Summit Securities Group LLC acquired a new stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) during the second quarter, Holdings Channel reports. The fund acquired 11,004 shares of the technology company’s stock, valued at approximately $550,000.

Other hedge funds also recently bought and sold shares of the company. First Trust Advisors LP boosted its stake in CyberArk Software by 61.4% in the first quarter. First Trust Advisors LP now owns 125,314 shares of the technology company’s stock valued at $6,375,000 after buying an additional 47,692 shares during the period. Jennison Associates LLC boosted its stake in CyberArk Software by 62.8% in the first quarter. Jennison Associates LLC now owns 959,820 shares of the technology company’s stock valued at $48,826,000 after buying an additional 370,293 shares during the period. Wells Fargo & Company MN boosted its stake in CyberArk Software by 4.1% in the first quarter. Wells Fargo & Company MN now owns 560,530 shares of the technology company’s stock valued at $28,514,000 after buying an additional 22,060 shares during the period. DUPONT CAPITAL MANAGEMENT Corp boosted its stake in CyberArk Software by 61.9% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 6,539 shares of the technology company’s stock valued at $333,000 after buying an additional 2,500 shares during the period. Finally, American Capital Management Inc. boosted its stake in CyberArk Software by 144.0% in the first quarter. American Capital Management Inc. now owns 240,640 shares of the technology company’s stock valued at $12,241,000 after buying an additional 142,030 shares during the period. Hedge funds and other institutional investors own 80.84% of the company’s stock.

Shares of CyberArk Software Ltd. (CYBR) opened at 40.07 on Friday. CyberArk Software Ltd. has a one year low of $39.57 and a one year high of $59.28. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 51.44 and a beta of 2.57. The firm has a 50-day moving average of $44.90 and a 200-day moving average of $49.41.

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Several research firms have recently weighed in on CYBR. Summit Redstone cut shares of CyberArk Software from a “buy” rating to a “hold” rating and set a $50.00 price objective on the stock. in a research report on Friday, May 12th. Bank of America Corporation cut shares of CyberArk Software from a “buy” rating to an “underperform” rating and lowered their price objective for the company from $62.00 to $43.00 in a research report on Friday, May 12th. Imperial Capital cut shares of CyberArk Software from an “outperform” rating to an “in-line” rating and lowered their price objective for the company from $63.00 to $55.00 in a research report on Friday, May 12th. Evercore ISI restated an “in-line” rating and set a $60.00 price objective on shares of CyberArk Software in a research report on Friday, May 12th. Finally, Piper Jaffray Companies lowered their price objective on shares of CyberArk Software from $63.00 to $61.00 and set an “overweight” rating on the stock in a research report on Friday, May 12th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. CyberArk Software presently has an average rating of “Hold” and an average target price of $51.17.

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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Institutional Ownership by Quarter for CyberArk Software (NASDAQ:CYBR)

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