NewEdge Advisors LLC Raises Position in CyberArk Software Ltd. (NASDAQ:CYBR)

NewEdge Advisors LLC boosted its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 370.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,921 shares of the technology company’s stock after purchasing an additional 5,451 shares during the period. NewEdge Advisors LLC’s holdings in CyberArk Software were worth $1,892,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Creative Planning lifted its stake in shares of CyberArk Software by 15.0% in the 2nd quarter. Creative Planning now owns 10,500 shares of the technology company’s stock valued at $2,871,000 after acquiring an additional 1,369 shares during the last quarter. Mackenzie Financial Corp lifted its position in CyberArk Software by 8.6% in the second quarter. Mackenzie Financial Corp now owns 3,217 shares of the technology company’s stock valued at $880,000 after purchasing an additional 256 shares during the last quarter. MBB Public Markets I LLC purchased a new stake in shares of CyberArk Software during the second quarter valued at approximately $801,000. APG Asset Management N.V. grew its holdings in shares of CyberArk Software by 8.1% in the second quarter. APG Asset Management N.V. now owns 28,311 shares of the technology company’s stock worth $7,223,000 after purchasing an additional 2,116 shares during the last quarter. Finally, APG Asset Management US Inc. increased its stake in shares of CyberArk Software by 2.5% in the second quarter. APG Asset Management US Inc. now owns 12,754 shares of the technology company’s stock worth $3,439,000 after buying an additional 315 shares during the period. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

CyberArk Software Trading Up 0.5 %

NASDAQ CYBR opened at $280.34 on Friday. CyberArk Software Ltd. has a 12 month low of $152.03 and a 12 month high of $294.89. The stock’s fifty day moving average price is $272.71 and its 200-day moving average price is $259.29. The stock has a market cap of $11.85 billion, a P/E ratio of -438.03 and a beta of 1.12.

CyberArk Software (NASDAQ:CYBR) last announced 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 the consensus estimate of $219.06 million. CyberArk Software had a negative net margin of 1.53% and a negative return on equity of 0.21%. CyberArk Software’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.58) EPS. As a group, analysts forecast that CyberArk Software Ltd. will post -1.06 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CYBR shares. JMP Securities reissued a “market outperform” rating and issued a $310.00 price target on shares of CyberArk Software in a report on Monday, June 17th. Susquehanna boosted their price target on CyberArk Software from $310.00 to $320.00 and gave the company a “positive” rating in a report on Friday, August 9th. Barclays upped their price target on CyberArk Software from $280.00 to $315.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Robert W. Baird lifted their price objective on CyberArk Software from $295.00 to $315.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Finally, KeyCorp upped their target price on CyberArk Software from $300.00 to $310.00 and gave the company an “overweight” 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. Based on data from MarketBeat, CyberArk Software currently has an average rating of “Moderate Buy” and an average price target of $296.92.

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.