Oddo BHF Asset Management Sas Makes New Investment in CyberArk Software Ltd. (NASDAQ:CYBR)

Oddo BHF Asset Management Sas bought a new position in CyberArk Software Ltd. (NASDAQ:CYBR) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 3,893 shares of the technology company’s stock, valued at approximately $1,135,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CYBR. ORG Partners LLC purchased a new position in shares of CyberArk Software in the 2nd quarter worth approximately $33,000. 1620 Investment Advisors Inc. purchased a new position in shares of CyberArk Software during the second quarter valued at $39,000. Assetmark Inc. raised its holdings 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 valued at $39,000 after purchasing an additional 123 shares in the last quarter. Arcadia Investment Management Corp MI boosted its position in CyberArk Software by 42.2% during the 2nd quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock valued at $50,000 after acquiring an additional 54 shares in the last quarter. Finally, Transcendent Capital Group LLC purchased a new position in CyberArk Software in the third quarter valued at about $51,000. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Down 2.5 %

Shares of NASDAQ CYBR opened at $313.36 on Friday. The stock has a market capitalization of $13.65 billion, a price-to-earnings ratio of 1,160.64 and a beta of 1.13. CyberArk Software Ltd. has a 52 week low of $198.01 and a 52 week high of $333.32. The firm has a 50-day simple moving average of $302.18 and a 200-day simple moving average of $277.92.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.48. The company had revenue of $240.10 million during the quarter, compared to the consensus estimate of $234.10 million. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. CyberArk Software’s quarterly revenue was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.31) EPS. As a group, equities research analysts expect that CyberArk Software Ltd. will post -0.58 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CYBR shares. Wells Fargo & Company upped their price target on CyberArk Software from $300.00 to $350.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. JMP Securities lifted their price target on CyberArk Software from $310.00 to $360.00 and gave the stock a “market outperform” rating in a research report on Thursday, November 14th. Mizuho raised their price target on shares of CyberArk Software from $345.00 to $365.00 and gave the stock an “outperform” rating in a research report on Friday. KeyCorp boosted their price objective on CyberArk Software from $340.00 to $355.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Finally, UBS Group upped their target price on CyberArk Software from $340.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. One analyst has rated the stock with a hold rating and twenty-six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $333.00.

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.