7,514 Shares in Cyberark Software Ltd (NASDAQ:CYBR) Purchased by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. bought a new stake in Cyberark Software Ltd (NASDAQ:CYBR) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,514 shares of the technology company’s stock, valued at approximately $895,000.

Several other large investors have also recently added to or reduced their stakes in CYBR. Swedbank bought a new position in shares of Cyberark Software in the first quarter valued at $120,062,000. Norges Bank acquired a new stake in Cyberark Software during the 4th quarter valued at $35,253,000. Assenagon Asset Management S.A. lifted its holdings in Cyberark Software by 2,646.8% during the 1st quarter. Assenagon Asset Management S.A. now owns 371,977 shares of the technology company’s stock valued at $44,284,000 after purchasing an additional 358,435 shares during the last quarter. Bank of America Corp DE lifted its holdings in Cyberark Software by 198.9% during the 4th quarter. Bank of America Corp DE now owns 520,239 shares of the technology company’s stock valued at $38,570,000 after purchasing an additional 346,194 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its holdings in Cyberark Software by 65.5% during the 4th quarter. Two Sigma Advisers LP now owns 617,900 shares of the technology company’s stock valued at $45,811,000 after purchasing an additional 244,600 shares during the last quarter. 71.99% of the stock is owned by institutional investors and hedge funds.

Shares of CYBR traded down $0.43 during midday trading on Monday, reaching $127.41. 475,236 shares of the stock were exchanged, compared to its average volume of 924,494. Cyberark Software Ltd has a twelve month low of $59.02 and a twelve month high of $138.73. The stock has a market capitalization of $4.86 billion, a P/E ratio of 89.10, a P/E/G ratio of 6.73 and a beta of 1.58. The firm has a 50 day moving average of $129.47.

Cyberark Software (NASDAQ:CYBR) last issued its quarterly earnings results on Tuesday, May 14th. The technology company reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.33. Cyberark Software had a return on equity of 12.73% and a net margin of 14.79%. The company had revenue of $95.94 million for the quarter, compared to analysts’ expectations of $92.42 million. During the same quarter last year, the business earned $0.32 earnings per share. Cyberark Software’s revenue was up 33.7% on a year-over-year basis. As a group, research analysts forecast that Cyberark Software Ltd will post 1.2 earnings per share for the current fiscal year.

Several brokerages have issued reports on CYBR. Berenberg Bank began coverage on Cyberark Software in a report on Friday, May 31st. They set a “buy” rating and a $155.00 price target for the company. BidaskClub raised Cyberark Software from a “buy” rating to a “strong-buy” rating in a report on Friday, May 24th. Bank of America raised their price target on Cyberark Software from $116.00 to $145.00 and gave the company a “buy” rating in a report on Monday, May 6th. Morgan Stanley raised their price target on Cyberark Software from $133.00 to $146.00 and gave the company an “overweight” rating in a report on Wednesday, May 15th. Finally, UBS Group downgraded Cyberark Software from a “buy” rating to a “neutral” rating and raised their price target for the company from $119.00 to $132.00 in a report on Thursday, April 25th. Four research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $109.81.

About Cyberark Software

CyberArk Software Ltd., together with its subsidiaries, provides software-based security solutions and services for organizations to safeguard and monitor their privileged accounts. The company's solutions include Core Privileged Access Security for risk-based credential security and session management with add-on options for least privilege server and domain controller protection; Application Access Manager for secrets management for applications, tools, containers, and DevOps; and Endpoint Privilege Manager for least privilege and credential theft protection for workstations.

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Institutional Ownership by Quarter for Cyberark Software (NASDAQ:CYBR)

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