Summit Securities Group LLC Takes Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Summit Securities Group LLC purchased a new position in CyberArk Software Ltd. (NASDAQ:CYBR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,004 shares of the technology company’s stock, valued at approximately $550,000.

A number of other institutional investors have also bought and sold shares of the company. MARSHALL WACE ASIA Ltd acquired a new position in CyberArk Software during the first quarter worth approximately $56,420,000. Marshall Wace North America L.P. acquired a new position in CyberArk Software during the first quarter worth approximately $56,420,000. Ameriprise Financial Inc. boosted its position in CyberArk Software by 3.9% in the first quarter. Ameriprise Financial Inc. now owns 1,001,178 shares of the technology company’s stock worth $50,930,000 after buying an additional 37,788 shares during the last quarter. Jennison Associates LLC boosted its position in CyberArk Software by 62.8% in the first quarter. Jennison Associates LLC now owns 959,820 shares of the technology company’s stock worth $48,826,000 after buying an additional 370,293 shares during the last quarter. Finally, American Capital Management Inc. boosted its position in CyberArk Software by 151.5% in the second quarter. American Capital Management Inc. now owns 605,200 shares of the technology company’s stock worth $30,230,000 after buying an additional 364,560 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

Shares of CyberArk Software Ltd. (NASDAQ:CYBR) opened at 40.07 on Friday. The firm has a market capitalization of $1.19 billion, a P/E ratio of 51.44 and a beta of 2.57. CyberArk Software Ltd. has a 52-week low of $39.57 and a 52-week high of $59.28. The stock has a 50 day moving average of $44.90 and a 200-day moving average of $49.41.

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CYBR has been the subject of a number of research analyst reports. Zacks Investment Research upgraded CyberArk Software from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Vetr upgraded CyberArk Software from a “buy” rating to a “strong-buy” rating and set a $60.34 price target for the company in a report on Monday, May 15th. TheStreet cut CyberArk Software from a “c” rating to a “d+” rating in a report on Thursday. Oppenheimer Holdings, Inc. reduced their price target on CyberArk Software from $60.00 to $51.00 and set an “outperform” rating for the company in a report on Friday, July 14th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $48.00 price target (down previously from $55.00) on shares of CyberArk Software in a report on Friday, July 14th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $51.17.

About CyberArk Software

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.

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

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