APG Asset Management N.V. Has $377,000 Stake in CyberArk Software Ltd. $CYBR

Key Points

• APG Asset Management N.V. reduced its stake in CyberArk Software Ltd. by 37.1%, holding 1,204 shares valued at $377,000 as of its latest SEC filing.
• Several institutional investors increased their stakes in CyberArk, with Northwestern Mutual Wealth Management Co. growing its stake by 244.6% to own 22,143 shares valued at $7,484,000.
• CyberArk reported a quarterly earnings per share of $0.88, surpassing expectations, and a revenue increase of 46.0% year-over-year, amounting to $328.03 million.

APG Asset Management N.V. lowered its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 37.1% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,204 shares of the technology company's stock after selling 711 shares during the period. APG Asset Management N.V.'s holdings in CyberArk Software were worth $377,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. grew its stake in CyberArk Software by 244.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 22,143 shares of the technology company's stock worth $7,484,000 after buying an additional 15,717 shares during the last quarter. Groupe la Francaise acquired a new stake in shares of CyberArk Software during the first quarter worth $409,000. Kestra Advisory Services LLC grew its position in CyberArk Software by 41.9% in the first quarter. Kestra Advisory Services LLC now owns 2,578 shares of the technology company's stock valued at $871,000 after purchasing an additional 761 shares in the last quarter. CW Advisors LLC grew its position in shares of CyberArk Software by 189.0% in the 1st quarter. CW Advisors LLC now owns 52,245 shares of the technology company's stock valued at $17,659,000 after acquiring an additional 34,165 shares during the period. Finally, Summit Financial LLC boosted its holdings in shares of CyberArk Software by 0.5% during the 1st quarter. Summit Financial LLC now owns 17,077 shares of the technology company's stock worth $5,772,000 after buying an additional 86 shares during the period. Institutional investors own 91.84% of the company's stock.

CyberArk Software Price Performance

Shares of NASDAQ:CYBR opened at $446.28 on Thursday. CyberArk Software Ltd. has a 1-year low of $254.43 and a 1-year high of $452.00. The firm's 50 day simple moving average is $403.61 and its two-hundred day simple moving average is $375.04. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.31 and a quick ratio of 2.31. The company has a market capitalization of $22.06 billion, a P/E ratio of -132.43 and a beta of 0.96.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its quarterly earnings results 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. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. The company had revenue of $328.03 million for the quarter, compared to analysts' expectations of $315.43 million. During the same quarter in the previous year, the business posted $0.54 earnings per share. CyberArk Software's quarterly revenue was up 46.0% on a year-over-year basis. Research analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Needham & Company LLC boosted their target price on shares of CyberArk Software from $460.00 to $551.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Cantor Fitzgerald restated an "overweight" rating and set a $420.00 price objective on shares of CyberArk Software in a report on Tuesday, July 22nd. Wedbush restated a "neutral" rating and set a $450.00 price objective on shares of CyberArk Software in a report on Thursday, July 31st. Baird R W downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and set a $448.00 target price (up from $420.00) on shares of CyberArk Software in a research report on Thursday, July 31st. Fourteen research analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price 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.

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