Arkadios Wealth Advisors Raises Holdings in CyberArk Software Ltd. $CYBR

Arkadios Wealth Advisors boosted its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 17.0% in the 2nd quarter, Holdings Channel reports. The fund owned 2,079 shares of the technology company’s stock after buying an additional 302 shares during the period. Arkadios Wealth Advisors’ holdings in CyberArk Software were worth $846,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new position in shares of CyberArk Software during the 2nd quarter valued at approximately $30,000. Morse Asset Management Inc acquired a new stake in CyberArk Software during the first quarter valued at $34,000. Whittier Trust Co. of Nevada Inc. increased its holdings in CyberArk Software by 340.0% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 110 shares of the technology company’s stock valued at $37,000 after buying an additional 85 shares in the last quarter. Harbour Investments Inc. raised its position in shares of CyberArk Software by 298.0% in the first quarter. Harbour Investments Inc. now owns 203 shares of the technology company’s stock worth $69,000 after acquiring an additional 152 shares during the period. Finally, WPG Advisers LLC purchased a new stake in shares of CyberArk Software during the 1st quarter worth about $74,000. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Guggenheim lowered CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $455.00 price target for the company. in a research note on Thursday, July 31st. Scotiabank reissued a “sector perform” rating and issued a $448.00 price objective (down from $460.00) on shares of CyberArk Software in a report on Tuesday, August 5th. Oppenheimer reaffirmed a “market perform” rating on shares of CyberArk Software in a research note on Friday, August 1st. JMP Securities reissued a “market perform” rating on shares of CyberArk Software in a research note on Tuesday, September 23rd. Finally, UBS Group cut shares of CyberArk Software from a “strong-buy” rating to a “hold” rating and upped their price objective for the stock from $480.00 to $485.00 in a research report on Thursday, July 31st. Ten equities research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, CyberArk Software has an average 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 52-week low of $271.68 and a 52-week high of $526.19. The stock has a market cap of $26.29 billion, a PE ratio of -154.53 and a beta of 1.01. The firm’s fifty day moving average is $484.32 and its two-hundred day moving average is $419.64. 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.