Benjamin Edwards Inc. Lowers Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Benjamin Edwards Inc. decreased its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 27.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 1,335 shares of the technology company’s stock after selling 510 shares during the quarter. Benjamin Edwards Inc.’s holdings in CyberArk Software were worth $365,000 as of its most recent SEC filing.

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

CyberArk Software Stock Up 3.5 %

NASDAQ:CYBR opened at $280.62 on Friday. CyberArk Software Ltd. has a 52 week low of $152.03 and a 52 week high of $293.31. The stock’s 50-day moving average price is $268.97 and its 200-day moving average price is $257.75. The stock has a market capitalization of $11.86 billion, a PE ratio of -438.47 and a beta of 1.11.

CyberArk Software (NASDAQ:CYBR) last issued 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 analyst estimates 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% compared to the same quarter last year. During the same period last year, the company earned ($0.58) earnings per share. Sell-side analysts expect that CyberArk Software Ltd. will post -1.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CYBR has been the subject of several recent research reports. Robert W. Baird boosted their price target on CyberArk Software from $295.00 to $315.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Citigroup increased their price target on shares of CyberArk Software from $305.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, August 9th. JMP Securities reaffirmed a “market outperform” rating and issued a $310.00 price objective on shares of CyberArk Software in a research report on Monday, June 17th. KeyCorp increased their target price on shares of CyberArk Software from $300.00 to $310.00 and gave the company an “overweight” rating in a research report on Friday, August 9th. Finally, Canaccord Genuity Group dropped their target price on CyberArk Software from $300.00 to $280.00 and set a “buy” rating on the stock in a research note on Tuesday, June 4th. Two research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat, CyberArk Software has an average rating of “Moderate Buy” and a consensus target price of $292.32.

About CyberArk Software

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.