Oppenheimer Asset Management Inc. Acquires 733 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Oppenheimer Asset Management Inc. raised its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 5.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,066 shares of the technology company’s stock after purchasing an additional 733 shares during the period. Oppenheimer Asset Management Inc.’s holdings in CyberArk Software were worth $4,102,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. raised its position in shares of CyberArk Software by 6.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 76,326 shares of the technology company’s stock worth $22,257,000 after acquiring an additional 4,800 shares in the last quarter. Baillie Gifford & Co. raised its position in shares of CyberArk Software by 0.4% in the 3rd quarter. Baillie Gifford & Co. now owns 101,398 shares of the technology company’s stock worth $29,569,000 after acquiring an additional 407 shares in the last quarter. Venturi Wealth Management LLC raised its position in shares of CyberArk Software by 50.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 753 shares of the technology company’s stock worth $220,000 after acquiring an additional 253 shares in the last quarter. Transcendent Capital Group LLC bought a new position in shares of CyberArk Software in the 3rd quarter worth approximately $51,000. Finally, Assetmark Inc. raised its position in shares of CyberArk Software by 1,025.0% in the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after acquiring an additional 123 shares in the last quarter. Institutional investors own 91.84% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CYBR. Scotiabank began coverage on CyberArk Software in a research report on Monday, October 21st. They issued a “sector outperform” rating and a $340.00 target price for the company. Piper Sandler upped their price target on CyberArk Software from $300.00 to $345.00 and gave the stock an “overweight” rating in a research note on Thursday. KeyCorp upped their price target on CyberArk Software from $340.00 to $355.00 and gave the stock an “overweight” rating in a research note on Thursday. Barclays upped their price target on CyberArk Software from $330.00 to $335.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Royal Bank of Canada upped their price target on CyberArk Software from $328.00 to $358.00 and gave the stock an “outperform” rating in a research note on Thursday. One research analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat.com, CyberArk Software presently has a consensus rating of “Moderate Buy” and an average price target of $328.37.

CyberArk Software Price Performance

CYBR stock opened at $305.27 on Friday. The company has a market cap of $13.30 billion, a P/E ratio of 1,130.67 and a beta of 1.13. CyberArk Software Ltd. has a 1 year low of $183.28 and a 1 year high of $318.16. The stock’s fifty day moving average price is $284.25 and its 200-day moving average price is $266.66.

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.