Natixis Advisors LLC Has $16.34 Million Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Natixis Advisors LLC trimmed its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 3.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 59,765 shares of the technology company’s stock after selling 2,406 shares during the period. Natixis Advisors LLC owned about 0.14% of CyberArk Software worth $16,341,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of CYBR. Mather Group LLC. acquired a new stake in CyberArk Software during the 2nd quarter worth approximately $27,000. Montag A & Associates Inc. acquired a new stake in shares of CyberArk Software in the 1st quarter valued at about $27,000. ORG Partners LLC bought a new stake in shares of CyberArk Software in the second quarter valued at about $33,000. Blue Bell Private Wealth Management LLC acquired a new position in CyberArk Software during the 1st quarter worth approximately $34,000. Finally, 1620 Investment Advisors Inc. bought a new position in shares of CyberArk Software during the 2nd quarter worth approximately $39,000. 91.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. 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. Needham & Company LLC reissued a “buy” rating and issued a $310.00 price objective on shares of CyberArk Software in a report on Friday, August 9th. Citigroup boosted their target price 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. Cantor Fitzgerald reiterated an “overweight” rating and set a $300.00 price target on shares of CyberArk Software in a report on Friday, August 9th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $310.00 price objective on shares of CyberArk Software in a research note on Tuesday, August 6th. Two analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat, CyberArk Software has an average rating of “Moderate Buy” and an average price target of $290.83.

CyberArk Software Stock Performance

NASDAQ:CYBR opened at $276.94 on Thursday. CyberArk Software Ltd. has a fifty-two week low of $152.03 and a fifty-two week high of $293.31. The stock has a fifty day moving average price of $269.14 and a 200-day moving average price of $256.63. The company has a market cap of $11.70 billion, a price-to-earnings ratio of -428.09 and a beta of 1.14.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Thursday, August 8th. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.40 by $0.14. The company had revenue of $224.71 million during 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 for the quarter was up 27.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.58) EPS. Research analysts predict that CyberArk Software Ltd. will post -1.08 EPS for the current fiscal year.

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.