The Bank of Nova Scotia owns $469,000 of shares in CyberArk Software Ltd. (NASDAQ:CYBR)
The Bank of Nova Scotia has increased its stake in CyberArk Software Ltd. (NASDAQ: CYBR – Get a rating) by 26.3% in the first quarter, according to the company in its latest 13F filing with the SEC. The institutional investor held 2,779 shares of the tech company after buying an additional 579 shares during the quarter. The Bank of Nova Scotia’s holdings in CyberArk Software were worth $469,000 when it last filed with the SEC.
A number of other hedge funds have also recently changed their positions in CYBR. EverSource Wealth Advisors LLC acquired a new position in CyberArk Software stock in Q4 worth $26,000. Parallel Advisors LLC increased its position in CyberArk Software shares by 77.2% during the 1st quarter. Parallel Advisors LLC now owns 163 shares of the technology company worth $28,000 after buying 71 additional shares in the last quarter. Endurance Wealth Management Inc. acquired a new equity stake in CyberArk Software during Q1 worth approximately $42,000. Lindbrook Capital LLC increased its position in CyberArk Software shares by 16.8% during the first quarter. Lindbrook Capital LLC now owns 430 shares of the technology company worth $73,000 after buying 62 additional shares in the last quarter. Finally, Prospera Financial Services Inc acquired a new equity stake in CyberArk Software during Q1 worth approximately $78,000. Institutional investors and hedge funds hold 89.52% of the company’s shares.
Wall Street analysts predict growth
CYBR has been the subject of a number of recent analyst reports. Stephens launched coverage on CyberArk Software shares in a Wednesday, May 25 research report. They set an “overweight” rating and a target price of $170.00 for the company. Robert W. Baird lowered his price target on CyberArk Software shares from $200.00 to $180.00 in a Friday, May 13 research report. StockNews.com upgraded CyberArk Software’s stock from a “sell” rating to a “hold” rating in a Wednesday, May 25 research report. Needham & Company LLC raised its target price on CyberArk Software stock from $195.00 to $200.00 and gave the stock a “buy” rating in a Thursday, Aug. 11 research report. Finally, Wedbush raised its price target on CyberArk Software shares from $150.00 to $170.00 and gave the company an “outperform” rating in a Thursday, Aug. 11 research report. Three equity research analysts gave the stock a hold rating and thirteen gave the company a buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $177.67.
CyberArk software inventory down 1.0%
CyberArk Software Stock opened at $151.04 on Friday. The company’s 50-day simple moving average is $135.33 and its 200-day simple moving average is $145.78. CyberArk Software Ltd. has a fifty-two week minimum of $100.35 and a fifty-two week maximum of $201.68. The company has a market capitalization of $6.15 billion, a price-earnings ratio of -50.01 and a beta of 1.20. The company has a debt ratio of 0.86, a current ratio of 2.81 and a quick ratio of 2.81.
CyberArk Software (NASDAQ: CYBR – Get a rating) last released its quarterly earnings data on Wednesday, August 10. The technology company reported ($0.27) earnings per share for the quarter, beating the consensus estimate of ($0.30) by $0.03. CyberArk Software had a negative net margin of 22.37% and a negative return on equity of 15.42%. The company posted revenue of $142.33 million for the quarter, versus analyst estimates of $138.45 million. In the same quarter last year, the company achieved EPS of ($0.45). CyberArk Software’s quarterly revenue increased 21.4% compared to the same quarter last year. As a group, sell-side analysts predict that CyberArk Software Ltd. will show -3.67 EPS for the current year.
CyberArk Software Company Profile
CyberArk Software Ltd., together with its subsidiaries, develops, markets and sells software-based security solutions and services in the United States, Europe, the Middle East, Africa and internationally. Its solutions include Privileged Access Manager which provides 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 the risk of excessive privileges by implementing least privilege in cloud environments.
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