CyberArk Software Ltd. (NASDAQ:CYBR) Shares Acquired by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. increased its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 38.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,367 shares of the technology company’s stock after acquiring an additional 1,219 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in CyberArk Software were worth $1,160,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Dallas Securities Inc. grew its holdings in CyberArk Software by 3.2% in the first quarter. First Dallas Securities Inc. now owns 1,600 shares of the technology company’s stock valued at $425,000 after purchasing an additional 50 shares during the period. KRS Capital Management LLC grew its stake in CyberArk Software by 9.4% in the 1st quarter. KRS Capital Management LLC now owns 2,800 shares of the technology company’s stock valued at $744,000 after acquiring an additional 240 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in CyberArk Software in the 1st quarter worth $526,000. Future Financial Wealth Managment LLC purchased a new stake in CyberArk Software in the 1st quarter worth $80,000. Finally, Austin Private Wealth LLC acquired a new position in CyberArk Software during the first quarter worth $215,000. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Performance

CyberArk Software stock opened at $273.42 on Monday. The company has a market capitalization of $11.55 billion, a PE ratio of -427.22 and a beta of 1.08. CyberArk Software Ltd. has a fifty-two week low of $142.92 and a fifty-two week high of $283.00. The firm has a 50 day moving average price of $243.93 and a 200 day moving average price of $243.76.

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

Analyst Ratings Changes

CYBR has been the subject of a number of research reports. Cantor Fitzgerald reissued an “overweight” rating and set a $300.00 target price on shares of CyberArk Software in a research note on Friday, June 21st. BTIG Research assumed coverage on CyberArk Software in a report on Thursday, March 28th. They set a “buy” rating and a $317.00 target price for the company. JMP Securities restated a “market outperform” rating and issued a $310.00 target price on shares of CyberArk Software in a research report on Monday, June 17th. DA Davidson boosted their price target on CyberArk Software from $275.00 to $285.00 and gave the stock a “buy” rating in a research report on Wednesday, May 22nd. Finally, Rosenblatt Securities restated a “buy” rating and issued a $310.00 price objective on shares of CyberArk Software in a report on Wednesday, May 1st. Two investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $275.00.

CyberArk Software 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.