Blair William & Co. IL Buys 64,044 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Blair William & Co. IL boosted its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 441.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,559 shares of the technology company’s stock after acquiring an additional 64,044 shares during the period. Blair William & Co. IL owned 0.19% of CyberArk Software worth $21,480,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. boosted its stake in shares of CyberArk Software by 64.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 7,345 shares of the technology company’s stock valued at $1,951,000 after purchasing an additional 2,885 shares during the last quarter. Congress Asset Management Co. MA lifted its holdings in CyberArk Software by 29.3% in the first quarter. Congress Asset Management Co. MA now owns 50,097 shares of the technology company’s stock valued at $13,307,000 after buying an additional 11,345 shares during the period. Contour Asset Management LLC bought a new stake in CyberArk Software during the fourth quarter valued at $48,605,000. Russell Investments Group Ltd. grew its holdings in CyberArk Software by 58.3% during the 1st quarter. Russell Investments Group Ltd. now owns 33,255 shares of the technology company’s stock worth $8,830,000 after acquiring an additional 12,242 shares during the period. Finally, Quadrature Capital Ltd bought a new position in shares of CyberArk Software in the 1st quarter worth about $2,741,000. Institutional investors and hedge funds own 91.84% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on CYBR shares. 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. KeyCorp raised their price objective on shares of CyberArk Software from $300.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. Guggenheim reiterated a “buy” rating and issued a $300.00 price objective on shares of CyberArk Software in a research note on Tuesday, June 25th. Citigroup increased their target price on shares of CyberArk Software from $305.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, Wedbush raised their price target on shares of CyberArk Software from $285.00 to $300.00 and gave the stock an “outperform” rating in a 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $290.83.

CyberArk Software Price Performance

Shares of CYBR stock opened at $268.04 on Thursday. The firm has a 50-day moving average of $268.71 and a 200-day moving average of $257.54. CyberArk Software Ltd. has a one year low of $152.03 and a one year high of $293.31. The company has a market cap of $11.33 billion, a P/E ratio of -418.81 and a beta of 1.11.

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

About CyberArk Software

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.