Choreo LLC bought a new stake in CyberArk Software Ltd. (NASDAQ:CYBR – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,118 shares of the technology company’s stock, valued at approximately $302,000.
Other hedge funds have also recently made changes to their positions in the company. First Dallas Securities Inc. raised its holdings in CyberArk Software by 3.2% in the 1st quarter. First Dallas Securities Inc. now owns 1,600 shares of the technology company’s stock valued at $425,000 after buying an additional 50 shares during the last quarter. Arcadia Investment Management Corp MI raised its stake in shares of CyberArk Software by 42.2% during 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 last quarter. Legato Capital Management LLC lifted its holdings in shares of CyberArk Software by 3.7% during the second quarter. Legato Capital Management LLC now owns 1,940 shares of the technology company’s stock worth $530,000 after purchasing an additional 70 shares during the period. George Kaiser Family Foundation grew its stake in shares of CyberArk Software by 0.7% in the second quarter. George Kaiser Family Foundation now owns 12,432 shares of the technology company’s stock worth $3,399,000 after purchasing an additional 88 shares during the last quarter. Finally, Fulton Bank N.A. increased its holdings in CyberArk Software by 4.5% in the second quarter. Fulton Bank N.A. now owns 2,151 shares of the technology company’s stock valued at $588,000 after purchasing an additional 92 shares during the period. 91.84% of the stock is owned by institutional investors and hedge funds.
CyberArk Software Stock Down 0.2 %
Shares of CyberArk Software stock opened at $272.92 on Wednesday. CyberArk Software Ltd. has a 52 week low of $152.03 and a 52 week high of $293.31. The business has a 50 day moving average price of $268.78 and a 200-day moving average price of $257.47. The company has a market cap of $11.53 billion, a PE ratio of -426.44 and a beta of 1.11.
Wall Street Analyst Weigh In
A number of research firms have commented on CYBR. JMP Securities reiterated a “market outperform” rating and issued a $310.00 price target on shares of CyberArk Software in a research report on Monday, June 17th. DA Davidson increased their target price on shares of CyberArk Software from $285.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Barclays raised their price target on shares of CyberArk Software from $280.00 to $315.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Cantor Fitzgerald reiterated an “overweight” rating and set a $300.00 price objective on shares of CyberArk Software in a research report on Friday, August 9th. Finally, Needham & Company LLC reissued a “buy” rating and set a $310.00 target price on shares of CyberArk Software in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $290.83.
Read Our Latest Report on CYBR
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.
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