TIAA Trust National Association Makes New Investment in CyberArk Software Ltd. $CYBR

TIAA Trust National Association purchased a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) during the second quarter, HoldingsChannel reports. The firm purchased 31,016 shares of the technology company’s stock, valued at approximately $12,620,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of CyberArk Software by 17.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,868 shares of the technology company’s stock valued at $627,000 after buying an additional 280 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of CyberArk Software by 3.0% in the 1st quarter. Bank of New York Mellon Corp now owns 212,122 shares of the technology company’s stock worth $71,697,000 after acquiring an additional 6,125 shares during the last quarter. Penserra Capital Management LLC lifted its position in CyberArk Software by 17.3% in the 1st quarter. Penserra Capital Management LLC now owns 236,303 shares of the technology company’s stock valued at $79,870,000 after acquiring an additional 34,882 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in CyberArk Software by 15.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 167,149 shares of the technology company’s stock valued at $56,496,000 after purchasing an additional 21,896 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC acquired a new position in CyberArk Software during the 1st quarter valued at about $1,813,000. Institutional investors own 91.84% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $420.00 price objective on shares of CyberArk Software in a report on Tuesday, July 22nd. Wedbush restated a “neutral” rating and issued a $450.00 target price on shares of CyberArk Software in a research note on Thursday, July 31st. Guggenheim downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $455.00 price objective for the company. in a report on Thursday, July 31st. JMP Securities reiterated a “market perform” rating on shares of CyberArk Software in a research report on Tuesday, September 23rd. Finally, Stifel Nicolaus restated a “hold” rating and issued a $444.00 price objective on shares of CyberArk Software in a research report on Thursday, July 31st. Ten equities research 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 stock. Based on data from MarketBeat.com, CyberArk Software has a consensus rating of “Hold” and a consensus target price of $448.85.

CyberArk Software Trading Up 0.8%

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

CyberArk Software Company 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.