Blue Trust Inc. Grows Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

Blue Trust Inc. lifted its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 49.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,155 shares of the technology company’s stock after purchasing an additional 382 shares during the period. Blue Trust Inc.’s holdings in CyberArk Software were worth $316,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Montag A & Associates Inc. acquired a new position in CyberArk Software during the first quarter worth about $27,000. Mather Group LLC. acquired a new position in CyberArk Software in the 2nd quarter valued at about $27,000. ORG Partners LLC acquired a new position in CyberArk Software in the 2nd quarter valued at about $33,000. 1620 Investment Advisors Inc. acquired a new position in CyberArk Software in the 2nd quarter valued at about $39,000. Finally, Arcadia Investment Management Corp MI boosted its holdings in CyberArk Software by 42.2% in the 2nd quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock valued at $50,000 after purchasing an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CYBR. Susquehanna boosted their target price on shares of CyberArk Software from $310.00 to $320.00 and gave the company a “positive” rating in a report on Friday, August 9th. Robert W. Baird upped their price objective on shares of CyberArk Software from $315.00 to $355.00 and gave the stock an “outperform” rating in a report on Thursday. Royal Bank of Canada started coverage on shares of CyberArk Software in a report on Friday, September 20th. They issued an “outperform” rating and a $328.00 price objective on the stock. BTIG Research upped their price objective on shares of CyberArk Software from $310.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, Citigroup upped their price objective on shares of CyberArk Software from $305.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, August 9th. One analyst has rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, CyberArk Software currently has a consensus rating of “Moderate Buy” and an average target price of $306.58.

CyberArk Software Trading Up 1.6 %

Shares of CyberArk Software stock opened at $293.46 on Friday. The company has a fifty day simple moving average of $281.97 and a 200-day simple moving average of $262.09. CyberArk Software Ltd. has a 12-month low of $154.76 and a 12-month high of $308.63. The stock has a market cap of $12.40 billion, a price-to-earnings ratio of -458.53 and a beta of 1.12.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Thursday, August 8th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $224.71 million during the quarter, compared to analysts’ expectations of $219.06 million. During the same quarter in the prior year, the business posted ($0.58) EPS. The company’s revenue for the quarter was up 27.8% on a year-over-year basis. On average, analysts forecast 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.