Lazard Asset Management LLC Purchases 155,294 Shares of CyberArk Software Ltd. $CYBR

Lazard Asset Management LLC increased its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 175.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 243,637 shares of the technology company’s stock after acquiring an additional 155,294 shares during the quarter. Lazard Asset Management LLC’s holdings in CyberArk Software were worth $99,130,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new position in CyberArk Software in the 2nd quarter valued at approximately $30,000. NewSquare Capital LLC boosted its position in shares of CyberArk Software by 78.0% during the 2nd quarter. NewSquare Capital LLC now owns 73 shares of the technology company’s stock valued at $30,000 after acquiring an additional 32 shares in the last quarter. AlphaCore Capital LLC acquired a new stake in CyberArk Software during the second quarter valued at approximately $33,000. DHJJ Financial Advisors Ltd. acquired a new position in shares of CyberArk Software in the 2nd quarter worth approximately $81,000. Finally, First Horizon Advisors Inc. grew its position in CyberArk Software by 330.6% in the second quarter. First Horizon Advisors Inc. now owns 211 shares of the technology company’s stock valued at $86,000 after acquiring an additional 162 shares during the period. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CYBR has been the subject of several research analyst reports. Jefferies Financial Group downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 30th. Zacks Research upgraded CyberArk Software from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. Citizens Jmp cut CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Canaccord Genuity Group lowered shares of CyberArk Software from a “buy” rating to a “hold” rating and raised their target price for the company from $440.00 to $502.00 in a research note on Wednesday, October 15th. Finally, Barclays reaffirmed an “equal weight” rating and set a $520.00 target price (up previously from $440.00) on shares of CyberArk Software in a report on Tuesday, October 14th. Seven equities research analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $459.75.

CyberArk Software Price Performance

NASDAQ:CYBR opened at $462.86 on Friday. The company has a market cap of $23.37 billion, a P/E ratio of -100.40, a P/E/G ratio of 24.74 and a beta of 0.99. CyberArk Software Ltd. has a 52-week low of $288.63 and a 52-week high of $526.19. The stock’s 50-day simple moving average is $487.32 and its 200 day simple moving average is $444.31. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.14 and a current ratio of 2.14.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Thursday, November 6th. The technology company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.92 by $0.28. The company had revenue of $342.84 million during the quarter, compared to the consensus estimate of $328.52 million. CyberArk Software had a negative return on equity of 0.07% and a negative net margin of 17.42%.The firm’s revenue for the quarter was up 42.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.94 EPS. As a group, sell-side analysts forecast 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.