PointState Capital LP Takes Position in CyberArk Software Ltd. $CYBR

Key Points

• PointState Capital LP acquired 28,947 shares of CyberArk Software Ltd., valued at approximately $9.78 million, representing about 0.06% of the company.
• CyberArk reported $0.88 earnings per share (EPS) for the last quarter, beating analyst expectations of $0.79, with a revenue increase of 46% year-over-year.
• Analysts have mixed views on CyberArk, with Needham & Company raising the price target to $551, while several downgraded their ratings to "hold."

PointState Capital LP bought a new position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 28,947 shares of the technology company's stock, valued at approximately $9,784,000. PointState Capital LP owned 0.06% of CyberArk Software at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Nissay Asset Management Corp Japan ADV boosted its holdings in shares of CyberArk Software by 8.8% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 5,663 shares of the technology company's stock worth $1,914,000 after buying an additional 460 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in CyberArk Software by 5.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 168,904 shares of the technology company's stock valued at $57,086,000 after acquiring an additional 9,139 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in shares of CyberArk Software by 9.9% in the first quarter. Integrated Wealth Concepts LLC now owns 9,155 shares of the technology company's stock valued at $3,094,000 after purchasing an additional 828 shares during the period. Edmond DE Rothschild Holding S.A. raised its position in shares of CyberArk Software by 538.7% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 1,929 shares of the technology company's stock valued at $652,000 after purchasing an additional 1,627 shares during the period. Finally, EFG Asset Management North America Corp. increased its position in CyberArk Software by 7.7% during the first quarter. EFG Asset Management North America Corp. now owns 7,530 shares of the technology company's stock worth $2,548,000 after acquiring an additional 540 shares during the period. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CYBR has been the topic of a number of research reports. Stifel Nicolaus reaffirmed a "hold" rating and set a $444.00 target price on shares of CyberArk Software in a research report on Thursday, July 31st. Robert W. Baird reiterated a "neutral" rating and set a $460.00 price target on shares of CyberArk Software in a research note on Friday, August 1st. DA Davidson lifted their price target on shares of CyberArk Software from $465.00 to $518.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Cantor Fitzgerald reiterated an "overweight" rating and set a $420.00 price target on shares of CyberArk Software in a research note on Tuesday, July 22nd. Finally, UBS Group downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and lifted their price target for the stock from $480.00 to $485.00 in a research note on Thursday, July 31st. Fourteen equities research analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $435.11.

CyberArk Software Price Performance

Shares of CyberArk Software stock traded up $3.23 during trading on Thursday, reaching $472.08. The company's stock had a trading volume of 264,791 shares, compared to its average volume of 925,393. The stock has a 50-day moving average price of $416.48 and a two-hundred day moving average price of $379.18. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.53. CyberArk Software Ltd. has a one year low of $266.64 and a one year high of $480.59. The stock has a market capitalization of $23.33 billion, a P/E ratio of -140.12 and a beta of 1.03.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.09. The firm had revenue of $328.03 million during the quarter, compared to analysts' expectations of $315.43 million. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.The company's quarterly revenue was up 46.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.54 EPS. As a group, sell-side analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

CyberArk Software 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.