Pathstone Holdings LLC Raises Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Pathstone Holdings LLC raised its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 3.0% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 6,623 shares of the technology company’s stock after purchasing an additional 193 shares during the period. Pathstone Holdings LLC’s holdings in CyberArk Software were worth $1,931,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mather Group LLC. acquired a new position in CyberArk Software during the second quarter worth about $27,000. ORG Partners LLC purchased a new stake in CyberArk Software in the 2nd quarter valued at $33,000. 1620 Investment Advisors Inc. purchased a new position in CyberArk Software during the second quarter worth about $39,000. Assetmark Inc. increased its holdings in shares of CyberArk Software by 1,025.0% during the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after buying an additional 123 shares during the last quarter. Finally, Arcadia Investment Management Corp MI raised its position in shares of CyberArk Software by 42.2% during the 2nd quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock valued at $50,000 after buying an additional 54 shares during the period. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Stock Performance

NASDAQ:CYBR opened at $328.01 on Wednesday. CyberArk Software Ltd. has a 1 year low of $191.56 and a 1 year high of $332.05. The stock has a market cap of $14.29 billion, a P/E ratio of 1,214.85 and a beta of 1.13. The stock has a 50-day simple moving average of $292.30 and a 200-day simple moving average of $271.74.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.48. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The firm had revenue of $240.10 million during the quarter, compared to the consensus estimate of $234.10 million. During the same period in the prior year, the company posted ($0.31) earnings per share. The firm’s quarterly revenue was up 25.6% compared to the same quarter last year. On average, equities research analysts predict that CyberArk Software Ltd. will post -0.62 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CYBR shares. Royal Bank of Canada raised their target price on CyberArk Software from $328.00 to $358.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. Barclays increased their target price on shares of CyberArk Software from $330.00 to $335.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Wedbush upped their price objective on shares of CyberArk Software from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, October 1st. UBS Group lifted their target price on shares of CyberArk Software from $340.00 to $360.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, Citigroup upped their price target on CyberArk Software from $305.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. Based on data from MarketBeat.com, CyberArk Software has a consensus rating of “Moderate Buy” and an average target price of $328.37.

CyberArk Software Company 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.