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

Congress Wealth Management LLC DE increased its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 4.1% in the first quarter, Holdings Channel reports. The institutional investor owned 14,798 shares of the technology company’s stock after acquiring an additional 581 shares during the quarter. Congress Wealth Management LLC DE’s holdings in CyberArk Software were worth $3,931,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Diversified Trust Co increased its position in shares of CyberArk Software by 11.3% in the 1st quarter. Diversified Trust Co now owns 3,831 shares of the technology company’s stock worth $1,018,000 after purchasing an additional 390 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in CyberArk Software by 38.7% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 4,367 shares of the technology company’s stock valued at $1,160,000 after buying an additional 1,219 shares during the last quarter. First Dallas Securities Inc. raised its stake in CyberArk Software by 3.2% during the first quarter. First Dallas Securities Inc. now owns 1,600 shares of the technology company’s stock valued at $425,000 after buying an additional 50 shares in the last quarter. KRS Capital Management LLC lifted its holdings in CyberArk Software by 9.4% during the 1st quarter. KRS Capital Management LLC now owns 2,800 shares of the technology company’s stock worth $744,000 after buying an additional 240 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of CyberArk Software in the 1st quarter worth approximately $526,000. 91.84% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Price Performance

Shares of NASDAQ CYBR traded down $3.75 during mid-day trading on Monday, reaching $269.67. 718,124 shares of the company traded hands, compared to its average volume of 572,844. CyberArk Software Ltd. has a fifty-two week low of $142.92 and a fifty-two week high of $283.00. The firm has a market cap of $11.40 billion, a PE ratio of -421.36 and a beta of 1.14. The stock has a fifty day simple moving average of $244.63 and a 200-day simple moving average of $244.24.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.51) by $0.67. CyberArk Software had a negative return on equity of 2.51% and a negative net margin of 3.20%. The firm had revenue of $221.55 million during the quarter, compared to analyst estimates of $213.42 million. As a group, analysts predict that CyberArk Software Ltd. will post -1.24 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Wedbush reissued an “outperform” rating and set a $285.00 price target on shares of CyberArk Software in a research report on Friday, May 3rd. JMP Securities restated a “market outperform” rating and issued a $310.00 price target on shares of CyberArk Software in a research report on Monday, June 17th. Guggenheim reaffirmed a “buy” rating and set a $300.00 price objective on shares of CyberArk Software in a research report on Tuesday, June 25th. BTIG Research started coverage on shares of CyberArk Software in a report on Thursday, March 28th. They issued a “buy” rating and a $317.00 target price on the stock. Finally, DA Davidson upped their target price on CyberArk Software from $275.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, May 22nd. Two research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $275.00.

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.