Advisors Asset Management Inc. Acquires 1,325 Shares of CyberArk Software Ltd. $CYBR

Advisors Asset Management Inc. raised its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 11.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,968 shares of the technology company’s stock after acquiring an additional 1,325 shares during the quarter. Advisors Asset Management Inc.’s holdings in CyberArk Software were worth $5,276,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. Opal Wealth Advisors LLC acquired a new stake in shares of CyberArk Software in the 2nd quarter worth $30,000. NewSquare Capital LLC boosted its stake in shares of CyberArk Software by 78.0% in the second quarter. NewSquare Capital LLC now owns 73 shares of the technology company’s stock worth $30,000 after buying an additional 32 shares during the last quarter. AlphaCore Capital LLC purchased a new position in shares of CyberArk Software during the 2nd quarter valued at approximately $33,000. DHJJ Financial Advisors Ltd. purchased a new stake in shares of CyberArk Software during the 2nd quarter worth about $81,000. Finally, Harbour Investments Inc. grew its holdings in CyberArk Software by 298.0% in the first quarter. Harbour Investments Inc. now owns 203 shares of the technology company’s stock valued at $69,000 after purchasing an additional 152 shares during the period. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Price Performance

Shares of NASDAQ CYBR opened at $445.60 on Thursday. The stock’s 50-day simple moving average is $492.56 and its 200-day simple moving average is $436.39. CyberArk Software Ltd. has a fifty-two week low of $288.63 and a fifty-two week high of $526.19. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.31 and a current ratio of 2.31. The firm has a market capitalization of $22.49 billion, a PE ratio of -132.23 and a beta of 1.01.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Thursday, November 6th. The technology company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.92 by $0.28. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. The firm had revenue of $342.84 million for the quarter, compared to analyst estimates of $328.52 million. During the same period last year, the business earned $0.94 EPS. CyberArk Software’s revenue for the quarter was up 42.8% compared to the same quarter last year. As a group, equities research analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Royal Bank Of Canada restated a “sector perform” rating and set a $448.00 price target (up previously from $420.00) on shares of CyberArk Software in a research report on Thursday, July 31st. Baird R W lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Citigroup cut CyberArk Software from a “buy” rating to a “hold” rating and increased their price target for the stock from $465.00 to $524.00 in a report on Tuesday, November 4th. JMP Securities reaffirmed a “market perform” rating on shares of CyberArk Software in a research note on Tuesday, September 23rd. Finally, Piper Sandler reiterated a “neutral” rating and set a $448.00 price target (up from $440.00) on shares of CyberArk Software in a research report on Thursday, July 31st. Eight analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $455.96.

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.