Financial Advisors LLC Acquires Shares of 500 CyberArk Software Ltd. $CYBR

Financial Advisors LLC acquired a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) during the 2nd quarter, Holdings Channel reports. The firm acquired 500 shares of the technology company’s stock, valued at approximately $203,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Invesco Ltd. grew its stake in shares of CyberArk Software by 12.2% in the first quarter. Invesco Ltd. now owns 1,129,894 shares of the technology company’s stock valued at $381,904,000 after acquiring an additional 122,423 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in CyberArk Software by 1,598.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 979,181 shares of the technology company’s stock worth $330,964,000 after purchasing an additional 921,523 shares in the last quarter. Voya Investment Management LLC boosted its holdings in CyberArk Software by 0.7% in the 1st quarter. Voya Investment Management LLC now owns 888,898 shares of the technology company’s stock valued at $300,448,000 after purchasing an additional 6,314 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of CyberArk Software by 82.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 740,504 shares of the technology company’s stock worth $250,290,000 after purchasing an additional 335,634 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of CyberArk Software by 18.7% during the 1st quarter. JPMorgan Chase & Co. now owns 675,032 shares of the technology company’s stock worth $228,161,000 after purchasing an additional 106,435 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Canaccord Genuity Group downgraded shares of CyberArk Software from a “buy” rating to a “hold” rating and lifted their price target for the company from $440.00 to $502.00 in a research report on Wednesday, October 15th. JMP Securities restated a “market perform” rating on shares of CyberArk Software in a research note on Tuesday, September 23rd. DA Davidson upped their target price on CyberArk Software from $465.00 to $518.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Cantor Fitzgerald reissued an “overweight” rating and set a $420.00 target price on shares of CyberArk Software in a report on Tuesday, July 22nd. Finally, Stifel Nicolaus restated a “hold” rating and issued a $444.00 price target on shares of CyberArk Software in a research report on Thursday, July 31st. Ten analysts have rated the stock with a Buy rating and twenty-one have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $448.85.

CyberArk Software Stock Up 0.9%

CYBR stock opened at $490.95 on Monday. The stock has a market capitalization of $24.78 billion, a P/E ratio of -145.68 and a beta of 1.01. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.53. The firm has a 50-day moving average price of $466.92 and a 200-day moving average price of $406.39. CyberArk Software Ltd. has a 12 month low of $271.68 and a 12 month high of $514.28.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.09. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. The firm had revenue of $328.03 million for the quarter, compared to analysts’ expectations of $315.43 million. During the same quarter in the previous year, the firm posted $0.54 earnings per share. The company’s revenue was up 46.0% on a year-over-year basis. As a group, equities research analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

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.