Benjamin F. Edwards & Company Inc. Invests $290,000 in CyberArk Software Ltd. (NASDAQ:CYBR)

Benjamin F. Edwards & Company Inc. acquired a new stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) in the fourth quarter, Holdings Channel reports. The firm acquired 1,324 shares of the technology company’s stock, valued at approximately $290,000.

Several other large investors also recently added to or reduced their stakes in CYBR. Raymond James & Associates grew its position in shares of CyberArk Software by 37.9% during the 3rd quarter. Raymond James & Associates now owns 52,506 shares of the technology company’s stock worth $8,599,000 after buying an additional 14,418 shares in the last quarter. Mackenzie Financial Corp increased its holdings in CyberArk Software by 4.8% during the third quarter. Mackenzie Financial Corp now owns 2,862 shares of the technology company’s stock valued at $449,000 after buying an additional 131 shares during the period. Strs Ohio bought a new position in CyberArk Software in the third quarter worth approximately $2,522,000. Advisor Partners II LLC purchased a new stake in CyberArk Software during the third quarter worth $201,000. Finally, Park Avenue Securities LLC purchased a new position in shares of CyberArk Software in the 3rd quarter valued at $577,000. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Stock Performance

Shares of NASDAQ CYBR opened at $233.35 on Friday. CyberArk Software Ltd. has a 1 year low of $135.02 and a 1 year high of $283.00. The company’s fifty day moving average price is $252.40 and its 200 day moving average price is $227.76. The company has a market capitalization of $9.86 billion, a PE ratio of -364.61 and a beta of 1.06.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results on Thursday, February 8th. The technology company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.53. CyberArk Software had a negative return on equity of 2.51% and a negative net margin of 3.20%. The company had revenue of $223.10 million during the quarter, compared to analysts’ expectations of $209.65 million. On average, equities analysts expect that CyberArk Software Ltd. will post -1.46 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $300.00 price objective on shares of CyberArk Software in a research report on Friday, May 3rd. Wells Fargo & Company lifted their price objective on shares of CyberArk Software from $250.00 to $275.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Susquehanna increased their target price on shares of CyberArk Software from $255.00 to $310.00 and gave the company a “positive” rating in a research report on Friday, February 9th. JMP Securities upped their price target on CyberArk Software from $195.00 to $280.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 31st. Finally, Bank of America restated a “buy” rating and set a $315.00 target price on shares of CyberArk Software in a research note on Wednesday, April 24th. Two investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat, CyberArk Software has an average rating of “Moderate Buy” and a consensus target price of $265.63.

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.