Handelsbanken Fonder AB increased its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR – Free Report) by 5.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 179,960 shares of the technology company’s stock after purchasing an additional 8,879 shares during the quarter. Handelsbanken Fonder AB owned approximately 0.43% of CyberArk Software worth $52,478,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Mather Group LLC. acquired a new stake in shares of CyberArk Software during the second quarter worth approximately $27,000. Montag A & Associates Inc. acquired a new position in CyberArk Software in the first quarter worth $27,000. ORG Partners LLC bought a new stake in shares of CyberArk Software during the second quarter worth $33,000. 1620 Investment Advisors Inc. acquired a new stake in shares of CyberArk Software in the second quarter valued at $39,000. Finally, Arcadia Investment Management Corp MI raised its holdings in shares of 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 buying an additional 54 shares during the last quarter. 91.84% of the stock is owned by institutional investors.
CyberArk Software Trading Up 0.5 %
Shares of NASDAQ:CYBR traded up $1.29 during trading on Friday, hitting $280.34. 297,001 shares of the company’s stock traded hands, compared to its average volume of 532,138. The company has a 50-day moving average price of $272.71 and a 200-day moving average price of $259.29. CyberArk Software Ltd. has a 52 week low of $152.03 and a 52 week high of $294.89. The company has a market cap of $11.85 billion, a price-to-earnings ratio of -438.03 and a beta of 1.12.
Wall Street Analysts Forecast Growth
CYBR has been the subject of several research reports. Robert W. Baird raised their price objective on shares of CyberArk Software from $295.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. JMP Securities restated a “market outperform” rating and issued a $310.00 price objective on shares of CyberArk Software in a research report on Monday, June 17th. Susquehanna increased their price objective on CyberArk Software from $310.00 to $320.00 and gave the company a “positive” rating in a research report on Friday, August 9th. Needham & Company LLC restated a “buy” rating and set a $310.00 target price on shares of CyberArk Software in a research report on Friday, August 9th. Finally, Guggenheim reaffirmed a “buy” rating and set a $300.00 price target on shares of CyberArk Software in a research note on Tuesday, June 25th. Two equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat.com, CyberArk Software presently has an average rating of “Moderate Buy” and a consensus target price of $296.92.
Check Out Our Latest Stock Report on CYBR
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.
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