Oppenheimer Asset Management Inc. Acquires 3,208 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Oppenheimer Asset Management Inc. raised its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 31.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,333 shares of the technology company’s stock after acquiring an additional 3,208 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in CyberArk Software were worth $3,646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Montag A & Associates Inc. bought a new position in CyberArk Software in the 1st quarter worth about $27,000. Mather Group LLC. purchased a new position in CyberArk Software in the 2nd quarter worth approximately $27,000. ORG Partners LLC purchased a new stake in shares of CyberArk Software during the 2nd quarter valued at $33,000. Blue Bell Private Wealth Management LLC bought a new stake in shares of CyberArk Software during the 1st quarter worth $34,000. Finally, FinTrust Capital Advisors LLC purchased a new stake in CyberArk Software during the fourth quarter valued at about $34,000. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Trading Up 0.7 %

Shares of NASDAQ:CYBR opened at $273.40 on Tuesday. CyberArk Software Ltd. has a 12 month low of $152.03 and a 12 month high of $293.31. The company has a market capitalization of $11.55 billion, a price-to-earnings ratio of -427.19 and a beta of 1.11. The firm’s 50-day moving average is $268.72 and its 200 day moving average is $257.42.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.40 by $0.14. The company had revenue of $224.71 million for the quarter, compared to the consensus estimate of $219.06 million. CyberArk Software had a negative return on equity of 0.21% and a negative net margin of 1.53%. CyberArk Software’s quarterly revenue was up 27.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.58) EPS. As a group, equities analysts forecast that CyberArk Software Ltd. will post -1.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CYBR has been the topic of several recent research reports. Guggenheim reiterated a “buy” rating and set a $300.00 price objective on shares of CyberArk Software in a research report on Tuesday, June 25th. Barclays lifted their price objective on CyberArk Software from $280.00 to $315.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Canaccord Genuity Group reduced their price target on CyberArk Software from $300.00 to $280.00 and set a “buy” rating on the stock in a research report on Tuesday, June 4th. Robert W. Baird lifted their target price on shares of CyberArk Software from $295.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Finally, Susquehanna increased their price objective on CyberArk Software from $310.00 to $320.00 and gave the stock a “positive” rating in a report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $290.83.

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.