EFG Asset Management North America Corp. Has $2.33 Million Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

EFG Asset Management North America Corp. lessened its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 3.9% in the fourth quarter, HoldingsChannel reports. The firm owned 6,990 shares of the technology company’s stock after selling 284 shares during the period. EFG Asset Management North America Corp.’s holdings in CyberArk Software were worth $2,330,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of CyberArk Software during the 4th quarter worth about $25,000. TD Private Client Wealth LLC boosted its stake in 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 acquiring an additional 34 shares during the last quarter. Plato Investment Management Ltd bought a new stake in CyberArk Software in the fourth quarter valued at approximately $39,000. Montag A & Associates Inc. raised its holdings in CyberArk Software by 47.2% in the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock worth $44,000 after purchasing an additional 42 shares during the period. Finally, Brown Lisle Cummings Inc. bought a new position in shares of CyberArk Software during the fourth quarter worth $50,000. Institutional investors own 91.84% of the company’s stock.

Analyst Ratings Changes

CYBR has been the topic of several research analyst reports. JMP Securities raised their price objective on CyberArk Software from $390.00 to $480.00 and gave the stock a “market outperform” rating in a research note on Friday, February 14th. Royal Bank of Canada lifted their price objective on CyberArk Software from $385.00 to $410.00 and gave the company an “outperform” rating in a report on Tuesday, January 21st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $415.00 price objective on shares of CyberArk Software in a research report on Monday, January 27th. Barclays raised their target price on shares of CyberArk Software from $375.00 to $450.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $445.00 price target on shares of CyberArk Software in a report on Wednesday, February 26th. Two investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to MarketBeat, CyberArk Software currently has a consensus rating of “Moderate Buy” and a consensus price target of $418.15.

CyberArk Software Trading Up 2.1 %

NASDAQ CYBR opened at $358.28 on Wednesday. CyberArk Software Ltd. has a 12 month low of $223.41 and a 12 month high of $421.00. The stock has a 50 day moving average of $364.76 and a 200-day moving average of $324.98. The company has a market cap of $17.71 billion, a PE ratio of -183.73 and a beta of 1.06.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.85). CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. As a group, sell-side analysts predict that CyberArk Software Ltd. will post -0.47 EPS 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.