Private Advisor Group LLC Has $1.67 Million Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Private Advisor Group LLC lifted its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 27.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,112 shares of the technology company’s stock after purchasing an additional 1,307 shares during the period. Private Advisor Group LLC’s holdings in CyberArk Software were worth $1,670,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Arcadia Investment Management Corp MI lifted its position in shares of CyberArk Software by 42.2% in the second quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock worth $50,000 after buying an additional 54 shares during the last quarter. Kornitzer Capital Management Inc. KS lifted its holdings in CyberArk Software by 3.5% in the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 47,100 shares of the technology company’s stock worth $12,878,000 after purchasing an additional 1,600 shares during the last quarter. TD Asset Management Inc lifted its holdings in CyberArk Software by 3.9% in the 2nd quarter. TD Asset Management Inc now owns 14,466 shares of the technology company’s stock worth $3,955,000 after purchasing an additional 541 shares during the last quarter. George Kaiser Family Foundation boosted its position in CyberArk Software by 0.7% during the second quarter. George Kaiser Family Foundation now owns 12,432 shares of the technology company’s stock worth $3,399,000 after purchasing an additional 88 shares during the period. Finally, Foundations Investment Advisors LLC grew its holdings in CyberArk Software by 36.7% during the second quarter. Foundations Investment Advisors LLC now owns 2,746 shares of the technology company’s stock valued at $751,000 after purchasing an additional 737 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors.

CyberArk Software Stock Down 0.4 %

Shares of CyberArk Software stock opened at $271.53 on Friday. The stock has a market capitalization of $11.47 billion, a P/E ratio of -424.27 and a beta of 1.11. CyberArk Software Ltd. has a 12-month low of $152.03 and a 12-month high of $293.31. The company has a 50-day simple moving average of $268.72 and a 200 day simple moving average of $257.39.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Thursday, August 8th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.14. The company had revenue of $224.71 million during the quarter, compared to analysts’ expectations of $219.06 million. CyberArk Software had a negative net margin of 1.53% and a negative return on equity of 0.21%. CyberArk Software’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.58) earnings per share. On average, equities analysts anticipate that CyberArk Software Ltd. will post -1.06 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. KeyCorp raised their target price on shares of CyberArk Software from $300.00 to $310.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. Wedbush raised their price target on CyberArk Software from $285.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Susquehanna boosted their price objective on CyberArk Software from $310.00 to $320.00 and gave the stock a “positive” rating in a research report on Friday, August 9th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $310.00 target price on shares of CyberArk Software in a report on Tuesday, August 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $310.00 price target on shares of CyberArk Software in a research report on Friday, August 9th. Two analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $290.83.

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.