Wasatch Advisors Inc. Has $67.91 Million Stake in CyberArk Software Ltd. (CYBR)
Wasatch Advisors Inc. lifted its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 23.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,359,629 shares of the technology company’s stock after purchasing an additional 262,189 shares during the period. Wasatch Advisors Inc. owned 4.60% of CyberArk Software worth $67,913,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in CYBR. SG Americas Securities LLC bought a new stake in shares of CyberArk Software during the 1st quarter worth approximately $102,000. BNP Paribas Arbitrage SA raised its stake in shares of CyberArk Software by 198.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,796 shares of the technology company’s stock worth $190,000 after purchasing an additional 2,524 shares in the last quarter. Advisor Group Inc. raised its stake in shares of CyberArk Software by 6.4% during the 2nd quarter. Advisor Group Inc. now owns 3,874 shares of the technology company’s stock worth $193,000 after purchasing an additional 232 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in shares of CyberArk Software during the 1st quarter worth approximately $201,000. Finally, FNY Partners Fund LP bought a new stake in shares of CyberArk Software during the 1st quarter worth approximately $223,000. Institutional investors own 80.47% of the company’s stock.
CyberArk Software Ltd. (NASDAQ:CYBR) traded up 0.90% during midday trading on Friday, reaching $42.41. The company had a trading volume of 265,856 shares. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 54.44 and a beta of 2.57. The stock’s 50 day moving average is $41.61 and its 200 day moving average is $46.24. CyberArk Software Ltd. has a 12-month low of $39.34 and a 12-month high of $56.25.
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A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus reiterated a “buy” rating and set a $55.00 price objective (down previously from $62.00) on shares of CyberArk Software in a research note on Friday, July 14th. Piper Jaffray Companies reiterated an “overweight” rating and set a $51.00 price objective (down previously from $61.00) on shares of CyberArk Software in a research note on Friday, July 14th. ValuEngine cut CyberArk Software from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Imperial Capital dropped their price objective on CyberArk Software from $55.00 to $42.00 and set an “in-line” rating on the stock in a research note on Friday, July 14th. Finally, BidaskClub upgraded CyberArk Software from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $50.60.
CyberArk Software Company Profile
CyberArk Software Ltd is an Israel-based provider of information technology (IT) security solutions that protects organizations from cyber-attacks. The Company’s software solutions are focused on protecting privileged accounts, which have become a critical target in the lifecycle of cyber-attacks. The Company’s Privileged Account Security Solution consists of various products, such as Shares Technology Platform, Enterprise Password Vault, SSH Key Manager, Privileged Session Manager, Privileged Threat Analytics, Application Identity Manager, CyberArk-Conjur, Endpoint Privilege Manager and On-Demand Privileges Manager.
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