Goldman Sachs Group Inc. boosted its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 88.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 71,414 shares of the technology company’s stock after buying an additional 33,538 shares during the period. Goldman Sachs Group Inc. owned approximately 0.24% of CyberArk Software worth $3,567,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in CyberArk Software in the 1st quarter valued at approximately $102,000. BNP Paribas Arbitrage SA raised its stake in shares of CyberArk Software by 198.4% during the second quarter. BNP Paribas Arbitrage SA now owns 3,796 shares of the technology company’s stock valued at $190,000 after acquiring an additional 2,524 shares during the last quarter. Advisor Group Inc. raised its stake in shares of CyberArk Software by 6.4% during the second quarter. Advisor Group Inc. now owns 3,874 shares of the technology company’s stock valued at $193,000 after acquiring an additional 232 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in shares of CyberArk Software during the first quarter valued at $201,000. Finally, Legal & General Group Plc bought a new position in shares of CyberArk Software during the first quarter valued at $250,000. Institutional investors and hedge funds own 79.02% of the company’s stock.
CYBR has been the subject of several analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $55.00 price target (down previously from $62.00) on shares of CyberArk Software in a research note on Friday, July 14th. Stifel Nicolaus restated a “buy” rating and issued a $55.00 price target (down from $62.00) on shares of CyberArk Software in a report on Friday, July 14th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $56.00 price target (down from $64.00) on shares of CyberArk Software in a report on Friday, July 14th. Evercore ISI restated a “buy” rating and issued a $56.00 price target (down from $60.00) on shares of CyberArk Software in a report on Friday, July 14th. Finally, BidaskClub cut shares of CyberArk Software from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $49.91.
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Shares of CyberArk Software Ltd. (NASDAQ CYBR) traded up $0.63 during trading hours on Friday, reaching $44.84. 370,300 shares of the company traded hands, compared to its average volume of 642,089. The stock has a market capitalization of $1,535.92, a PE ratio of 69.08, a P/E/G ratio of 3.62 and a beta of 2.56. CyberArk Software Ltd. has a 12 month low of $39.34 and a 12 month high of $56.25.
CyberArk Software Company Profile
CyberArk Software Ltd is an Israel-based provider of information technology (IT) security solutions that protects organizations from cyber-attacks. The Company’s software solutions are focused on protecting privileged accounts, which have become a critical target in the lifecycle of cyber-attacks. The Company’s Privileged Account Security Solution consists of various products, such as Shares Technology Platform, Enterprise Password Vault, SSH Key Manager, Privileged Session Manager, Privileged Threat Analytics, Application Identity Manager, CyberArk-Conjur, Endpoint Privilege Manager and On-Demand Privileges Manager.
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