Vident Advisory LLC Has $18.08 Million Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Vident Advisory LLC boosted its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 31.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 54,266 shares of the technology company's stock after purchasing an additional 13,134 shares during the period. Vident Advisory LLC owned about 0.12% of CyberArk Software worth $18,079,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in CyberArk Software during the fourth quarter valued at approximately $25,000. TD Private Client Wealth LLC raised its stake 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. Plato Investment Management Ltd purchased a new stake in shares of CyberArk Software during the 4th quarter worth about $39,000. Graney & King LLC purchased a new stake in shares of CyberArk Software during the 4th quarter worth about $43,000. Finally, Montag A & Associates Inc. raised its stake in shares of CyberArk Software by 47.2% during the 4th 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 owned by hedge funds and other institutional investors.

CyberArk Software Stock Up 2.0%

CyberArk Software stock traded up $7.48 during mid-day trading on Friday, hitting $381.29. 915,383 shares of the company were exchanged, compared to its average volume of 548,281. The business has a fifty day moving average of $345.60 and a 200 day moving average of $343.42. CyberArk Software Ltd. has a 1-year low of $223.41 and a 1-year high of $421.00. The company has a market capitalization of $18.85 billion, a PE ratio of -195.53 and a beta of 0.99.

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 (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.19. CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. The firm had revenue of $317.60 million during the quarter, compared to analyst estimates of $305.57 million. During the same period in the prior year, the company posted $0.75 earnings per share. The business'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 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on CYBR. Royal Bank of Canada reaffirmed an "outperform" rating and set a $420.00 price target on shares of CyberArk Software in a research note on Tuesday, May 13th. Morgan Stanley reaffirmed an "equal weight" rating on shares of CyberArk Software in a research note on Tuesday, May 13th. Robert W. Baird upped their price objective on shares of CyberArk Software from $450.00 to $460.00 and gave the stock an "outperform" rating in a report on Wednesday, May 14th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $400.00 price objective on shares of CyberArk Software in a report on Tuesday, May 13th. Finally, Wells Fargo & Company upped their price objective on shares of CyberArk Software from $425.00 to $500.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Two research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, CyberArk Software presently has a consensus rating of "Moderate Buy" and an average price target of $415.71.

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.