Norden Group LLC Buys 978 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Norden Group LLC increased its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 28.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,405 shares of the technology company’s stock after acquiring an additional 978 shares during the period. Norden Group LLC’s holdings in CyberArk Software were worth $1,204,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CYBR. Norges Bank bought a new position in shares of CyberArk Software in the fourth quarter valued at approximately $100,797,000. Swedbank AB bought a new position in shares of CyberArk Software in the first quarter valued at approximately $109,466,000. 1832 Asset Management L.P. grew its holdings in shares of CyberArk Software by 1,291.7% in the first quarter. 1832 Asset Management L.P. now owns 386,365 shares of the technology company’s stock valued at $102,630,000 after acquiring an additional 358,602 shares in the last quarter. Global Assets Advisory LLC bought a new position in shares of CyberArk Software in the first quarter valued at approximately $67,736,000. Finally, Contour Asset Management LLC bought a new position in shares of CyberArk Software in the fourth quarter valued at approximately $48,605,000. 91.84% of the stock is owned by institutional investors.

CyberArk Software Trading Down 1.7 %

Shares of NASDAQ:CYBR traded down $4.66 on Friday, reaching $264.84. 583,506 shares of the company traded hands, compared to its average volume of 540,426. The business’s 50-day simple moving average is $269.40 and its 200 day simple moving average is $256.86. CyberArk Software Ltd. has a 52 week low of $152.03 and a 52 week high of $293.31. The stock has a market capitalization of $11.19 billion, a P/E ratio of -413.81 and a beta of 1.14.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.14. CyberArk Software had a negative return on equity of 0.21% and a negative net margin of 1.53%. The firm had revenue of $224.71 million for the quarter, compared to analysts’ expectations of $219.06 million. During the same period last year, the firm earned ($0.58) earnings per share. The company’s revenue for the quarter was up 27.8% compared to the same quarter last year. Sell-side analysts expect that CyberArk Software Ltd. will post -1.08 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $300.00 price objective on shares of CyberArk Software in a research note on Friday, August 9th. KeyCorp upped their price objective on CyberArk Software from $300.00 to $310.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. Barclays increased their target price on CyberArk Software from $280.00 to $315.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Citigroup increased their target price on CyberArk Software from $305.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, Rosenblatt Securities restated a “buy” rating and set a $310.00 target price on shares of CyberArk Software in a research report on Tuesday, August 6th. Two analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat.com, CyberArk Software has a consensus rating of “Moderate Buy” and an average price target of $290.83.

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.