Hennion & Walsh Asset Management Inc. Has $1.79 Million Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Hennion & Walsh Asset Management Inc. raised its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 3.6% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 6,134 shares of the technology company’s stock after purchasing an additional 214 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in CyberArk Software were worth $1,789,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Mather Group LLC. bought a new stake in CyberArk Software during the second quarter worth $27,000. Montag A & Associates Inc. purchased a new stake in shares of CyberArk Software in the first quarter valued at about $27,000. ORG Partners LLC purchased a new stake in shares of CyberArk Software in the second quarter valued at about $33,000. 1620 Investment Advisors Inc. purchased a new position in CyberArk Software during the second quarter worth about $39,000. Finally, Arcadia Investment Management Corp MI grew its position in CyberArk Software by 42.2% in the 2nd quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock worth $50,000 after purchasing an additional 54 shares in the last quarter. 91.84% of the stock is owned by institutional investors.

CyberArk Software Price Performance

Shares of NASDAQ:CYBR opened at $290.04 on Friday. The company’s fifty day moving average price is $282.18 and its 200-day moving average price is $262.30. The firm has a market capitalization of $12.26 billion, a price-to-earnings ratio of -453.19 and a beta of 1.12. CyberArk Software Ltd. has a one year low of $154.76 and a one year high of $308.63.

CyberArk Software (NASDAQ:CYBR) last released its earnings results on Thursday, August 8th. The technology company reported $0.54 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 business had revenue of $224.71 million for the quarter, compared to analysts’ expectations of $219.06 million. During the same quarter in the prior year, the firm earned ($0.58) earnings per share. The firm’s revenue was up 27.8% on a year-over-year basis. As a group, equities research analysts expect that CyberArk Software Ltd. will post -1.06 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on CYBR. Cantor Fitzgerald reissued an “overweight” rating and set a $300.00 target price on shares of CyberArk Software in a research report on Friday, August 9th. Barclays boosted their price objective on CyberArk Software from $315.00 to $330.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Wedbush raised their target price on CyberArk Software from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st. Needham & Company LLC reiterated a “buy” rating and set a $310.00 target price on shares of CyberArk Software in a research note on Friday, August 9th. Finally, Mizuho increased their price target on shares of CyberArk Software from $310.00 to $325.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a hold rating and twenty-five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $306.58.

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.