Integrated Advisors Network LLC Has $6.12 Million Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Integrated Advisors Network LLC reduced its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 2.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 27,930 shares of the technology company’s stock after selling 631 shares during the period. Integrated Advisors Network LLC’s holdings in CyberArk Software were worth $6,118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of CYBR. FinTrust Capital Advisors LLC acquired a new position in shares of CyberArk Software in the fourth quarter valued at $34,000. Desjardins Global Asset Management Inc. increased its holdings in shares of CyberArk Software by 22.1% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 282 shares of the technology company’s stock valued at $62,000 after purchasing an additional 51 shares during the last quarter. Principal Securities Inc. acquired a new position in shares of CyberArk Software in the fourth quarter valued at $100,000. Blue Trust Inc. increased its holdings in shares of CyberArk Software by 20.6% in the fourth quarter. Blue Trust Inc. now owns 562 shares of the technology company’s stock valued at $123,000 after purchasing an additional 96 shares during the last quarter. Finally, Pacer Advisors Inc. increased its holdings in shares of CyberArk Software by 14.9% in the fourth quarter. Pacer Advisors Inc. now owns 564 shares of the technology company’s stock valued at $124,000 after purchasing an additional 73 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

CyberArk Software Trading Up 0.2 %

Shares of CYBR traded up $0.54 during mid-day trading on Friday, reaching $252.33. The company had a trading volume of 755,576 shares, compared to its average volume of 543,993. The company’s 50 day simple moving average is $240.98 and its 200 day simple moving average is $239.34. CyberArk Software Ltd. has a 1-year low of $142.92 and a 1-year high of $283.00.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Thursday, May 2nd. The technology company reported $0.16 EPS for the quarter, topping the consensus estimate of ($0.51) by $0.67. CyberArk Software had a negative net margin of 3.20% and a negative return on equity of 2.51%. The business had revenue of $221.55 million for the quarter, compared to the consensus estimate of $213.42 million. Equities research analysts predict that CyberArk Software Ltd. will post -1.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on CYBR shares. Wedbush restated an “outperform” rating and issued a $285.00 price target on shares of CyberArk Software in a research note on Friday, May 3rd. DA Davidson upped their price target on shares of CyberArk Software from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, May 22nd. Bank of America restated a “buy” rating and issued a $315.00 price target on shares of CyberArk Software in a research note on Wednesday, April 24th. BTIG Research started coverage on shares of CyberArk Software in a research note on Thursday, March 28th. They issued a “buy” rating and a $317.00 price target on the stock. Finally, Rosenblatt Securities restated a “buy” rating and issued a $310.00 price target on shares of CyberArk Software in a research note on Wednesday, May 1st. Two investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $270.83.

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.