Bank of New York Mellon Corp boosted its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 14.0% during the second quarter, Holdings Channel reports. The institutional investor owned 28,080 shares of the company’s stock after buying an additional 3,441 shares during the period. Bank of New York Mellon Corp owned about 0.09% of CyberArk Software worth $1,364,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of CYBR. Public Employees Retirement Association of Colorado purchased a new position in shares of CyberArk Software during the second quarter worth approximately $136,000. Springbok Capital Management LLC purchased a new position in shares of CyberArk Software during the first quarter worth approximately $168,000. Royal Bank of Canada boosted its position in shares of CyberArk Software by 1.3% in the first quarter. Royal Bank of Canada now owns 5,730 shares of the company’s stock worth $244,000 after buying an additional 72 shares in the last quarter. Prospera Financial Services Inc purchased a new position in shares of CyberArk Software during the second quarter worth approximately $270,000. Finally, Credit Agricole S A purchased a new position in shares of CyberArk Software during the first quarter worth approximately $311,000. 70.11% of the stock is currently owned by hedge funds and other institutional investors.
CyberArk Software Ltd. (NASDAQ:CYBR) traded down 3.18% during trading on Wednesday, reaching $48.34. The company had a trading volume of 612,806 shares. CyberArk Software Ltd. has a one year low of $31.50 and a one year high of $59.28. The company has a market capitalization of $1.43 billion, a PE ratio of 62.94 and a beta of 2.92. The firm’s 50 day moving average is $52.00 and its 200 day moving average is $48.12.
CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.09. CyberArk Software had a return on equity of 12.54% and a net margin of 14.55%. The business had revenue of $50.40 million for the quarter, compared to the consensus estimate of $48.25 million. During the same period in the previous year, the business earned $0.19 earnings per share. The business’s revenue was up 38.6% on a year-over-year basis. On average, equities research analysts predict that CyberArk Software Ltd. will post $1.07 earnings per share for the current year.
A number of brokerages recently issued reports on CYBR. Summit Research reissued a “buy” rating on shares of CyberArk Software in a report on Wednesday, June 29th. Summit Redstone began coverage on CyberArk Software in a report on Wednesday, June 29th. They set a “buy” rating and a $55.00 price objective on the stock. Deutsche Bank AG increased their price objective on CyberArk Software from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, August 10th. Nomura increased their price objective on CyberArk Software from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, August 10th. Finally, Goldman Sachs Group Inc. reissued a “buy” rating and set a $58.00 price objective on shares of CyberArk Software in a report on Thursday, August 11th. Eight analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $57.41.
About CyberArk Software
CyberArk Software Ltd. (CyberArk) provides information technology (IT) security solutions that protect organizations from cyber-attacks. The Company’s products include Privileged Account Security Solution and Sensitive Information Management Solution. Its Privileged Account Security Solution enables its customers to secure, manage and monitor privileged account access and activities.
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