Amundi Has $179.55 Million Stake in CyberArk Software Ltd. $CYBR

Key Points

• Amundi increased its holdings in CyberArk Software by 153.5%, acquiring an additional 331,498 shares during the first quarter, bringing its total shares to 547,466.
• CyberArk Software reported a 46.0% increase in quarterly revenue year-over-year, achieving $328.03 million, and reported earnings of $0.88 per share, exceeding analysts' expectations.
• Despite strong performance, multiple analysts have downgraded CyberArk's stock to a "hold" rating, with a current average target price of $435.11.

Amundi grew its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 153.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 547,466 shares of the technology company's stock after acquiring an additional 331,498 shares during the period. Amundi owned about 1.11% of CyberArk Software worth $179,547,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Thoma Bravo L.P. bought a new stake in CyberArk Software during the fourth quarter valued at about $380,637,000. Price T Rowe Associates Inc. MD grew its position in shares of CyberArk Software by 1,598.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 979,181 shares of the technology company's stock worth $330,964,000 after buying an additional 921,523 shares in the last quarter. Congress Asset Management Co. boosted its position in CyberArk Software by 304.2% during the first quarter. Congress Asset Management Co. now owns 332,770 shares of the technology company's stock valued at $112,476,000 after purchasing an additional 250,441 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of CyberArk Software by 545.1% in the 1st quarter. BNP Paribas Financial Markets now owns 230,362 shares of the technology company's stock worth $77,862,000 after purchasing an additional 194,651 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of CyberArk Software by 7,524.4% during the fourth quarter. Janus Henderson Group PLC now owns 170,710 shares of the technology company's stock worth $56,914,000 after purchasing an additional 168,471 shares during the period. 91.84% of the stock is owned by institutional investors.

CyberArk Software Trading Up 0.7%

Shares of NASDAQ:CYBR traded up $3.18 during trading on Wednesday, hitting $472.67. 239,250 shares of the company's stock were exchanged, compared to its average volume of 925,952. CyberArk Software Ltd. has a 1-year low of $259.08 and a 1-year high of $480.59. The firm has a market cap of $23.36 billion, a P/E ratio of -140.20 and a beta of 1.03. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.53. The firm has a 50-day moving average price of $414.86 and a two-hundred day moving average price of $378.56.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.09. The company had revenue of $328.03 million during the quarter, compared to analysts' expectations 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 revenue for the quarter was up 46.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 earnings per share. Equities analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CYBR shares. UBS Group cut shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and upped their price objective for the stock from $480.00 to $485.00 in a research report on Thursday, July 31st. DA Davidson boosted their price objective on CyberArk Software from $465.00 to $518.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $448.00 price target (up previously from $420.00) on shares of CyberArk Software in a research report on Thursday, July 31st. Wolfe Research cut shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Finally, BTIG Research cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th. Fourteen investment 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 company currently has a consensus rating of "Hold" and a consensus price target of $435.11.

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.