869 Shares in CyberArk Software Ltd. (NASDAQ:CYBR) Acquired by Hancock Whitney Corp

Hancock Whitney Corp bought a new stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 869 shares of the technology company’s stock, valued at approximately $231,000.

Other hedge funds have also made changes to their positions in the company. Montag A & Associates Inc. purchased a new stake in CyberArk Software during the first quarter worth $27,000. Blue Bell Private Wealth Management LLC bought a new stake in CyberArk Software during the first quarter valued at about $34,000. Arcadia Investment Management Corp MI purchased a new position in CyberArk Software in the first quarter valued at about $34,000. FinTrust Capital Advisors LLC bought a new position in CyberArk Software in the fourth quarter worth about $34,000. Finally, Central Bank & Trust Co. purchased a new stake in shares of CyberArk Software during the first quarter valued at about $53,000. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CYBR has been the topic of a number of analyst reports. Barclays lifted their price objective on shares of CyberArk Software from $280.00 to $315.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. JMP Securities reaffirmed a “market outperform” rating and set a $310.00 price target on shares of CyberArk Software in a research report on Monday, June 17th. Canaccord Genuity Group lowered their price objective on CyberArk Software from $300.00 to $280.00 and set a “buy” rating for the company in a research report on Tuesday, June 4th. Guggenheim reaffirmed a “buy” rating and set a $300.00 target price on shares of CyberArk Software in a research report on Tuesday, June 25th. Finally, Wedbush reissued an “outperform” rating and issued a $285.00 price target on shares of CyberArk Software in a report on Friday, May 3rd. Two equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $280.63.

CyberArk Software Stock Down 3.3 %

Shares of NASDAQ CYBR traded down $8.33 during midday trading on Friday, reaching $246.77. 170,658 shares of the stock were exchanged, compared to its average volume of 543,554. The firm has a market cap of $10.43 billion, a price-to-earnings ratio of -381.11 and a beta of 1.14. The firm has a 50-day simple moving average of $256.49 and a two-hundred day simple moving average of $251.68. CyberArk Software Ltd. has a twelve month low of $142.92 and a twelve month high of $284.10.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Thursday, May 2nd. The technology company reported $0.16 EPS for the quarter, beating the consensus estimate of ($0.51) by $0.67. The company had revenue of $221.55 million for the quarter, compared to analyst estimates of $213.42 million. CyberArk Software had a negative return on equity of 2.51% and a negative net margin of 3.20%. Research analysts expect that CyberArk Software Ltd. will post -1.24 EPS for the current fiscal year.

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.