Hennion & Walsh Asset Management Inc. Buys 1,553 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Hennion & Walsh Asset Management Inc. lifted its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 35.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,920 shares of the technology company’s stock after acquiring an additional 1,553 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in CyberArk Software were worth $1,619,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Mather Group LLC. bought a new position in shares of CyberArk Software in the 2nd quarter worth $27,000. Montag A & Associates Inc. purchased a new stake in CyberArk Software in the first quarter valued at about $27,000. ORG Partners LLC purchased a new stake in CyberArk Software in the second quarter valued at about $33,000. Blue Bell Private Wealth Management LLC purchased a new stake in CyberArk Software in the first quarter valued at about $34,000. Finally, Arcadia Investment Management Corp MI purchased a new stake in CyberArk Software in the first quarter valued at about $34,000. 91.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CYBR has been the subject of a number of research analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $310.00 price target on shares of CyberArk Software in a research note on Friday, August 9th. Canaccord Genuity Group decreased their price target on CyberArk Software from $300.00 to $280.00 and set a “buy” rating for the company in a research note on Tuesday, June 4th. Rosenblatt Securities reiterated a “buy” rating and issued a $310.00 price target on shares of CyberArk Software in a research note on Tuesday, August 6th. JMP Securities reiterated a “market outperform” rating and issued a $310.00 price target on shares of CyberArk Software in a research note on Monday, June 17th. Finally, Susquehanna increased their price target on CyberArk Software from $310.00 to $320.00 and gave the company a “positive” rating in a research note on Friday, August 9th. Two research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat.com, CyberArk Software presently has an average rating of “Moderate Buy” and a consensus price target of $290.83.

CyberArk Software Trading Up 0.6 %

CYBR traded up $1.70 during trading on Monday, hitting $281.71. The company’s stock had a trading volume of 242,146 shares, compared to its average volume of 548,782. CyberArk Software Ltd. has a twelve month low of $150.58 and a twelve month high of $284.10. The business’s fifty day simple moving average is $262.55 and its 200 day simple moving average is $254.32. The firm has a market capitalization of $11.90 billion, a price-to-earnings ratio of -437.52 and a beta of 1.14.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Thursday, August 8th. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.40 by $0.14. CyberArk Software had a negative return on equity of 2.51% and a negative net margin of 3.20%. The company had revenue of $224.71 million for the quarter, compared to analyst estimates of $219.06 million. During the same period last year, the company earned ($0.58) earnings per share. CyberArk Software’s quarterly revenue was up 27.8% compared to the same quarter last year. As a group, equities research analysts forecast that CyberArk Software Ltd. will post -1.24 earnings per share 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.