Financial Counselors Inc. Takes $218,000 Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Financial Counselors Inc. acquired a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 746 shares of the technology company’s stock, valued at approximately $218,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CYBR. International Assets Investment Management LLC bought a new stake in shares of CyberArk Software during the 3rd quarter worth about $82,485,000. Anomaly Capital Management LP bought a new stake in CyberArk Software during the second quarter worth approximately $49,145,000. Clearbridge Investments LLC raised its holdings in CyberArk Software by 250.0% during the second quarter. Clearbridge Investments LLC now owns 224,381 shares of the technology company’s stock worth $61,350,000 after purchasing an additional 160,269 shares in the last quarter. Hood River Capital Management LLC lifted its position in CyberArk Software by 59.2% in the second quarter. Hood River Capital Management LLC now owns 223,584 shares of the technology company’s stock worth $61,132,000 after purchasing an additional 83,172 shares during the period. Finally, Point72 Asset Management L.P. boosted its stake in CyberArk Software by 89.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 167,305 shares of the technology company’s stock valued at $45,745,000 after purchasing an additional 78,887 shares in the last quarter. 91.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Mizuho upped their price objective on CyberArk Software from $310.00 to $325.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Citigroup upped their price target on shares of CyberArk Software from $305.00 to $310.00 and gave the company a “buy” rating in a report on Friday, August 9th. Piper Sandler raised their price objective on shares of CyberArk Software from $300.00 to $345.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Wells Fargo & Company boosted their target price on shares of CyberArk Software from $300.00 to $350.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Finally, Needham & Company LLC restated a “buy” rating and set a $310.00 target price on shares of CyberArk Software in a report on Friday, August 9th. One analyst has rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat, CyberArk Software has a consensus rating of “Moderate Buy” and a consensus target price of $328.37.

CyberArk Software Stock Performance

Shares of CYBR opened at $323.51 on Monday. The firm has a market cap of $14.10 billion, a PE ratio of 1,198.23 and a beta of 1.13. CyberArk Software Ltd. has a twelve month low of $193.91 and a twelve month high of $332.05. The firm’s 50 day moving average price is $295.12 and its 200 day moving average price is $273.47.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $234.10 million. During the same period in the prior year, the company posted ($0.31) earnings per share. CyberArk Software’s revenue for the quarter was up 25.6% on a year-over-year basis. On average, sell-side analysts anticipate that CyberArk Software Ltd. will post -0.62 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.