Congress Wealth Management LLC DE Increases Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Congress Wealth Management LLC DE boosted its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 8.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,080 shares of the technology company’s stock after purchasing an additional 1,365 shares during the quarter. Congress Wealth Management LLC DE’s holdings in CyberArk Software were worth $6,023,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. TD Private Client Wealth LLC grew its position in shares of CyberArk Software by 79.1% during the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock worth $26,000 after buying an additional 34 shares in the last quarter. Coldstream Capital Management Inc. lifted its stake in CyberArk Software by 3.5% in the third quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company’s stock worth $359,000 after acquiring an additional 42 shares during the period. Montag A & Associates Inc. grew its holdings in CyberArk Software by 47.2% during the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock worth $44,000 after acquiring an additional 42 shares in the last quarter. Venturi Wealth Management LLC increased its position in CyberArk Software by 6.9% during the 4th quarter. Venturi Wealth Management LLC now owns 805 shares of the technology company’s stock valued at $268,000 after purchasing an additional 52 shares during the period. Finally, Daiwa Securities Group Inc. boosted its stake in shares of CyberArk Software by 1.4% during the fourth quarter. Daiwa Securities Group Inc. now owns 3,827 shares of the technology company’s stock valued at $1,275,000 after purchasing an additional 53 shares in the last quarter. 91.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CYBR has been the subject of a number of recent research reports. Morgan Stanley initiated coverage on shares of CyberArk Software in a research note on Tuesday, March 18th. They issued an “equal weight” rating for the company. Citigroup boosted their price target on CyberArk Software from $410.00 to $450.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $480.00 price objective on shares of CyberArk Software in a research report on Thursday, March 20th. Truist Financial lifted their target price on CyberArk Software from $385.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Finally, Wells Fargo & Company increased their price target on shares of CyberArk Software from $425.00 to $500.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $418.15.

CyberArk Software Price Performance

CYBR stock opened at $358.28 on Wednesday. The company has a market capitalization of $17.71 billion, a P/E ratio of -183.73 and a beta of 1.06. CyberArk Software Ltd. has a 12 month low of $223.41 and a 12 month high of $421.00. The firm’s fifty day simple moving average is $364.76 and its 200-day simple moving average is $324.98.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) EPS 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%. As a group, sell-side analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current 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.