Alyeska Investment Group L.P. Lowers Position in CyberArk Software Ltd. $CYBR

Key Points

• Alyeska Investment Group L.P. reduced its stake in CyberArk Software Ltd. by 61.9%, selling 135,407 shares and retaining 83,240 shares worth $28,135,000.
• Multiple institutional investors increased their holdings in CyberArk, with Price T Rowe Associates boosting their stake by 1,598.3%, owning 979,181 shares valued at $330,964,000.
• CyberArk's latest earnings report showed an EPS of $0.88, surpassing estimates, with revenue of $328.03 million, reflecting a year-over-year revenue increase of 46.0%.

Alyeska Investment Group L.P. lessened its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 61.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 83,240 shares of the technology company's stock after selling 135,407 shares during the quarter. Alyeska Investment Group L.P. owned 0.17% of CyberArk Software worth $28,135,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Thoma Bravo L.P. acquired a new stake in shares of CyberArk Software in the 4th quarter valued at approximately $380,637,000. Invesco Ltd. boosted its stake in shares of CyberArk Software by 12.2% during the first 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 in the last quarter. Price T Rowe Associates Inc. MD boosted its stake 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 valued at $330,964,000 after purchasing an additional 921,523 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of CyberArk Software by 18.7% during the first quarter. JPMorgan Chase & Co. now owns 675,032 shares of the technology company's stock valued at $228,161,000 after purchasing an additional 106,435 shares in the last quarter. Finally, Amundi boosted its stake in shares of CyberArk Software by 153.5% during the first quarter. Amundi now owns 547,466 shares of the technology company's stock valued at $179,547,000 after purchasing an additional 331,498 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company's stock.

CyberArk Software Stock Up 0.7%

Shares of NASDAQ:CYBR traded up $3.18 during trading on Wednesday, reaching $472.67. 239,250 shares of the stock were exchanged, compared to its average volume of 925,952. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.31 and a quick ratio of 2.31. CyberArk Software Ltd. has a 1-year low of $259.08 and a 1-year high of $480.59. The stock has a fifty day moving average of $414.86 and a two-hundred day moving average of $378.56. The firm has a market cap of $23.36 billion, a price-to-earnings ratio of -140.20 and a beta of 1.03.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.09. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.The company had revenue of $328.03 million for the quarter, compared to analyst estimates of $315.43 million. During the same period in the prior year, the firm earned $0.54 earnings per share. CyberArk Software's revenue for the quarter was up 46.0% on a year-over-year basis. Research analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CYBR shares. Morgan Stanley reiterated an "equal weight" rating on shares of CyberArk Software in a research report on Tuesday, May 13th. KeyCorp lowered CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. Baird R W downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. UBS Group lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and boosted their target price for the company from $480.00 to $485.00 in a report on Thursday, July 31st. Finally, Rosenblatt Securities downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $445.00 price objective on the stock. in a research note on Friday, August 1st. Fourteen investment analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $435.11.

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.