Transcend Capital Advisors LLC Boosts Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Transcend Capital Advisors LLC boosted its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 14.8% in the fourth quarter, HoldingsChannel reports. The fund owned 1,192 shares of the technology company’s stock after purchasing an additional 154 shares during the quarter. Transcend Capital Advisors LLC’s holdings in CyberArk Software were worth $397,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in CyberArk Software during the fourth quarter valued at approximately $25,000. Montag A & Associates Inc. raised its holdings in shares of CyberArk Software by 47.2% in the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock worth $44,000 after buying an additional 42 shares during the last quarter. Assetmark Inc. raised its holdings in shares of CyberArk Software by 1,025.0% in the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after buying an additional 123 shares during the last quarter. Brown Lisle Cummings Inc. purchased a new position in shares of CyberArk Software in the fourth quarter worth $50,000. Finally, Transcendent Capital Group LLC purchased a new position in shares of CyberArk Software in the third quarter worth $51,000. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Price Performance

Shares of CYBR stock opened at $383.29 on Monday. The firm’s 50-day moving average is $356.42 and its two-hundred day moving average is $314.07. CyberArk Software Ltd. has a 12 month low of $223.41 and a 12 month high of $421.00. The company has a market capitalization of $16.70 billion, a PE ratio of -196.56 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates 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%. Sell-side analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Analyst Upgrades and Downgrades

CYBR has been the subject of a number of research analyst reports. Mizuho raised their price target on shares of CyberArk Software from $345.00 to $365.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Citigroup raised their price target on shares of CyberArk Software from $355.00 to $410.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Rosenblatt Securities raised their price target on shares of CyberArk Software from $415.00 to $445.00 and gave the stock a “buy” rating in a report on Friday, February 14th. KeyCorp raised their price target on shares of CyberArk Software from $400.00 to $485.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. increased their price objective on shares of CyberArk Software from $375.00 to $431.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Two research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $401.67.

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.