Aptus Capital Advisors LLC Sells 1,367 Shares of CyberArk Software Ltd. $CYBR

Key Points

• Aptus Capital Advisors LLC reduced its stake in CyberArk Software by 18.4% during the 1st quarter, holding 6,077 shares valued at approximately $2.05 million at the end of the quarter.
• CyberArk Software's recent earnings report showed $0.88 earnings per share (EPS), exceeding the expected $0.79, with revenue of $328.03 million for the quarter, reflecting a 46% year-over-year increase.
• Analyst ratings for CyberArk have shifted recently, with several firms downgrading the stock from "strong-buy" to "hold," yet it still maintains a consensus rating of "Hold" with an average target price of $435.11.

Aptus Capital Advisors LLC lessened its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 18.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,077 shares of the technology company's stock after selling 1,367 shares during the quarter. Aptus Capital Advisors LLC's holdings in CyberArk Software were worth $2,054,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CYBR. Mariner LLC raised its holdings in shares of CyberArk Software by 2.1% during the fourth quarter. Mariner LLC now owns 5,769 shares of the technology company's stock valued at $1,921,000 after acquiring an additional 121 shares in the last quarter. Guggenheim Capital LLC purchased a new stake in CyberArk Software in the fourth quarter worth $296,000. GeoWealth Management LLC grew its stake in CyberArk Software by 264.3% in the fourth quarter. GeoWealth Management LLC now owns 153 shares of the technology company's stock worth $51,000 after purchasing an additional 111 shares during the period. Dimensional Fund Advisors LP grew its stake in CyberArk Software by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,684 shares of the technology company's stock worth $2,227,000 after purchasing an additional 53 shares during the period. Finally, MetLife Investment Management LLC grew its stake in CyberArk Software by 28.2% in the fourth quarter. MetLife Investment Management LLC now owns 5,000 shares of the technology company's stock worth $1,666,000 after purchasing an additional 1,100 shares during the period. Institutional investors own 91.84% of the company's stock.

CyberArk Software Stock Performance

CYBR stock traded down $2.88 during trading on Monday, reaching $438.36. The stock had a trading volume of 239,655 shares, compared to its average volume of 936,815. CyberArk Software Ltd. has a 52 week low of $254.43 and a 52 week high of $452.00. The stock's 50 day moving average is $400.51 and its two-hundred day moving average is $373.72. 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 market cap of $21.67 billion, a PE ratio of -130.05 and a beta of 0.96.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share for the quarter, beating 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 the consensus estimate of $315.43 million. During the same quarter in the prior year, the company earned $0.54 earnings per share. CyberArk Software's revenue was up 46.0% on a year-over-year basis. As a group, equities analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CYBR shares. Roth Capital started coverage on CyberArk Software in a research note on Tuesday, May 13th. They issued a "buy" rating and a $415.00 price target on the stock. KeyCorp cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 31st. DA Davidson increased their price objective on CyberArk Software from $465.00 to $518.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Stephens cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 31st. Finally, Wedbush reaffirmed a "neutral" rating and set a $450.00 price objective on shares of CyberArk Software in a research 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. Based on data from MarketBeat.com, CyberArk Software presently has a consensus rating of "Hold" and a consensus target price 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.