Advisors Asset Management Inc. Sells 562 Shares of CyberArk Software Ltd. $CYBR

Key Points

• Advisors Asset Management Inc. has reduced its holdings in CyberArk Software Ltd. by 4.6%, now owning 11,643 shares valued at approximately $3.935 million.
• A number of large investors, including Golden State Wealth Management LLC and Bessemer Group Inc., have recently increased their stakes in CyberArk Software, indicating a strong interest among institutional investors.
• CyberArk Software reported a quarterly earnings per share of $0.88, surpassing analyst expectations, with revenue rising 46.0% year-on-year to $328.03 million.

Advisors Asset Management Inc. reduced its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 4.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,643 shares of the technology company's stock after selling 562 shares during the period. Advisors Asset Management Inc.'s holdings in CyberArk Software were worth $3,935,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Golden State Wealth Management LLC raised its stake in CyberArk Software by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock valued at $26,000 after buying an additional 39 shares during the last quarter. Whipplewood Advisors LLC increased its holdings in CyberArk Software by 135.3% in the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock worth $27,000 after acquiring an additional 46 shares in the last quarter. Bessemer Group Inc. raised its position in shares of CyberArk Software by 421.1% during the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock valued at $33,000 after purchasing an additional 80 shares during the period. Morse Asset Management Inc purchased a new position in shares of CyberArk Software in the first quarter valued at about $34,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in CyberArk Software by 340.0% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 110 shares of the technology company's stock worth $37,000 after purchasing an additional 85 shares during the period. 91.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Piper Sandler reaffirmed a "neutral" rating and issued a $448.00 target price (up from $440.00) on shares of CyberArk Software in a report on Thursday, July 31st. Stephens lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 31st. Robert W. Baird reissued a "neutral" rating and set a $460.00 target price on shares of CyberArk Software in a research note on Friday, August 1st. KeyCorp lowered CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. Finally, Morgan Stanley reissued an "equal weight" rating on shares of CyberArk Software in a research report on Tuesday, May 13th. Fourteen equities research analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the stock. According to data from MarketBeat, CyberArk Software has a consensus rating of "Hold" and an average target price of $435.11.

CyberArk Software Trading Up 1.0%

Shares of CyberArk Software stock opened at $462.77 on Friday. The company has a market cap of $22.87 billion, a P/E ratio of -137.32 and a beta of 1.03. The firm has a 50-day simple moving average of $412.06 and a two-hundred day simple moving average of $377.71. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.31 and a current ratio of 2.31. CyberArk Software Ltd. has a fifty-two week low of $254.43 and a fifty-two week high of $466.66.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.79 by $0.09. The company had revenue of $328.03 million for 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%.CyberArk Software's quarterly revenue was up 46.0% compared to the same quarter last year. During the same period last year, the company earned $0.54 earnings per share. As a group, equities analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

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.

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