ASR Vermogensbeheer N.V. Takes Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Key Points

• ASR Vermogensbeheer N.V. has acquired a new stake in CyberArk Software Ltd., purchasing 1,009 shares valued at approximately $341,000 in the first quarter.
• CyberArk Software's latest earnings report showed an EPS of $0.88, surpassing analyst expectations, with a year-over-year revenue increase of 46.0%.
• Analysts have mixed ratings for CyberArk Software, with a consensus rating of "Hold" and an average target price of $435.11.

ASR Vermogensbeheer N.V. acquired a new stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,009 shares of the technology company's stock, valued at approximately $341,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bessemer Group Inc. boosted its stake in shares of CyberArk Software by 421.1% in the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock valued at $33,000 after buying an additional 80 shares during the period. Golden State Wealth Management LLC raised its position in shares of CyberArk Software by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock worth $26,000 after acquiring an additional 39 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of CyberArk Software by 17.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,868 shares of the technology company's stock worth $627,000 after acquiring an additional 280 shares in the last quarter. Blue Trust Inc. raised its position in shares of CyberArk Software by 5.9% during the 1st quarter. Blue Trust Inc. now owns 1,099 shares of the technology company's stock worth $371,000 after acquiring an additional 61 shares in the last quarter. Finally, Yousif Capital Management LLC raised its position in shares of CyberArk Software by 9.1% during the 1st quarter. Yousif Capital Management LLC now owns 2,235 shares of the technology company's stock worth $755,000 after acquiring an additional 187 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company's stock.

CyberArk Software Price Performance

CYBR traded down $8.04 during trading on Thursday, reaching $414.78. 792,565 shares of the stock were exchanged, compared to its average volume of 923,968. The business's 50 day moving average price is $395.68 and its two-hundred day moving average price is $370.99. 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 $20.50 billion, a price-to-earnings ratio of -123.08 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.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Morgan Stanley reissued 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 report on Thursday, July 31st. Wedbush reaffirmed a "neutral" rating and set a $450.00 price target on shares of CyberArk Software in a research report on Thursday, July 31st. DA Davidson lifted their price target on CyberArk Software from $465.00 to $518.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Finally, Robert W. Baird reaffirmed a "neutral" rating and set a $460.00 price target on shares of CyberArk Software in a research report on Friday, August 1st. Eighteen investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus 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.