Toronto Dominion Bank Makes New Investment in CyberArk Software Ltd. (NASDAQ:CYBR)

Toronto Dominion Bank bought a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 600 shares of the technology company’s stock, valued at approximately $164,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Montag A & Associates Inc. bought a new stake in CyberArk Software in the first quarter valued at approximately $27,000. Mather Group LLC. acquired a new position in shares of CyberArk Software in the 2nd quarter valued at $27,000. ORG Partners LLC acquired a new position in shares of CyberArk Software in the 2nd quarter valued at $33,000. 1620 Investment Advisors Inc. bought a new stake in shares of CyberArk Software in the 2nd quarter valued at $39,000. Finally, Arcadia Investment Management Corp MI raised its stake in CyberArk Software by 42.2% during the 2nd quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock worth $50,000 after buying an additional 54 shares during the period. 91.84% of the stock is owned by institutional investors.

CyberArk Software Stock Down 4.1 %

CYBR opened at $279.70 on Wednesday. CyberArk Software Ltd. has a 12-month low of $152.03 and a 12-month high of $294.89. The business has a 50 day moving average of $271.19 and a 200-day moving average of $258.76. The stock has a market cap of $11.82 billion, a price-to-earnings ratio of -437.03 and a beta of 1.11.

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Wedbush increased their price target on CyberArk Software from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday. DA Davidson raised their target price on shares of CyberArk Software from $285.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, August 9th. JMP Securities reiterated a “market outperform” rating and issued a $310.00 price target on shares of CyberArk Software in a report on Monday, June 17th. Canaccord Genuity Group dropped their price objective on shares of CyberArk Software from $300.00 to $280.00 and set a “buy” rating on the stock in a report on Tuesday, June 4th. Finally, Jefferies Financial Group upped their target price on shares of CyberArk Software from $315.00 to $330.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Two analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. According to data from MarketBeat.com, CyberArk Software has an average rating of “Moderate Buy” and an average price target of $296.92.

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.