Lombard Odier Asset Management Europe Ltd Acquires New Shares in CyberArk Software Ltd. (NASDAQ:CYBR)

Lombard Odier Asset Management Europe Ltd bought a new position in CyberArk Software Ltd. (NASDAQ:CYBR) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,250 shares of the technology company’s stock, valued at approximately $1,982,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. boosted its stake in CyberArk Software by 64.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 7,345 shares of the technology company’s stock worth $1,951,000 after purchasing an additional 2,885 shares during the period. Congress Asset Management Co. MA boosted its stake in CyberArk Software by 29.3% in the 1st quarter. Congress Asset Management Co. MA now owns 50,097 shares of the technology company’s stock worth $13,307,000 after purchasing an additional 11,345 shares during the period. Contour Asset Management LLC acquired a new position in CyberArk Software in the 4th quarter worth $48,605,000. Russell Investments Group Ltd. boosted its stake in CyberArk Software by 58.3% in the 1st quarter. Russell Investments Group Ltd. now owns 33,255 shares of the technology company’s stock worth $8,830,000 after purchasing an additional 12,242 shares during the period. Finally, Quadrature Capital Ltd acquired a new position in CyberArk Software in the 1st quarter worth $2,741,000. 91.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $310.00 target price on shares of CyberArk Software in a research note on Monday, June 17th. Citigroup increased their price objective 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. KeyCorp increased their price objective on shares of CyberArk Software from $300.00 to $310.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. Rosenblatt Securities restated a “buy” rating and set a $310.00 price objective on shares of CyberArk Software in a research note on Tuesday, August 6th. Finally, Susquehanna increased their price objective on shares of CyberArk Software from $310.00 to $320.00 and gave the stock a “positive” rating in a research note on Friday, August 9th. Two analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $292.32.

CyberArk Software Stock Up 1.3 %

CyberArk Software stock opened at $284.19 on Tuesday. The stock has a market cap of $12.01 billion, a P/E ratio of -444.05 and a beta of 1.11. CyberArk Software Ltd. has a twelve month low of $152.03 and a twelve month high of $293.31. The company’s 50-day moving average price is $269.15 and its two-hundred day moving average price is $257.93.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results on Thursday, August 8th. The technology company reported $0.54 earnings per share for the quarter, beating 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 business’s revenue was up 27.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.58) EPS. Equities analysts anticipate that CyberArk Software Ltd. will post -1.06 earnings per share for the current fiscal 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.