Fulton Bank N.A. Increases Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

Fulton Bank N.A. boosted its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 4.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,151 shares of the technology company’s stock after buying an additional 92 shares during the quarter. Fulton Bank N.A.’s holdings in CyberArk Software were worth $588,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CYBR. Montag A & Associates Inc. acquired a new stake in CyberArk Software in the 1st quarter valued at $27,000. Mather Group LLC. acquired a new stake in CyberArk Software in the 2nd quarter valued at $27,000. Arcadia Investment Management Corp MI acquired a new stake in CyberArk Software in the 1st quarter valued at $34,000. Blue Bell Private Wealth Management LLC acquired a new stake in CyberArk Software during the 1st quarter worth $34,000. Finally, FinTrust Capital Advisors LLC acquired a new stake in CyberArk Software during the 4th quarter worth $34,000. 91.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Rosenblatt Securities reiterated a “buy” rating and set a $310.00 price target on shares of CyberArk Software in a report on Tuesday. Cantor Fitzgerald restated an “overweight” rating and issued a $300.00 price objective on shares of CyberArk Software in a report on Monday, July 22nd. Barclays boosted their price objective on shares of CyberArk Software from $280.00 to $315.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Canaccord Genuity Group cut their price target on shares of CyberArk Software from $300.00 to $280.00 and set a “buy” rating on the stock in a research note on Tuesday, June 4th. Finally, Wedbush reiterated an “outperform” rating and set a $285.00 price target on shares of CyberArk Software in a research note on Friday, May 3rd. Two research 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, CyberArk Software has an average rating of “Moderate Buy” and a consensus target price of $280.63.

CyberArk Software Trading Up 0.5 %

CYBR traded up $1.25 during midday trading on Wednesday, hitting $243.92. The company’s stock had a trading volume of 300,042 shares, compared to its average volume of 545,308. The firm has a market cap of $10.31 billion, a P/E ratio of -379.17 and a beta of 1.14. The firm has a 50-day moving average price of $256.60 and a two-hundred day moving average price of $252.27. CyberArk Software Ltd. has a 52-week low of $142.92 and a 52-week high of $284.10.

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.