HighTower Advisors LLC Has $4.12 Million Stock Position in CyberArk Software Ltd. $CYBR

HighTower Advisors LLC lowered its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 40.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,526 shares of the technology company’s stock after selling 5,758 shares during the period. HighTower Advisors LLC’s holdings in CyberArk Software were worth $4,120,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Cornerstone Planning Group LLC grew its stake in CyberArk Software by 5,300.0% in the third quarter. Cornerstone Planning Group LLC now owns 54 shares of the technology company’s stock valued at $28,000 after acquiring an additional 53 shares during the period. NewSquare Capital LLC lifted its holdings in shares of CyberArk Software by 78.0% during the 2nd quarter. NewSquare Capital LLC now owns 73 shares of the technology company’s stock valued at $30,000 after purchasing an additional 32 shares in the last quarter. Parkside Financial Bank & Trust grew its position in shares of CyberArk Software by 120.7% in the 3rd quarter. Parkside Financial Bank & Trust now owns 64 shares of the technology company’s stock valued at $31,000 after purchasing an additional 35 shares during the period. AlphaCore Capital LLC bought a new stake in CyberArk Software during the 2nd quarter worth approximately $33,000. Finally, UMB Bank n.a. raised its holdings in CyberArk Software by 50.0% during the 3rd quarter. UMB Bank n.a. now owns 87 shares of the technology company’s stock worth $42,000 after buying an additional 29 shares during the period. 91.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CYBR has been the subject of several research analyst reports. Zacks Research upgraded shares of CyberArk Software from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CyberArk Software in a research note on Thursday, January 29th. JPMorgan Chase & Co. dropped their price target on CyberArk Software from $474.00 to $425.00 and set a “neutral” rating on the stock in a research note on Monday, February 9th. Jefferies Financial Group lowered CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 30th. Finally, Barclays decreased their price objective on CyberArk Software from $520.00 to $460.00 and set an “equal weight” rating for the company in a report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $459.95.

CyberArk Software Stock Performance

CYBR opened at $408.85 on Wednesday. The business’s 50-day simple moving average is $434.94 and its 200 day simple moving average is $460.42. CyberArk Software Ltd. has a 52-week low of $288.63 and a 52-week high of $526.19. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.14 and a current ratio of 2.00. The firm has a market capitalization of $20.64 billion, a PE ratio of -139.54, a PEG ratio of 18.11 and a beta of 0.91.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings results on Wednesday, February 4th. The technology company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.18. CyberArk Software had a positive return on equity of 0.77% and a negative net margin of 10.79%.The firm had revenue of $372.65 million for the quarter, compared to analyst estimates of $377.22 million. During the same quarter in the previous year, the firm earned $0.80 EPS. The business’s quarterly revenue was up 18.5% on a year-over-year basis. As a group, sell-side analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

CyberArk Software Profile

CyberArk Software Ltd. is a cybersecurity company that focuses on identity security and privileged access management. Its core mission is to protect organizations from cyber threats that target privileged accounts, credentials and secrets that can provide attackers with broad access to critical systems. CyberArk’s offerings are designed to help enterprises control, monitor and secure privileged credentials across on-premises, cloud and hybrid environments, reducing the risk of lateral movement and data breaches.

The company delivers a suite of software and cloud services that address privileged access, secrets management, endpoint privilege management and identity-based threat detection.