DekaBank Deutsche Girozentrale Has $919,000 Holdings in CyberArk Software Ltd. $CYBR

DekaBank Deutsche Girozentrale grew its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 2.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,266 shares of the technology company’s stock after buying an additional 51 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in CyberArk Software were worth $919,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Invesco Ltd. grew its stake in CyberArk Software by 12.2% during the first quarter. Invesco Ltd. now owns 1,129,894 shares of the technology company’s stock worth $381,904,000 after buying an additional 122,423 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in CyberArk Software by 1,598.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 979,181 shares of the technology company’s stock worth $330,964,000 after buying an additional 921,523 shares during the last quarter. Voya Investment Management LLC grew its stake in CyberArk Software by 0.7% during the first quarter. Voya Investment Management LLC now owns 888,898 shares of the technology company’s stock worth $300,448,000 after buying an additional 6,314 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in CyberArk Software by 82.9% during 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 worth $250,290,000 after buying an additional 335,634 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in CyberArk Software by 18.7% during the first quarter. JPMorgan Chase & Co. now owns 675,032 shares of the technology company’s stock worth $228,161,000 after buying an additional 106,435 shares during the last quarter. 91.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on CYBR. Zacks Research cut shares of CyberArk Software from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 21st. UBS Group cut shares of CyberArk Software from a “strong-buy” rating to a “hold” rating and upped their price objective for the stock from $480.00 to $485.00 in a research note on Thursday, July 31st. Oppenheimer reissued a “market perform” rating on shares of CyberArk Software in a research note on Friday, August 1st. JMP Securities reissued a “market perform” rating on shares of CyberArk Software in a research note on Tuesday, September 23rd. Finally, BTIG Research cut shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Ten research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $448.85.

CyberArk Software Price Performance

CYBR opened at $511.93 on Monday. The company’s 50 day simple moving average is $475.82 and its 200-day simple moving average is $412.92. CyberArk Software Ltd. has a one year low of $271.68 and a one year high of $514.28. The stock has a market capitalization of $25.84 billion, a P/E ratio of -151.91 and a beta of 1.01. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.31 and a quick ratio of 2.31.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $328.03 million for the quarter, compared to analyst estimates of $315.43 million. During the same period in the prior year, the business posted $0.54 earnings per share. CyberArk Software’s revenue was up 46.0% compared to the same quarter last year. Sell-side analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share 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.