International Assets Investment Management LLC Makes New Investment in CyberArk Software Ltd. (NASDAQ:CYBR)

International Assets Investment Management LLC bought a new position in CyberArk Software Ltd. (NASDAQ:CYBR) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 282,862 shares of the technology company’s stock, valued at approximately $82,485,000. International Assets Investment Management LLC owned 0.67% of CyberArk Software as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of CYBR. Wealth Enhancement Advisory Services LLC acquired a new stake in CyberArk Software in the first quarter worth $526,000. Hennion & Walsh Asset Management Inc. raised its holdings in CyberArk Software by 38.7% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 4,367 shares of the technology company’s stock worth $1,160,000 after purchasing an additional 1,219 shares during the period. Diversified Trust Co raised its holdings in shares of CyberArk Software by 11.3% during the first quarter. Diversified Trust Co now owns 3,831 shares of the technology company’s stock worth $1,018,000 after acquiring an additional 390 shares during the period. Congress Wealth Management LLC DE raised its holdings in shares of CyberArk Software by 4.1% during the first quarter. Congress Wealth Management LLC DE now owns 14,798 shares of the technology company’s stock worth $3,931,000 after acquiring an additional 581 shares during the period. Finally, Norden Group LLC raised its holdings in shares of CyberArk Software by 1,204.7% during the first quarter. Norden Group LLC now owns 30,960 shares of the technology company’s stock worth $8,224,000 after acquiring an additional 28,587 shares during the period. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CYBR. Mizuho raised their price objective on shares of CyberArk Software from $310.00 to $325.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $300.00 price target on shares of CyberArk Software in a research note on Friday, August 9th. DA Davidson lifted their price objective 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. Rosenblatt Securities reissued a “buy” rating and issued a $310.00 price objective on shares of CyberArk Software in a research report on Tuesday, August 6th. Finally, Robert W. Baird lifted their price objective on shares of CyberArk Software from $315.00 to $355.00 and gave the company an “outperform” rating in a research report on Thursday. One investment analyst has rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. According to data from MarketBeat.com, CyberArk Software has an average rating of “Moderate Buy” and a consensus target price of $306.58.

CyberArk Software Stock Down 1.2 %

NASDAQ CYBR opened at $290.04 on Friday. The company has a market capitalization of $12.26 billion, a P/E ratio of -453.19 and a beta of 1.12. CyberArk Software Ltd. has a 12-month low of $154.76 and a 12-month high of $308.63. The firm has a 50-day moving average price of $282.18 and a two-hundred day moving average price of $262.32.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results 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 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%. The business’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.58) EPS. Equities analysts expect that CyberArk Software Ltd. will post -1.06 EPS for the current year.

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.