Daiwa Securities Group Inc. Has $926,000 Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Daiwa Securities Group Inc. cut its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 37.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,385 shares of the technology company’s stock after selling 2,006 shares during the period. Daiwa Securities Group Inc.’s holdings in CyberArk Software were worth $926,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. First Dallas Securities Inc. grew its stake 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 acquiring an additional 50 shares during the period. Arcadia Investment Management Corp MI grew its stake in CyberArk Software by 42.2% in the second quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock valued at $50,000 after acquiring an additional 54 shares during the period. Legato Capital Management LLC grew its stake in CyberArk Software by 3.7% in the second quarter. Legato Capital Management LLC now owns 1,940 shares of the technology company’s stock valued at $530,000 after acquiring an additional 70 shares during the period. George Kaiser Family Foundation grew its stake in CyberArk Software by 0.7% in the second quarter. George Kaiser Family Foundation now owns 12,432 shares of the technology company’s stock valued at $3,399,000 after acquiring an additional 88 shares during the period. Finally, Fulton Bank N.A. boosted its position in shares of CyberArk Software by 4.5% during the second quarter. Fulton Bank N.A. now owns 2,151 shares of the technology company’s stock worth $588,000 after buying an additional 92 shares during the period. 91.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $310.00 price objective on shares of CyberArk Software in a research report on Friday, August 9th. Citigroup upped their price objective on CyberArk Software from $305.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. KeyCorp upped their price objective on CyberArk Software from $300.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. Rosenblatt Securities reaffirmed a “buy” rating and set a $310.00 price objective on shares of CyberArk Software in a research report on Tuesday, August 6th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $300.00 price objective on shares of CyberArk Software in a research report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat.com, CyberArk Software currently has a consensus rating of “Moderate Buy” and a consensus price target of $290.83.

CyberArk Software Stock Down 0.4 %

NASDAQ:CYBR opened at $271.53 on Monday. The firm has a market capitalization of $11.47 billion, a price-to-earnings ratio of -424.27 and a beta of 1.11. CyberArk Software Ltd. has a 12-month low of $152.03 and a 12-month high of $293.31. The stock’s 50 day moving average price is $268.72 and its two-hundred day moving average price is $257.35.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Thursday, August 8th. The technology company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.14. The company had revenue of $224.71 million for the quarter, compared to analyst estimates of $219.06 million. CyberArk Software had a negative return on equity of 0.21% and a negative net margin of 1.53%. The firm’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.58) earnings per share. Equities research analysts expect that CyberArk Software Ltd. will post -1.06 EPS for the current year.

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.