Asset Management One Co. Ltd. Grows Holdings in CyberArk Software Ltd. $CYBR

Asset Management One Co. Ltd. grew its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 0.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 49,327 shares of the technology company’s stock after acquiring an additional 168 shares during the period. Asset Management One Co. Ltd.’s holdings in CyberArk Software were worth $20,070,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of CYBR. Price T Rowe Associates Inc. MD increased its stake in shares of 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 valued at $330,964,000 after purchasing an additional 921,523 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of CyberArk Software by 82.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 740,504 shares of the technology company’s stock valued at $250,290,000 after buying an additional 335,634 shares in the last quarter. Amundi raised its stake in shares of CyberArk Software by 153.5% during the 1st quarter. Amundi now owns 547,466 shares of the technology company’s stock worth $179,547,000 after buying an additional 331,498 shares during the period. BNP Paribas Financial Markets lifted its position in shares of CyberArk Software by 545.1% during the 1st quarter. BNP Paribas Financial Markets now owns 230,362 shares of the technology company’s stock valued at $77,862,000 after buying an additional 194,651 shares in the last quarter. Finally, Invesco Ltd. grew its stake in CyberArk Software by 12.2% in the 1st 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 during the period. 91.84% of the stock is currently owned by institutional investors and hedge funds.

CyberArk Software Price Performance

NASDAQ:CYBR opened at $511.93 on Friday. CyberArk Software Ltd. has a one year low of $271.68 and a one year high of $514.28. The stock has a market cap of $25.84 billion, a PE ratio of -151.91 and a beta of 1.01. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.31 and a current ratio of 2.31. The stock has a 50 day moving average price of $475.82 and a 200 day moving average price of $412.48.

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on CYBR. Piper Sandler restated a “neutral” rating and set a $448.00 price objective (up from $440.00) on shares of CyberArk Software in a research report on Thursday, July 31st. UBS Group lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating and raised their price target for the company from $480.00 to $485.00 in a research note on Thursday, July 31st. Wolfe Research lowered CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Rosenblatt Securities downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $445.00 target price on the stock. in a research report on Friday, August 1st. Finally, Guggenheim lowered CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $455.00 price target on the stock. in a research note on Thursday, July 31st. Ten equities research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, CyberArk Software presently has an average rating of “Hold” and an average price target of $448.85.

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.