HighPoint Advisor Group LLC Invests $400,000 in CyberArk Software Ltd. (NASDAQ:CYBR)

HighPoint Advisor Group LLC bought a new stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 1,825 shares of the technology company’s stock, valued at approximately $400,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CYBR. FinTrust Capital Advisors LLC bought a new position in CyberArk Software during the fourth quarter worth $34,000. Desjardins Global Asset Management Inc. increased its holdings in shares of CyberArk Software by 22.1% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 282 shares of the technology company’s stock worth $62,000 after purchasing an additional 51 shares during the period. Principal Securities Inc. acquired a new position in shares of CyberArk Software during the fourth quarter valued at about $100,000. Blue Trust Inc. lifted its stake in shares of CyberArk Software by 20.6% in the fourth quarter. Blue Trust Inc. now owns 562 shares of the technology company’s stock valued at $123,000 after buying an additional 96 shares during the period. Finally, Pacer Advisors Inc. grew its position in CyberArk Software by 14.9% during the fourth quarter. Pacer Advisors Inc. now owns 564 shares of the technology company’s stock worth $124,000 after buying an additional 73 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Canaccord Genuity Group reduced their price objective on CyberArk Software from $300.00 to $280.00 and set a “buy” rating for the company in a research report on Tuesday, June 4th. BTIG Research initiated coverage on shares of CyberArk Software in a research note on Thursday, March 28th. They set a “buy” rating and a $317.00 price target on the stock. DA Davidson increased their price objective on shares of CyberArk Software from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, May 22nd. Cantor Fitzgerald reiterated an “overweight” rating and set a $300.00 target price on shares of CyberArk Software in a research report on Friday, May 3rd. Finally, JMP Securities reissued a “market outperform” rating and issued a $310.00 price target on shares of CyberArk Software in a research report on Monday. Two research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $270.83.

CyberArk Software Stock Performance

NASDAQ:CYBR opened at $256.56 on Friday. The stock’s fifty day moving average price is $240.86 and its two-hundred day moving average price is $240.59. The company has a market cap of $10.84 billion, a price-to-earnings ratio of -400.88 and a beta of 1.08. CyberArk Software Ltd. has a 52-week low of $142.92 and a 52-week high of $283.00.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.51) by $0.67. The business had revenue of $221.55 million for the quarter, compared to analyst estimates of $213.42 million. CyberArk Software had a negative return on equity of 2.51% and a negative net margin of 3.20%. On average, equities analysts predict that CyberArk Software Ltd. will post -1.24 EPS for the current fiscal year.

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.