Bamco Inc. NY Sells 32,897 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Bamco Inc. NY lowered its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 12.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 223,534 shares of the technology company’s stock after selling 32,897 shares during the quarter. Bamco Inc. NY’s holdings in CyberArk Software were worth $59,377,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CYBR. First Dallas Securities Inc. boosted its stake in shares of CyberArk Software by 3.2% during the 1st quarter. First Dallas Securities Inc. now owns 1,600 shares of the technology company’s stock valued at $425,000 after purchasing an additional 50 shares in the last quarter. Desjardins Global Asset Management Inc. grew its stake in shares of CyberArk Software by 22.1% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 282 shares of the technology company’s stock worth $62,000 after acquiring an additional 51 shares during the period. Signaturefd LLC grew its stake in shares of CyberArk Software by 6.6% in the fourth quarter. Signaturefd LLC now owns 868 shares of the technology company’s stock worth $190,000 after acquiring an additional 54 shares during the period. Wealth Alliance boosted its position in shares of CyberArk Software by 2.6% in the fourth quarter. Wealth Alliance now owns 2,399 shares of the technology company’s stock worth $526,000 after purchasing an additional 60 shares during the period. Finally, Pacer Advisors Inc. boosted its position in shares of CyberArk Software by 14.9% in the fourth quarter. Pacer Advisors Inc. now owns 564 shares of the technology company’s stock worth $124,000 after purchasing an additional 73 shares during the period. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Performance

CyberArk Software stock traded up $0.82 during midday trading on Friday, hitting $257.68. 222,606 shares of the company’s stock were exchanged, compared to its average volume of 417,278. CyberArk Software Ltd. has a 12 month low of $142.92 and a 12 month high of $284.10. The firm has a 50-day moving average of $255.56 and a two-hundred day moving average of $251.14. The company has a market cap of $10.89 billion, a PE ratio of -402.63 and a beta of 1.14.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Thursday, May 2nd. The technology company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.51) by $0.67. CyberArk Software had a negative net margin of 3.20% and a negative return on equity of 2.51%. The company had revenue of $221.55 million for the quarter, compared to analysts’ expectations of $213.42 million. As a group, equities analysts expect that CyberArk Software Ltd. will post -1.24 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CYBR shares. DA Davidson upped their price target on shares of CyberArk Software from $275.00 to $285.00 and gave the stock a “buy” rating in a research report on Wednesday, May 22nd. Barclays upped their price target on shares of CyberArk Software from $280.00 to $315.00 and gave the company an “overweight” rating in a research note 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 note on Monday, June 17th. Cantor Fitzgerald reissued an “overweight” rating and issued a $300.00 target price on shares of CyberArk Software in a research note on Monday, July 22nd. Finally, Wedbush reissued an “outperform” rating and issued a $285.00 target price on shares of CyberArk Software in a research note on Friday, May 3rd. Two research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat.com, CyberArk Software has a consensus rating of “Moderate Buy” and a consensus price target of $280.63.

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.