American Century Companies Inc. Sells 30,231 Shares of CyberArk Software Ltd. $CYBR

Key Points

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American Century Companies Inc. decreased its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 9.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 280,128 shares of the technology company's stock after selling 30,231 shares during the period. American Century Companies Inc. owned approximately 0.57% of CyberArk Software worth $94,683,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Thoma Bravo L.P. bought a new position in shares of CyberArk Software in the 4th quarter valued at $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. JPMorgan Chase & Co. increased its stake in shares of CyberArk Software by 18.7% in the 1st 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 during the last quarter. Driehaus Capital Management LLC increased its stake in shares of CyberArk Software by 31.5% in the 4th quarter. Driehaus Capital Management LLC now owns 478,096 shares of the technology company's stock valued at $159,278,000 after purchasing an additional 114,622 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in shares of CyberArk Software by 1.0% in the 1st quarter. Deutsche Bank AG now owns 362,296 shares of the technology company's stock valued at $122,456,000 after purchasing an additional 3,726 shares during the last quarter. Institutional investors own 91.84% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CYBR. Morgan Stanley reiterated an "equal weight" rating on shares of CyberArk Software in a research note on Tuesday, May 13th. Scotiabank reissued a "sector perform" rating and set a $448.00 price objective (down previously from $460.00) on shares of CyberArk Software in a report on Tuesday, August 5th. DA Davidson raised their price objective on CyberArk Software from $465.00 to $518.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Baird R W downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Finally, 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. Fourteen investment analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the company's 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 Down 0.8%

CYBR traded down $3.55 during midday trading on Thursday, hitting $435.12. 965,187 shares of the company were exchanged, compared to its average volume of 942,680. The firm has a market capitalization of $21.51 billion, a P/E ratio of -129.12 and a beta of 0.96. CyberArk Software Ltd. has a 1-year low of $254.43 and a 1-year high of $452.00. The firm's 50 day moving average price is $398.56 and its 200-day moving average price is $372.95. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53.

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