Brown Lisle Cummings Inc. Acquires New Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Brown Lisle Cummings Inc. bought a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) during the fourth quarter, Holdings Channel reports. The fund bought 150 shares of the technology company’s stock, valued at approximately $50,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Alliance Wealth Advisors LLC UT increased its holdings in shares of CyberArk Software by 6.9% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 4,181 shares of the technology company’s stock worth $1,393,000 after purchasing an additional 270 shares during the period. Jennison Associates LLC grew its position in CyberArk Software by 32.3% during the fourth quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company’s stock worth $534,287,000 after buying an additional 391,900 shares in the last quarter. Resonant Capital Advisors LLC bought a new position in CyberArk Software in the 4th quarter worth about $228,000. JB Capital LLC raised its holdings in shares of CyberArk Software by 6.2% in the 4th quarter. JB Capital LLC now owns 6,497 shares of the technology company’s stock valued at $2,164,000 after acquiring an additional 380 shares in the last quarter. Finally, Spire Wealth Management raised its holdings in shares of CyberArk Software by 236.8% in the 4th quarter. Spire Wealth Management now owns 4,756 shares of the technology company’s stock valued at $1,584,000 after acquiring an additional 3,344 shares in the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

CyberArk Software Stock Performance

Shares of CYBR stock opened at $376.21 on Wednesday. The firm has a market cap of $16.39 billion, a P/E ratio of 1,393.42 and a beta of 1.15. The business’s 50 day moving average price is $337.03 and its 200-day moving average price is $301.09. CyberArk Software Ltd. has a fifty-two week low of $223.09 and a fifty-two week high of $378.78.

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, beating 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 business had revenue of $240.10 million for the quarter, compared to the consensus estimate of $234.10 million. During the same period in the previous year, the firm earned ($0.31) EPS. The company’s quarterly revenue was up 25.6% compared to the same quarter last year. As a group, equities analysts predict that CyberArk Software Ltd. will post -0.58 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CYBR shares. Morgan Stanley restated an “equal weight” rating and issued a $316.00 price objective on shares of CyberArk Software in a research report on Tuesday, December 31st. StockNews.com raised shares of CyberArk Software from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Wells Fargo & Company lifted their price objective on shares of CyberArk Software from $410.00 to $425.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Barclays increased their target price on CyberArk Software from $330.00 to $335.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Finally, KeyCorp upped their price objective on CyberArk Software from $355.00 to $400.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $367.44.

CyberArk Software Company 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.