Baird Financial Group Inc. Grows Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Baird Financial Group Inc. grew its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 38.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,048 shares of the technology company’s stock after purchasing an additional 3,891 shares during the quarter. Baird Financial Group Inc.’s holdings in CyberArk Software were worth $4,680,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Balyasny Asset Management L.P. boosted its position in CyberArk Software by 60.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 151,720 shares of the technology company’s stock valued at $50,546,000 after buying an additional 56,937 shares during the period. Bamco Inc. NY boosted its holdings in shares of CyberArk Software by 16.5% in the fourth quarter. Bamco Inc. NY now owns 262,597 shares of the technology company’s stock valued at $87,484,000 after purchasing an additional 37,154 shares during the period. Benjamin Edwards Inc. grew its stake in CyberArk Software by 5.6% in the fourth quarter. Benjamin Edwards Inc. now owns 3,484 shares of the technology company’s stock worth $1,161,000 after purchasing an additional 185 shares in the last quarter. Alyeska Investment Group L.P. purchased a new position in CyberArk Software during the 4th quarter worth $72,842,000. Finally, Aptus Capital Advisors LLC purchased a new position in CyberArk Software during the 4th quarter worth $2,480,000. 91.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CYBR has been the topic of a number of recent research reports. Guggenheim reissued a “buy” rating and set a $455.00 price target on shares of CyberArk Software in a research report on Tuesday, February 25th. Canaccord Genuity Group increased their target price on shares of CyberArk Software from $330.00 to $440.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Roth Capital assumed coverage on shares of CyberArk Software in a report on Wednesday, April 23rd. They issued a “buy” rating and a $415.00 price target for the company. Barclays dropped their price objective on shares of CyberArk Software from $450.00 to $405.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Finally, Scotiabank boosted their price objective on shares of CyberArk Software from $340.00 to $400.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, January 21st. Two equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, CyberArk Software presently has an average rating of “Buy” and an average price target of $415.18.

CyberArk Software Price Performance

CYBR stock opened at $359.04 on Friday. The company has a market capitalization of $17.75 billion, a P/E ratio of -184.12 and a beta of 0.99. 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 $340.85 and its 200-day simple moving average is $338.10.

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.

CyberArk Software 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.