Pinnacle Associates Ltd. Acquires 255 Shares of CyberArk Software Ltd. $CYBR

Pinnacle Associates Ltd. raised its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 8.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,250 shares of the technology company’s stock after purchasing an additional 255 shares during the quarter. Pinnacle Associates Ltd.’s holdings in CyberArk Software were worth $1,322,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Invesco Ltd. raised its position in shares of CyberArk Software by 12.2% during the 1st quarter. Invesco Ltd. now owns 1,129,894 shares of the technology company’s stock valued at $381,904,000 after acquiring an additional 122,423 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of CyberArk Software by 1,598.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 979,181 shares of the technology company’s stock valued at $330,964,000 after acquiring an additional 921,523 shares during the last quarter. Voya Investment Management LLC raised its position in shares of CyberArk Software by 0.7% during the 1st quarter. Voya Investment Management LLC now owns 888,898 shares of the technology company’s stock valued at $300,448,000 after acquiring an additional 6,314 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of CyberArk Software by 82.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 740,504 shares of the technology company’s stock valued at $250,290,000 after acquiring an additional 335,634 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of CyberArk Software by 18.7% during the 1st quarter. JPMorgan Chase & Co. now owns 675,032 shares of the technology company’s stock valued at $228,161,000 after acquiring an additional 106,435 shares during the last quarter. Institutional investors own 91.84% of the company’s stock.

Wall Street Analysts Forecast Growth

CYBR has been the subject of several research analyst reports. Guggenheim lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $455.00 price target for the company. in a report on Thursday, July 31st. JMP Securities reissued a “market perform” rating on shares of CyberArk Software in a report on Tuesday, September 23rd. Scotiabank reissued a “sector perform” rating and issued a $448.00 price target (down previously from $460.00) on shares of CyberArk Software in a report on Tuesday, August 5th. Barclays reissued an “equal weight” rating and issued a $520.00 price target (up previously from $440.00) on shares of CyberArk Software in a report on Tuesday, October 14th. Finally, UBS Group lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating and boosted their price target for the company from $480.00 to $485.00 in a report on Thursday, July 31st. Ten equities research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $448.85.

CyberArk Software Price Performance

Shares of NASDAQ CYBR opened at $520.78 on Monday. The firm has a market cap of $26.29 billion, a PE ratio of -154.53 and a beta of 1.01. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.53. CyberArk Software Ltd. has a 1-year low of $271.68 and a 1-year high of $526.19. The company has a fifty day moving average price of $484.32 and a 200 day moving average price of $419.64.

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.