APG Asset Management US Inc. Buys 315 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

APG Asset Management US Inc. lifted its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 2.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 12,754 shares of the technology company’s stock after acquiring an additional 315 shares during the period. APG Asset Management US Inc.’s holdings in CyberArk Software were worth $3,439,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. lifted its stake in CyberArk Software by 64.7% during the first quarter. Geneos Wealth Management Inc. now owns 7,345 shares of the technology company’s stock worth $1,951,000 after purchasing an additional 2,885 shares during the last quarter. Congress Asset Management Co. MA raised its holdings in shares of CyberArk Software by 29.3% during the 1st quarter. Congress Asset Management Co. MA now owns 50,097 shares of the technology company’s stock valued at $13,307,000 after buying an additional 11,345 shares in the last quarter. Contour Asset Management LLC bought a new stake in CyberArk Software in the 4th quarter worth approximately $48,605,000. Russell Investments Group Ltd. boosted its stake in CyberArk Software by 58.3% in the first quarter. Russell Investments Group Ltd. now owns 33,255 shares of the technology company’s stock worth $8,830,000 after buying an additional 12,242 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in CyberArk Software during the first quarter valued at approximately $2,741,000. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

CyberArk Software Price Performance

CYBR stock opened at $287.38 on Friday. CyberArk Software Ltd. has a 1 year low of $152.03 and a 1 year high of $293.31. The firm has a 50-day moving average of $269.64 and a 200 day moving average of $258.25. The company has a market cap of $12.14 billion, a P/E ratio of -449.03 and a beta of 1.11.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Thursday, August 8th. The technology company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.14. The firm 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%. The business’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.58) EPS. On average, equities research analysts expect that CyberArk Software Ltd. will post -1.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CYBR. Citigroup boosted their price objective on shares of CyberArk Software from $305.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Needham & Company LLC reissued a “buy” rating and issued a $310.00 price target on shares of CyberArk Software in a research note on Friday, August 9th. JMP Securities restated a “market outperform” rating and set a $310.00 price target on shares of CyberArk Software in a research report on Monday, June 17th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $300.00 price objective on shares of CyberArk Software in a report on Friday, August 9th. Finally, Wedbush increased their target price on CyberArk Software from $285.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Two analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. According to data from MarketBeat, CyberArk Software currently has an average rating of “Moderate Buy” and a consensus price target of $295.92.

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.