CyberArk Software Ltd. (NASDAQ:CYBR) Stock Holdings Increased by NCP Inc.

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

A number of other large investors also recently modified their holdings of the business. Mather Group LLC. bought a new position in CyberArk Software in the 2nd quarter valued at about $27,000. ORG Partners LLC bought a new position in shares of CyberArk Software in the second quarter valued at approximately $33,000. Assetmark Inc. increased its stake in shares of CyberArk Software by 1,025.0% during the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after acquiring an additional 123 shares during the period. 1620 Investment Advisors Inc. bought a new stake in CyberArk Software during the second quarter worth approximately $39,000. Finally, Transcendent Capital Group LLC acquired a new stake in CyberArk Software in the third quarter worth approximately $51,000. 91.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Stifel Nicolaus lifted their price target on CyberArk Software from $306.00 to $335.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Canaccord Genuity Group boosted their price target on shares of CyberArk Software from $310.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. KeyCorp upped their price target on shares of CyberArk Software from $340.00 to $355.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Barclays lifted their price objective on shares of CyberArk Software from $330.00 to $335.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $335.00 target price on shares of CyberArk Software in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to MarketBeat, CyberArk Software currently has a consensus rating of “Moderate Buy” and an average price target of $328.37.

CyberArk Software Trading Up 1.1 %

NASDAQ:CYBR opened at $328.01 on Wednesday. CyberArk Software Ltd. has a 1 year low of $191.56 and a 1 year high of $332.05. The firm’s fifty day simple moving average is $292.30 and its 200 day simple moving average is $271.74. The firm has a market capitalization of $14.29 billion, a PE ratio of 1,214.90 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.48. The firm had revenue of $240.10 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.31) EPS. As a group, analysts anticipate that CyberArk Software Ltd. will post -0.62 EPS for the current fiscal year.

About CyberArk Software

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.