NCP Inc. Boosts Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

NCP Inc. raised its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 2.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,500 shares of the technology company’s stock after purchasing an additional 150 shares during the period. CyberArk Software accounts for approximately 0.9% of NCP Inc.’s portfolio, making the stock its 16th largest holding. NCP Inc.’s holdings in CyberArk Software were worth $1,604,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Mather Group LLC. purchased a new stake in CyberArk Software in the 2nd quarter valued at approximately $27,000. ORG Partners LLC purchased a new stake in shares of CyberArk Software in the second quarter valued at $33,000. 1620 Investment Advisors Inc. acquired a new stake in shares of CyberArk Software during the second quarter valued at $39,000. Assetmark Inc. increased its position in CyberArk Software by 1,025.0% during the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after purchasing an additional 123 shares in the last quarter. Finally, Arcadia Investment Management Corp MI raised its stake in CyberArk Software by 42.2% in the 2nd quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock valued at $50,000 after purchasing an additional 54 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

CyberArk Software Trading Up 1.1 %

Shares of CyberArk Software stock opened at $328.01 on Wednesday. The stock has a market capitalization of $14.29 billion, a price-to-earnings ratio of 1,214.90 and a beta of 1.13. CyberArk Software Ltd. has a twelve month low of $191.56 and a twelve month high of $332.05. The business’s 50 day simple moving average is $292.30 and its 200-day simple moving average is $271.74.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.48. The firm had revenue of $240.10 million for the quarter, compared to analyst estimates of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The firm’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same period last year, the company earned ($0.31) earnings per share. Sell-side analysts predict that CyberArk Software Ltd. will post -0.62 earnings per share for the current year.

Analyst Ratings Changes

CYBR has been the topic of several analyst reports. Citigroup raised their price target on shares of CyberArk Software from $305.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. UBS Group boosted their price target on CyberArk Software from $340.00 to $360.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Royal Bank of Canada raised their price objective on CyberArk Software from $328.00 to $358.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Rosenblatt Securities reiterated a “buy” rating and set a $310.00 target price on shares of CyberArk Software in a research report on Tuesday, August 6th. Finally, Piper Sandler raised their price target on CyberArk Software from $300.00 to $345.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. One research analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $328.37.

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.