First Hawaiian Bank Acquires 245 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

First Hawaiian Bank lifted its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 8.6% in the second quarter, HoldingsChannel.com reports. The firm owned 3,082 shares of the technology company’s stock after acquiring an additional 245 shares during the period. First Hawaiian Bank’s holdings in CyberArk Software were worth $843,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Transcend Capital Advisors LLC bought a new stake in CyberArk Software during the 2nd quarter worth about $249,000. Cetera Advisors LLC raised its holdings in CyberArk Software by 18.2% in the first quarter. Cetera Advisors LLC now owns 5,515 shares of the technology company’s stock worth $1,465,000 after purchasing an additional 851 shares during the period. Cetera Investment Advisers grew its stake in CyberArk Software by 527.2% in the first quarter. Cetera Investment Advisers now owns 11,452 shares of the technology company’s stock valued at $3,042,000 after acquiring an additional 9,626 shares during the period. Swedbank AB bought a new stake in CyberArk Software during the 1st quarter worth approximately $109,466,000. Finally, iA Global Asset Management Inc. acquired a new position in CyberArk Software in the 1st quarter worth $4,428,000. 91.84% of the stock is currently owned by institutional investors and hedge funds.

CyberArk Software Stock Down 2.2 %

NASDAQ CYBR traded down $5.52 on Monday, reaching $241.52. The company had a trading volume of 698,532 shares, compared to its average volume of 546,675. The stock has a market cap of $10.21 billion, a price-to-earnings ratio of -380.81 and a beta of 1.14. The stock’s 50 day moving average is $256.60 and its 200-day moving average is $252.18. CyberArk Software Ltd. has a 52 week low of $142.92 and a 52 week high of $284.10.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.51) by $0.67. The firm had revenue of $221.55 million for the quarter, compared to the consensus estimate of $213.42 million. CyberArk Software had a negative return on equity of 2.51% and a negative net margin of 3.20%. As a group, analysts forecast that CyberArk Software Ltd. will post -1.24 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on CYBR. Barclays raised their price objective on CyberArk Software from $280.00 to $315.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Guggenheim reaffirmed a “buy” rating and set a $300.00 price target on shares of CyberArk Software in a research note on Tuesday, June 25th. Wedbush reaffirmed an “outperform” rating and set a $285.00 price objective on shares of CyberArk Software in a report on Friday, May 3rd. Bank of America reissued a “buy” rating and set a $315.00 price objective on shares of CyberArk Software in a research note on Wednesday, April 24th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $300.00 price objective on shares of CyberArk Software in a report on Monday, July 22nd. Two analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $280.63.

About CyberArk Software

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.