Jaffetilchin Investment Partners LLC Grows Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Jaffetilchin Investment Partners LLC grew its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 4.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,823 shares of the technology company’s stock after purchasing an additional 79 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in CyberArk Software were worth $607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Public Employees Retirement System of Ohio purchased a new stake in CyberArk Software in the 3rd quarter valued at $8,612,000. CHURCHILL MANAGEMENT Corp acquired a new position in shares of CyberArk Software during the 4th quarter valued at about $764,000. China Universal Asset Management Co. Ltd. purchased a new stake in shares of CyberArk Software in the fourth quarter valued at about $1,166,000. Spire Wealth Management increased its position in CyberArk Software by 236.8% during the fourth quarter. Spire Wealth Management now owns 4,756 shares of the technology company’s stock worth $1,584,000 after purchasing an additional 3,344 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in CyberArk Software by 9.7% during the fourth quarter. Geneos Wealth Management Inc. now owns 11,576 shares of the technology company’s stock worth $3,857,000 after purchasing an additional 1,024 shares during the period. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Trading Up 2.1 %

Shares of CYBR stock opened at $349.44 on Friday. The company has a market cap of $17.27 billion, a P/E ratio of -179.20 and a beta of 1.00. The firm has a fifty day moving average price of $356.48 and a 200 day moving average price of $330.68. CyberArk Software Ltd. has a 12 month low of $223.41 and a 12 month high of $421.00.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. On average, equities analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CYBR shares. Morgan Stanley started coverage on shares of CyberArk Software in a report on Tuesday, March 18th. They set an “equal weight” rating for the company. Stifel Nicolaus raised their target price on CyberArk Software from $370.00 to $444.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Citigroup upped their price target on CyberArk Software from $410.00 to $450.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. StockNews.com downgraded CyberArk Software from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Finally, Stephens began coverage on shares of CyberArk Software in a research report on Tuesday, April 1st. They issued an “overweight” rating and a $440.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, CyberArk Software presently has a consensus rating of “Moderate Buy” and a consensus target price of $418.39.

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.