Fulton Bank N.A. Sells 247 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Fulton Bank N.A. decreased its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 11.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,904 shares of the technology company’s stock after selling 247 shares during the quarter. Fulton Bank N.A.’s holdings in CyberArk Software were worth $555,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. RGM Capital LLC increased its holdings in shares of CyberArk Software by 2.1% during the second quarter. RGM Capital LLC now owns 814,129 shares of the technology company’s stock worth $222,599,000 after buying an additional 16,530 shares in the last quarter. Whale Rock Capital Management LLC increased its holdings in CyberArk Software by 21.6% during the 1st quarter. Whale Rock Capital Management LLC now owns 459,828 shares of the technology company’s stock valued at $122,144,000 after purchasing an additional 81,801 shares in the last quarter. Swedbank AB bought a new position in CyberArk Software in the 1st quarter valued at $109,466,000. Acadian Asset Management LLC boosted its stake in CyberArk Software by 38.2% in the first quarter. Acadian Asset Management LLC now owns 405,375 shares of the technology company’s stock worth $107,642,000 after purchasing an additional 112,112 shares in the last quarter. Finally, 1832 Asset Management L.P. grew its holdings in shares of CyberArk Software by 1,291.7% during the first quarter. 1832 Asset Management L.P. now owns 386,365 shares of the technology company’s stock worth $102,630,000 after purchasing an additional 358,602 shares during the last quarter. 91.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CYBR shares. Susquehanna lifted their price target on CyberArk Software from $310.00 to $320.00 and gave the company a “positive” rating in a report on Friday, August 9th. Needham & Company LLC reiterated a “buy” rating and set a $310.00 target price on shares of CyberArk Software in a research report on Friday, August 9th. Robert W. Baird raised their price target on shares of CyberArk Software from $295.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Barclays upped their price objective on CyberArk Software from $315.00 to $330.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Guggenheim reissued a “buy” rating and issued a $300.00 target price on shares of CyberArk Software in a research note on Tuesday, June 25th. One equities research analyst has rated the stock with a hold rating and twenty-four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $297.52.

CyberArk Software Price Performance

Shares of CyberArk Software stock opened at $282.41 on Wednesday. The company has a market capitalization of $11.93 billion, a P/E ratio of -441.27 and a beta of 1.12. The business has a 50-day moving average of $273.58 and a two-hundred day moving average of $259.37. CyberArk Software Ltd. has a 1 year low of $152.03 and a 1 year high of $294.89.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Thursday, August 8th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.14. CyberArk Software had a negative return on equity of 0.21% and a negative net margin of 1.53%. The business had revenue of $224.71 million during the quarter, compared to analysts’ expectations of $219.06 million. During the same period in the prior year, the business earned ($0.58) EPS. CyberArk Software’s revenue for the quarter was up 27.8% compared to the same quarter last year. On average, equities analysts anticipate that CyberArk Software Ltd. will post -1.06 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.