Handelsbanken Fonder AB Purchases 8,879 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Handelsbanken Fonder AB increased its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) 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.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Thursday, August 8th. The technology company reported $0.54 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $219.06 million. During the same quarter in the previous year, the firm posted ($0.58) earnings per share. The business’s revenue was up 27.8% on a year-over-year basis. On average, analysts predict that CyberArk Software Ltd. will post -1.06 earnings per share for the current fiscal year.

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.

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.