Dimensional Fund Advisors LP Purchases 5,483 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Dimensional Fund Advisors LP increased its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 506.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,565 shares of the technology company's stock after purchasing an additional 5,483 shares during the quarter. Dimensional Fund Advisors LP's holdings in CyberArk Software were worth $1,795,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of CYBR. Oppenheimer Asset Management Inc. grew its position in shares of CyberArk Software by 31.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 13,333 shares of the technology company's stock valued at $3,646,000 after purchasing an additional 3,208 shares in the last quarter. O Neil Global Advisors Inc. bought a new position in shares of CyberArk Software during the second quarter valued at about $1,812,000. Westover Capital Advisors LLC raised its stake in shares of CyberArk Software by 2.4% during the second quarter. Westover Capital Advisors LLC now owns 14,457 shares of the technology company's stock valued at $3,953,000 after acquiring an additional 340 shares during the last quarter. Prevail Innovative Wealth Advisors LLC increased its position in shares of CyberArk Software by 29.7% during the second quarter. Prevail Innovative Wealth Advisors LLC now owns 7,917 shares of the technology company's stock valued at $2,165,000 after buying an additional 1,815 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its position in shares of CyberArk Software by 10.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 2,444 shares of the technology company's stock valued at $657,000 after buying an additional 229 shares during the period. Institutional investors own 91.84% of the company's stock.

CyberArk Software Price Performance

Shares of CyberArk Software stock traded up $0.84 during trading on Friday, hitting $295.30. The stock had a trading volume of 336,927 shares, compared to its average volume of 527,291. CyberArk Software Ltd. has a 12 month low of $154.76 and a 12 month high of $299.03. The firm's fifty day simple moving average is $275.98 and its 200-day simple moving average is $260.02. The stock has a market cap of $12.48 billion, a PE ratio of -461.41 and a beta of 1.12.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.14. CyberArk Software had a negative net margin of 1.53% and a negative return on equity of 0.21%. The company had revenue of $224.71 million during the quarter, compared to analysts' expectations of $219.06 million. During the same period in the previous year, the company earned ($0.58) EPS. The firm's quarterly revenue was up 27.8% on a year-over-year basis. Analysts expect that CyberArk Software Ltd. will post -1.06 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Jefferies Financial Group upped their price objective on shares of CyberArk Software from $315.00 to $330.00 and gave the stock a "buy" rating in a report on Tuesday, September 24th. KeyCorp increased their price objective on shares of CyberArk Software from $300.00 to $310.00 and gave the company an "overweight" rating in a research report on Friday, August 9th. Robert W. Baird increased their price target on shares of CyberArk Software from $295.00 to $315.00 and gave the stock an "outperform" rating in a research report on Friday, August 9th. Guggenheim reiterated a "buy" rating and issued a $300.00 price target on shares of CyberArk Software in a research report on Tuesday, June 25th. Finally, JMP Securities reissued a "market outperform" rating and issued a $310.00 price objective on shares of CyberArk Software in a research note on Monday, June 17th. One research analyst has rated the stock with a hold rating and twenty-four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $297.84.

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.