Blair William & Co. IL Grows Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Blair William & Co. IL grew its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 441.2% during the second quarter, Holdings Channel reports. The institutional investor owned 78,559 shares of the technology company’s stock after purchasing an additional 64,044 shares during the quarter. Blair William & Co. IL’s holdings in CyberArk Software were worth $21,480,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in CyberArk Software during the fourth quarter worth about $100,797,000. Swedbank AB bought a new position in CyberArk Software in the 1st quarter worth approximately $109,466,000. 1832 Asset Management L.P. grew its stake in CyberArk Software by 1,291.7% in the 1st quarter. 1832 Asset Management L.P. now owns 386,365 shares of the technology company’s stock valued at $102,630,000 after buying an additional 358,602 shares in the last quarter. Global Assets Advisory LLC bought a new stake in CyberArk Software during the 1st quarter valued at $67,736,000. Finally, Contour Asset Management LLC bought a new stake in CyberArk Software during the 4th quarter valued at $48,605,000. Institutional investors own 91.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Robert W. Baird lifted their target price on CyberArk Software from $295.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, August 9th. DA Davidson boosted their price target on shares of CyberArk Software from $285.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, August 9th. KeyCorp increased their price objective on CyberArk Software from $300.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. Rosenblatt Securities restated a “buy” rating and set a $310.00 target price on shares of CyberArk Software in a research report on Tuesday, August 6th. Finally, JMP Securities restated a “market outperform” rating and issued a $310.00 target price on shares of CyberArk Software in a research note on Monday, June 17th. Two investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $290.83.

CyberArk Software Stock Down 1.8 %

CyberArk Software stock opened at $268.04 on Thursday. The firm has a fifty day simple moving average of $268.71 and a two-hundred day simple moving average of $257.54. CyberArk Software Ltd. has a twelve month low of $152.03 and a twelve month high of $293.31. The company has a market capitalization of $11.33 billion, a PE ratio of -418.81 and a beta of 1.11.

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