First Hawaiian Bank Has $2.88 Million Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

First Hawaiian Bank lifted its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 123.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,511 shares of the technology company's stock after acquiring an additional 4,706 shares during the quarter. First Hawaiian Bank's holdings in CyberArk Software were worth $2,877,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in CYBR. China Universal Asset Management Co. Ltd. bought a new stake in shares of CyberArk Software in the fourth quarter valued at about $1,166,000. Spire Wealth Management lifted its holdings in shares of CyberArk Software by 236.8% during the fourth quarter. Spire Wealth Management now owns 4,756 shares of the technology company's stock valued at $1,584,000 after acquiring an additional 3,344 shares during the period. Van ECK Associates Corp lifted its holdings in CyberArk Software by 6.1% during the 4th quarter. Van ECK Associates Corp now owns 17,870 shares of the technology company's stock valued at $5,953,000 after purchasing an additional 1,035 shares during the last quarter. Alta Wealth Advisors LLC bought a new position in CyberArk Software in the 4th quarter valued at $507,000. Finally, Janney Montgomery Scott LLC raised its holdings in shares of CyberArk Software by 23.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 12,162 shares of the technology company's stock valued at $4,052,000 after buying an additional 2,346 shares during the last quarter. Institutional investors own 91.84% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Stephens began coverage on shares of CyberArk Software in a research report on Tuesday, April 1st. They issued an "overweight" rating and a $440.00 price objective for the company. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $420.00 target price on shares of CyberArk Software in a research note on Tuesday, May 13th. JPMorgan Chase & Co. upped their target price on shares of CyberArk Software from $375.00 to $431.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Guggenheim reaffirmed a "buy" rating and issued a $455.00 target price on shares of CyberArk Software in a research note on Tuesday, February 25th. Finally, Oppenheimer upped their price objective on shares of CyberArk Software from $360.00 to $420.00 and gave the company an "outperform" rating in a research report on Wednesday, February 5th. Two analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $415.71.

CyberArk Software Stock Up 0.4%

Shares of NASDAQ:CYBR traded up $1.47 during midday trading on Friday, hitting $380.42. The stock had a trading volume of 697,433 shares, compared to its average volume of 552,183. The business's 50-day simple moving average is $348.57 and its 200-day simple moving average is $346.35. CyberArk Software Ltd. has a 12 month low of $225.88 and a 12 month high of $421.00. The company has a market cap of $18.80 billion, a P/E ratio of -195.09 and a beta of 0.99.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The technology company reported $0.98 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.19. CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. The firm had revenue of $317.60 million during the quarter, compared to analysts' expectations of $305.57 million. During the same period in the previous year, the business posted $0.75 earnings per share. The company's revenue for the quarter was up 43.3% compared to the same quarter last year. As a group, equities analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

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.