Russell Investments Group increased its holdings in CyberArk Software (NASDAQ:CYBR – free report ) by 58.3% during the first quarter, according to the latest 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought an additional 12,242 shares during the period, giving it a total holding of 33,255 shares of the technology company. Russell Investments Group held approximately 0.08% of CyberArk Software’s shares, valued at $8.83 million, as of the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the company’s stock. Montag A & Associates Inc. purchased a new stake of $27,000 in CyberArk Software during the first quarter. Blue Bell Private Wealth Management LLC purchased a new stake of $34,000 in CyberArk Software during the first quarter. Arcadia Investment Management Corp MI purchased a new stake of $34,000 in CyberArk Software during the first quarter. FinTrust Capital Advisors LLC purchased a new stake of $34,000 in CyberArk Software during the fourth quarter. Finally, Central Bank & Trust Co. purchased a new stake of $53,000 in CyberArk Software during the first quarter. 91.84% of the stock is now owned by hedge funds and other institutional investors.
What Wall Street analysts are saying
Several analysts have recently issued reports on the stock. Wedbush reaffirmed an “outperform” rating and set a $285.00 price target for CyberArk Software in a report on Friday, May 3rd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $300.00 price target for CyberArk Software in a research note on Friday, June 21st. Canaccord Genuity Group lowered their price target for CyberArk Software from $300.00 to $280.00 and set a “buy” rating for the company in a research note on Tuesday, June 4th. Rosenblatt Securities reaffirmed a “buy” rating and set a $310.00 price target for CyberArk Software in a research note on Wednesday, May 1st. Finally, Bank of America reaffirmed their “buy” rating on shares of CyberArk Software and set a $315.00 price target in a research note on Wednesday, April 24. Two research analysts have rated the stock with a hold rating, and 23 have issued a buy rating to the company. According to MarketBeat.com, CyberArk Software currently has an average rating of a “moderate buy” with an average target price of $280.63.
Get the latest CYBR research report
CyberArk Software Stock Performance
NASDAQ CYBR shares opened trading at $259.63 on Friday. The company’s 50-day moving average price is $253.69 and its 200-day moving average price is $249.33. The company has a market cap of $10.97 billion, a P/E ratio of -405.67 and a beta of 1.14. CyberArk Software Ltd.’s 52-week low is $142.92 and its 52-week high is $284.10.
CyberArk Software (NASDAQ:CYBR – Get free report ) announced its latest earnings results on Thursday, May 2nd. The technology company reported quarterly earnings per share (EPS) of $0.16, beating the consensus estimate of ($0.51) by $0.67. The company’s revenue for the quarter was $221.55 million, beating the consensus estimate of $213.42 million. CyberArk Software had a net margin of -3.20% and a return on equity of -2.51%. Analysts on average expect CyberArk Software to post earnings per share of -$1.24 for the current quarter.
CyberArk Software Profile
(Free report)
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. The company’s solutions include Privileged Access Manager, which provides risk-based credential security and sessions; Vendor Privileged Access Manager, which combines Privileged Access Manager with 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 protects endpoint privileges; and Secure Desktop, a solution that protects access to endpoints.
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