Baird Financial Group Inc. Grows Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Baird Financial Group Inc. lifted its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 38.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,048 shares of the technology company’s stock after acquiring an additional 3,891 shares during the quarter. Baird Financial Group Inc.’s holdings in CyberArk Software were worth $4,680,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Nordea Investment Management AB boosted its position in CyberArk Software by 7.9% during the fourth quarter. Nordea Investment Management AB now owns 3,024 shares of the technology company’s stock worth $993,000 after purchasing an additional 221 shares in the last quarter. Fulton Bank N.A. lifted its position in shares of CyberArk Software by 4.7% during the 4th quarter. Fulton Bank N.A. now owns 1,994 shares of the technology company’s stock valued at $664,000 after buying an additional 90 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in CyberArk Software by 4.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,105 shares of the technology company’s stock valued at $701,000 after acquiring an additional 90 shares during the period. Brookstone Capital Management purchased a new stake in CyberArk Software in the 4th quarter worth $202,000. Finally, Kieckhefer Group LLC acquired a new position in CyberArk Software during the fourth quarter worth $67,000. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CYBR. JMP Securities boosted their target price on shares of CyberArk Software from $390.00 to $480.00 and gave the stock a “market outperform” rating in a research note on Friday, February 14th. Needham & Company LLC reiterated a “buy” rating and set a $480.00 price objective on shares of CyberArk Software in a research note on Thursday, March 20th. Robert W. Baird raised their target price on CyberArk Software from $455.00 to $465.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th. Stifel Nicolaus increased their price objective on CyberArk Software from $370.00 to $444.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Finally, Barclays lowered their target price on shares of CyberArk Software from $450.00 to $405.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Two analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $415.18.

CyberArk Software Stock Down 1.5 %

CYBR opened at $359.04 on Friday. The firm has a market cap of $17.75 billion, a P/E ratio of -184.12 and a beta of 0.99. CyberArk Software Ltd. has a 52 week low of $223.41 and a 52 week high of $421.00. The business has a fifty day simple moving average of $340.85 and a 200-day simple moving average of $338.10.

CyberArk Software (NASDAQ:CYBR) last released its earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share for the quarter, missing the consensus estimate 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%. Sell-side analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current 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.