Resona Asset Management Co. Ltd. Buys New Position in CyberArk Software Ltd. $CYBR

Resona Asset Management Co. Ltd. purchased a new position in CyberArk Software Ltd. (NASDAQ:CYBR) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 13,404 shares of the technology company’s stock, valued at approximately $5,454,000.

Other large investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its position in shares of 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 purchasing an additional 921,523 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in 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 valued at $250,290,000 after purchasing an additional 335,634 shares in the last quarter. Amundi increased its stake in 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 increased its stake in CyberArk Software by 545.1% during the 1st quarter. BNP Paribas Financial Markets now owns 230,362 shares of the technology company’s stock worth $77,862,000 after buying an additional 194,651 shares during the period. Finally, Invesco Ltd. lifted its holdings in CyberArk Software by 12.2% in the 1st 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 in the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Price Performance

Shares of NASDAQ CYBR opened at $503.87 on Monday. 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 company has a market capitalization of $25.43 billion, a price-to-earnings ratio of -149.52 and a beta of 1.01. CyberArk Software Ltd. has a twelve month low of $288.00 and a twelve month high of $526.19. The business has a 50 day simple moving average of $490.51 and a 200-day simple moving average of $426.11.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Thursday, November 6th. The technology company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.28. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.The firm had revenue of $342.84 million for the quarter, compared to analysts’ expectations of $328.52 million. During the same period last year, the business posted $0.94 earnings per share. The firm’s revenue for the quarter was up 42.8% on a year-over-year basis. As a group, equities research analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on CYBR shares. William Blair downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Baird R W cut CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Needham & Company LLC raised their price objective on CyberArk Software from $460.00 to $551.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. Barclays restated an “equal weight” rating and set a $520.00 price objective (up from $440.00) on shares of CyberArk Software in a report on Tuesday, October 14th. Finally, Wolfe Research lowered CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Nine investment analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $451.69.

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.