Congress Asset Management Co. Has $20.49 Million Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Congress Asset Management Co. raised its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 16.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,257 shares of the technology company’s stock after buying an additional 10,006 shares during the period. Congress Asset Management Co. owned 0.17% of CyberArk Software worth $20,488,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. RGM Capital LLC boosted its position in CyberArk Software by 2.1% in the second quarter. RGM Capital LLC now owns 814,129 shares of the technology company’s stock valued at $222,599,000 after buying an additional 16,530 shares in the last quarter. Whale Rock Capital Management LLC lifted its holdings in shares of CyberArk Software by 21.6% during the first quarter. Whale Rock Capital Management LLC now owns 459,828 shares of the technology company’s stock worth $122,144,000 after purchasing an additional 81,801 shares during the period. Swedbank AB lifted its holdings in shares of CyberArk Software by 11.1% during the third quarter. Swedbank AB now owns 457,899 shares of the technology company’s stock worth $133,528,000 after purchasing an additional 45,799 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of CyberArk Software by 38.2% during the first quarter. Acadian Asset Management LLC now owns 405,375 shares of the technology company’s stock worth $107,642,000 after purchasing an additional 112,112 shares during the period. Finally, 1832 Asset Management L.P. lifted its holdings in shares of CyberArk Software by 1,291.7% during the first quarter. 1832 Asset Management L.P. now owns 386,365 shares of the technology company’s stock worth $102,630,000 after purchasing an additional 358,602 shares during the period. Institutional investors and hedge funds own 91.84% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on CYBR. Jefferies Financial Group lifted their price target on shares of CyberArk Software from $315.00 to $330.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Cantor Fitzgerald lifted their target price on shares of CyberArk Software from $300.00 to $335.00 and gave the stock an “overweight” rating in a research note on Tuesday. Needham & Company LLC reiterated a “buy” rating and set a $310.00 price objective on shares of CyberArk Software in a report on Friday, August 9th. BTIG Research lifted their price objective on shares of CyberArk Software from $310.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Susquehanna lifted their price objective on shares of CyberArk Software from $310.00 to $320.00 and gave the company a “positive” rating in a report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $307.92.

CyberArk Software Price Performance

Shares of NASDAQ:CYBR opened at $276.52 on Friday. The company’s fifty day moving average price is $282.35 and its 200-day moving average price is $263.12. The firm has a market capitalization of $12.05 billion, a price-to-earnings ratio of -864.13 and a beta of 1.12. CyberArk Software Ltd. has a one year low of $156.78 and a one year high of $308.63.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.14. CyberArk Software had a negative net margin of 1.53% and a negative return on equity of 0.21%. The company had revenue of $224.71 million during the quarter, compared to analysts’ expectations of $219.06 million. During the same quarter in the prior year, the company earned ($0.58) EPS. The firm’s revenue was up 27.8% on a year-over-year basis. As a group, equities research analysts expect that CyberArk Software Ltd. will post -1.06 EPS for the current year.

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.