 and a beta of 0.99. CyberArk Software Ltd. has a one year low of $230.00 and a one year high of $421.00. The company's 50 day moving average is $354.98 and its 200 day moving average is $350.44.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $317.60 million during the quarter, compared to the consensus estimate of $305.57 million. During the same period in the prior year, the firm earned $0.75 EPS. The business's revenue was up 43.3% on a year-over-year basis. Research 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.