CyberArk Software Ltd. (NASDAQ:CYBR) Stock Holdings Lifted by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. lifted its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 64.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,043 shares of the technology company’s stock after buying an additional 7,467 shares during the period. Geneos Wealth Management Inc.’s holdings in CyberArk Software were worth $6,437,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CYBR. Vanguard Group Inc. increased its position in CyberArk Software by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 74,029 shares of the technology company’s stock valued at $24,663,000 after acquiring an additional 662 shares during the period. Korea Investment CORP grew its stake in shares of CyberArk Software by 65.2% in the fourth quarter. Korea Investment CORP now owns 27,272 shares of the technology company’s stock worth $9,086,000 after purchasing an additional 10,760 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of CyberArk Software by 12.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 32,180 shares of the technology company’s stock valued at $10,924,000 after purchasing an additional 3,628 shares during the period. Orion Portfolio Solutions LLC raised its stake in shares of CyberArk Software by 1.2% during the fourth quarter. Orion Portfolio Solutions LLC now owns 9,553 shares of the technology company’s stock valued at $3,183,000 after purchasing an additional 114 shares in the last quarter. Finally, DnB Asset Management AS raised its stake in shares of CyberArk Software by 1.5% during the fourth quarter. DnB Asset Management AS now owns 6,538 shares of the technology company’s stock valued at $2,178,000 after purchasing an additional 97 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CYBR. Stephens began coverage on shares of CyberArk Software in a research report on Tuesday, April 1st. They issued an “overweight” rating and a $440.00 target price for the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $420.00 price objective on shares of CyberArk Software in a report on Tuesday, July 22nd. Royal Bank Of Canada reiterated an “outperform” rating and set a $420.00 price objective on shares of CyberArk Software in a research note on Tuesday, May 13th. Robert W. Baird boosted their target price on CyberArk Software from $450.00 to $460.00 and gave the stock an “outperform” rating in a report on Wednesday, May 14th. Finally, Barclays increased their price target on CyberArk Software from $405.00 to $440.00 and gave the company an “overweight” rating in a research note on Monday, July 14th. Two analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, CyberArk Software presently has an average rating of “Moderate Buy” and a consensus price target of $418.75.

CyberArk Software Stock Performance

CyberArk Software stock opened at $434.48 on Wednesday. CyberArk Software Ltd. has a 52 week low of $230.00 and a 52 week high of $452.00. The firm has a market capitalization of $21.48 billion, a price-to-earnings ratio of -233.59 and a beta of 1.00. The company has a 50 day moving average price of $388.96 and a 200 day moving average price of $366.53.

CyberArk Software (NASDAQ:CYBR) last released its earnings results on Tuesday, May 13th. The technology company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.19. The company had revenue of $317.60 million during the quarter, compared to analyst estimates of $305.57 million. CyberArk Software had a positive return on equity of 0.71% and a negative net margin of 7.97%. The company’s revenue for the quarter was up 43.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 earnings per share. Equities analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

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.