Alliancebernstein L.P. Has $87.89 Million Stock Holdings in CyberArk Software Ltd. $CYBR

Key Points

• AllianceBernstein L.P. increased its stake in CyberArk Software by 5.9%, owning 260,022 shares worth approximately $87.89 million.
• CyberArk Software reported a 46% year-over-year revenue increase with earnings per share of $0.88, beating the consensus estimate of $0.79.
• Several brokerages updated their ratings on CyberArk Software, with DA Davidson raising the target price to $518 while other firms downgraded their ratings to "hold."

Alliancebernstein L.P. increased its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 5.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 260,022 shares of the technology company's stock after acquiring an additional 14,530 shares during the period. Alliancebernstein L.P. owned about 0.53% of CyberArk Software worth $87,887,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. AQR Capital Management LLC acquired a new stake in shares of CyberArk Software during the 1st quarter worth approximately $284,000. Ardsley Advisory Partners LP boosted its position in shares of CyberArk Software by 111.7% during the 1st quarter. Ardsley Advisory Partners LP now owns 12,700 shares of the technology company's stock worth $4,293,000 after acquiring an additional 6,700 shares in the last quarter. Amundi boosted its position in shares of 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 acquiring an additional 331,498 shares in the last quarter. Cigna Investments Inc. New raised its stake in CyberArk Software by 8.6% during the first quarter. Cigna Investments Inc. New now owns 884 shares of the technology company's stock worth $299,000 after acquiring an additional 70 shares in the last quarter. Finally, One Wealth Capital Management LLC acquired a new position in CyberArk Software during the first quarter worth about $202,000. Institutional investors and hedge funds own 91.84% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on CYBR. DA Davidson boosted their target price on CyberArk Software from $465.00 to $518.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Rosenblatt Securities downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $445.00 price objective for the company. in a research note on Friday, August 1st. KeyCorp downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. Guggenheim downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $455.00 price objective on the stock. in a report on Thursday, July 31st. Finally, Piper Sandler reissued a "neutral" rating and set a $448.00 price objective (up previously from $440.00) on shares of CyberArk Software in a report on Thursday, July 31st. Fourteen analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $435.11.

CyberArk Software Price Performance

CYBR stock opened at $462.77 on Friday. The company has a fifty day moving average price of $412.06 and a 200-day moving average price of $377.71. The company has a market capitalization of $22.87 billion, a P/E ratio of -137.32 and a beta of 1.03. CyberArk Software Ltd. has a 52-week low of $254.43 and a 52-week high of $466.66. 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 (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.09. The firm had revenue of $328.03 million during the quarter, compared to the consensus estimate of $315.43 million. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. The company's revenue for the quarter was up 46.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 earnings per share. As a group, equities analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current 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.

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