Stratos Wealth Partners LTD. Invests $214,000 in CyberArk Software Ltd. $CYBR

Stratos Wealth Partners LTD. purchased a new position in CyberArk Software Ltd. (NASDAQ:CYBR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 525 shares of the technology company’s stock, valued at approximately $214,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Angeles Wealth Management LLC lifted its stake in CyberArk Software by 39.9% in the second quarter. Angeles Wealth Management LLC now owns 2,074 shares of the technology company’s stock valued at $844,000 after buying an additional 591 shares during the last quarter. Values First Advisors Inc. bought a new position in shares of CyberArk Software during the second quarter worth about $244,000. Nordea Investment Management AB grew its position in shares of CyberArk Software by 31.6% during the second quarter. Nordea Investment Management AB now owns 6,183 shares of the technology company’s stock worth $2,500,000 after acquiring an additional 1,485 shares during the last quarter. Ritholtz Wealth Management bought a new position in shares of CyberArk Software during the second quarter worth about $202,000. Finally, Harbour Investments Inc. grew its position in shares of CyberArk Software by 22.2% during the second quarter. Harbour Investments Inc. now owns 248 shares of the technology company’s stock worth $101,000 after acquiring an additional 45 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors.

CyberArk Software Stock Up 1.0%

CYBR stock opened at $511.93 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.31 and a quick ratio of 2.31. The firm has a market capitalization of $25.84 billion, a P/E ratio of -151.91 and a beta of 1.01. CyberArk Software Ltd. has a 52-week low of $271.68 and a 52-week high of $514.28. The company’s 50 day simple moving average is $475.82 and its 200-day simple moving average is $412.92.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.09. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.The firm had revenue of $328.03 million for the quarter, compared to analyst estimates of $315.43 million. During the same period in the previous year, the firm earned $0.54 earnings per share. CyberArk Software’s quarterly revenue was up 46.0% on a year-over-year basis. As a group, equities research analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CYBR shares. Scotiabank reaffirmed a “sector perform” rating and issued a $448.00 price objective (down previously from $460.00) on shares of CyberArk Software in a report on Tuesday, August 5th. Citizens Jmp downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Robert W. Baird reaffirmed a “neutral” rating and issued a $460.00 price objective on shares of CyberArk Software in a report on Friday, August 1st. UBS Group downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating and upped their price objective for the stock from $480.00 to $485.00 in a report on Thursday, July 31st. Finally, Stephens downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 31st. Ten equities research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $448.85.

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.