APG Asset Management N.V. Buys 2,116 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

APG Asset Management N.V. increased its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 8.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 28,311 shares of the technology company’s stock after buying an additional 2,116 shares during the period. APG Asset Management N.V.’s holdings in CyberArk Software were worth $7,223,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CYBR. RGM Capital LLC increased its stake in CyberArk Software by 2.1% in the 2nd quarter. RGM Capital LLC now owns 814,129 shares of the technology company’s stock worth $222,599,000 after acquiring an additional 16,530 shares during the last quarter. Whale Rock Capital Management LLC raised its position in shares of CyberArk Software by 21.6% in the 1st quarter. Whale Rock Capital Management LLC now owns 459,828 shares of the technology company’s stock worth $122,144,000 after acquiring an additional 81,801 shares in the last quarter. Swedbank AB purchased a new stake in shares of CyberArk Software during the first quarter valued at about $109,466,000. Acadian Asset Management LLC raised its position in CyberArk Software by 38.2% during the 1st quarter. Acadian Asset Management LLC now owns 405,375 shares of the technology company’s stock worth $107,642,000 after buying an additional 112,112 shares during the last quarter. Finally, 1832 Asset Management L.P. lifted its position in CyberArk Software by 1,291.7% during the first quarter. 1832 Asset Management L.P. now owns 386,365 shares of the technology company’s stock valued at $102,630,000 after purchasing an additional 358,602 shares during the period. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Wall Street Analyst Weigh In

CYBR has been the subject of several analyst reports. Barclays boosted their target price on shares of CyberArk Software from $280.00 to $315.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Guggenheim reaffirmed a “buy” rating and issued a $300.00 price target on shares of CyberArk Software in a research note on Tuesday, June 25th. Canaccord Genuity Group cut their target price 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. 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 report on Friday, August 9th. Finally, Royal Bank of Canada began coverage on CyberArk Software in a report on Friday, September 20th. They set an “outperform” rating and a $328.00 price target on the stock. Two analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $295.92.

CyberArk Software Trading Down 1.6 %

Shares of CYBR opened at $282.89 on Monday. CyberArk Software Ltd. has a 1-year low of $152.03 and a 1-year high of $293.31. The company has a market cap of $11.95 billion, a price-to-earnings ratio of -442.02 and a beta of 1.11. The company’s fifty day simple moving average is $270.61 and its 200 day simple moving average is $258.55.

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