Acadian Asset Management LLC Reduces Stock Holdings in CyberArk Software Ltd. $CYBR

Key Points

• Acadian Asset Management LLC significantly reduced its stake in CyberArk Software Ltd. by 82.3%, selling 259,499 shares and owning 55,639 shares worth approximately $18.8 million following the transaction.
• CyberArk Software reported a 46.0% increase in revenue year-over-year for Q2, with earnings per share of $0.88, exceeding analysts' expectations of $0.79.
• Several institutional investors, including UBS AM, boosted their stakes in CyberArk, indicating continued confidence in the company's future performance amidst mixed analyst ratings.

Acadian Asset Management LLC cut its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 82.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 55,639 shares of the technology company's stock after selling 259,499 shares during the period. Acadian Asset Management LLC owned 0.11% of CyberArk Software worth $18,795,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Thoma Bravo L.P. acquired a new stake in shares of CyberArk Software in the fourth quarter valued at approximately $380,637,000. Invesco Ltd. increased its stake in shares of 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 purchasing an additional 122,423 shares during the last quarter. 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 during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of 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 acquiring an additional 335,634 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of CyberArk Software by 18.7% during the 1st quarter. JPMorgan Chase & Co. now owns 675,032 shares of the technology company's stock valued at $228,161,000 after acquiring an additional 106,435 shares in the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. DA Davidson lifted their target price on CyberArk Software from $465.00 to $518.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Rosenblatt Securities lowered CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $445.00 price objective for the company. in a research report on Friday, August 1st. Royal Bank Of Canada reissued a "sector perform" rating and issued a $448.00 price objective (up from $420.00) on shares of CyberArk Software in a research report on Thursday, July 31st. William Blair lowered CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Finally, KeyCorp lowered CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 31st. Fourteen equities research analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the company's stock. According to data from MarketBeat.com, CyberArk Software currently has a consensus rating of "Hold" and a consensus target price of $435.11.

CyberArk Software Stock Down 1.0%

CyberArk Software stock traded down $4.89 during midday trading on Friday, reaching $466.30. The stock had a trading volume of 639,038 shares, compared to its average volume of 878,114. CyberArk Software Ltd. has a 12 month low of $266.64 and a 12 month high of $480.59. The company has a market capitalization of $23.05 billion, a P/E ratio of -138.37 and a beta of 1.03. The company has a fifty day moving average price of $419.28 and a two-hundred day moving average price of $380.82. 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 (NASDAQ:CYBR - Get Free Report) last issued its earnings results on Wednesday, July 30th. The technology company reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.09. The business had revenue of $328.03 million during the quarter, compared to analyst estimates of $315.43 million. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.The firm's revenue was up 46.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 EPS. As a group, equities analysts expect 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.