Arkadios Wealth Advisors Increases Position in CyberArk Software Ltd. $CYBR

Arkadios Wealth Advisors increased its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 17.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,079 shares of the technology company’s stock after purchasing an additional 302 shares during the quarter. Arkadios Wealth Advisors’ holdings in CyberArk Software were worth $846,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CYBR. World Investment Advisors bought a new position in CyberArk Software in the second quarter worth about $211,000. Mayflower Financial Advisors LLC purchased a new position in shares of CyberArk Software in the 2nd quarter worth approximately $252,000. Whalen Wealth Management Inc. bought a new position in shares of CyberArk Software during the 2nd quarter worth approximately $527,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in CyberArk Software by 21.7% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 18,644 shares of the technology company’s stock valued at $7,586,000 after acquiring an additional 3,320 shares during the last quarter. Finally, Peregrine Capital Management LLC boosted its stake in CyberArk Software by 1.6% in the second quarter. Peregrine Capital Management LLC now owns 38,732 shares of the technology company’s stock valued at $15,759,000 after acquiring an additional 613 shares in the last quarter. Institutional investors own 91.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CYBR shares. Barclays reiterated an “equal weight” rating and set a $520.00 price objective (up previously from $440.00) on shares of CyberArk Software in a report on Tuesday, October 14th. Zacks Research cut CyberArk Software from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 21st. Canaccord Genuity Group downgraded CyberArk Software from a “buy” rating to a “hold” rating and raised their price target for the stock from $440.00 to $502.00 in a report on Wednesday, October 15th. Rosenblatt Securities downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $445.00 price objective on the stock. in a report on Friday, August 1st. Finally, Oppenheimer reiterated a “market perform” rating on shares of CyberArk Software in a research note on Friday, August 1st. Ten investment analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, CyberArk Software has an average rating of “Hold” and an average price target of $448.85.

CyberArk Software Trading Up 0.8%

CyberArk Software stock opened at $520.78 on Monday. The stock has a 50-day moving average price of $484.32 and a 200 day moving average price of $419.64. The company has a market capitalization of $26.29 billion, a price-to-earnings ratio of -154.53 and a beta of 1.01. CyberArk Software Ltd. has a 52 week low of $271.68 and a 52 week high of $526.19. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53.

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.