CyberArk Software Ltd. (NASDAQ:CYBR) Stock Holdings Decreased by Bangor Savings Bank

Bangor Savings Bank reduced its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 87.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 939 shares of the technology company’s stock after selling 6,441 shares during the period. Bangor Savings Bank’s holdings in CyberArk Software were worth $147,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Wasatch Advisors LP grew its position in CyberArk Software by 1.5% during the first quarter. Wasatch Advisors LP now owns 2,368,668 shares of the technology company’s stock valued at $350,515,000 after purchasing an additional 36,006 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of CyberArk Software by 12.4% in the first quarter. Franklin Resources Inc. now owns 1,206,293 shares of the technology company’s stock worth $178,507,000 after buying an additional 132,707 shares during the last quarter. RGM Capital LLC lifted its stake in shares of CyberArk Software by 3.5% in the first quarter. RGM Capital LLC now owns 1,203,308 shares of the technology company’s stock worth $178,066,000 after buying an additional 40,921 shares during the last quarter. Voya Investment Management LLC lifted its stake in shares of CyberArk Software by 41.5% in the fourth quarter. Voya Investment Management LLC now owns 1,143,888 shares of the technology company’s stock worth $148,305,000 after buying an additional 335,266 shares during the last quarter. Finally, Pictet Asset Management SA raised its stake in CyberArk Software by 20.9% during the 1st quarter. Pictet Asset Management SA now owns 1,135,764 shares of the technology company’s stock valued at $168,070,000 after purchasing an additional 196,627 shares during the last quarter. 92.14% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Stock Down 0.9 %

Shares of NASDAQ:CYBR opened at $170.01 on Friday. CyberArk Software Ltd. has a 12 month low of $113.19 and a 12 month high of $171.95. The company’s 50-day moving average price is $160.13 and its two-hundred day moving average price is $149.72. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 0.83. The firm has a market cap of $6.98 billion, a P/E ratio of -60.50 and a beta of 1.04.

CyberArk Software (NASDAQ:CYBR) last released its earnings results on Thursday, August 10th. The technology company reported ($0.58) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.86) by $0.28. CyberArk Software had a negative net margin of 17.55% and a negative return on equity of 15.40%. The company had revenue of $175.84 million for the quarter, compared to the consensus estimate of $173.20 million. As a group, research analysts forecast that CyberArk Software Ltd. will post -2.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CYBR shares. Bank of America upped their target price on shares of CyberArk Software from $175.00 to $187.00 in a research note on Thursday, May 25th. Barclays boosted their price target on shares of CyberArk Software from $178.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, August 11th. Citigroup boosted their price target on shares of CyberArk Software from $180.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, August 29th. Needham & Company LLC boosted their price target on shares of CyberArk Software from $185.00 to $190.00 and gave the company a “buy” rating in a report on Friday, August 11th. Finally, TheStreet raised shares of CyberArk Software from a “d+” rating to a “c-” rating in a report on Tuesday, June 20th. Four equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $184.22.

CyberArk Software Company Profile

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sales software-based security solutions and services in the United States, Israel, Europe, the Middle East, Africa, the United Kingdom, and internationally. Its solutions include Privileged Access Manager that offers risk-based credential security and session management to protect against attacks involving privileged access; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide fast, easy, and secure privileged access to third-party vendors; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Cloud Entitlements Manager, a SaaS solution, which reduces risk that arises from excessive privileges by implementing least privilege across cloud environments.