Hennion & Walsh Asset Management Inc. Raises Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

Hennion & Walsh Asset Management Inc. raised its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 17.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 7,209 shares of the technology company’s stock after buying an additional 1,075 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in CyberArk Software were worth $2,402,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in CyberArk Software during the fourth quarter valued at approximately $25,000. Assetmark Inc. boosted its holdings in CyberArk Software by 1,025.0% in the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after purchasing an additional 123 shares during the period. Transcendent Capital Group LLC purchased a new position in shares of CyberArk Software during the 3rd quarter valued at $51,000. Kieckhefer Group LLC bought a new position in shares of CyberArk Software in the fourth quarter worth $67,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in shares of CyberArk Software in the third quarter worth $87,000. 91.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CYBR has been the subject of several recent analyst reports. Truist Financial restated a “buy” rating and set a $350.00 target price (up from $300.00) on shares of CyberArk Software in a research report on Thursday, November 14th. Jefferies Financial Group raised their target price on shares of CyberArk Software from $315.00 to $330.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Susquehanna boosted their price target on shares of CyberArk Software from $320.00 to $345.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. DA Davidson raised their price objective on shares of CyberArk Software from $360.00 to $390.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Finally, Royal Bank of Canada upped their price objective on CyberArk Software from $358.00 to $385.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. One equities research analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $353.93.

CyberArk Software Stock Down 0.9 %

Shares of NASDAQ CYBR opened at $352.22 on Friday. The firm has a market cap of $15.35 billion, a P/E ratio of 1,304.57 and a beta of 1.13. CyberArk Software Ltd. has a twelve month low of $223.09 and a twelve month high of $363.00. The company has a 50 day moving average of $324.09 and a 200 day moving average of $292.75.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.48. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The firm had revenue of $240.10 million for the quarter, compared to the consensus estimate of $234.10 million. During the same quarter last year, the firm posted ($0.31) EPS. The business’s quarterly revenue was up 25.6% compared to the same quarter last year. As a group, equities analysts expect that CyberArk Software Ltd. will post -0.58 earnings per share for the current fiscal year.

CyberArk Software 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.