Capital Fund Management S.A. Reduces Stock Position in CyberArk Software Ltd. $CYBR

Key Points

• Capital Fund Management S.A. reduced its ownership in CyberArk Software Ltd. by 73.6% during Q1, selling 30,271 shares, leaving them with 10,834 shares valued at approximately $3.66 million.
• Several institutional investors, such as Thoma Bravo L.P. and Invesco Ltd., have made significant changes to their holdings in CyberArk, indicating active interest and fluctuating support among large investors.
• CyberArk reported strong earnings growth, with a 46% year-over-year increase in revenue, exceeding earnings expectations by $0.09, although analysts project a negative EPS for the current fiscal year.

Capital Fund Management S.A. cut its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 73.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,834 shares of the technology company's stock after selling 30,271 shares during the quarter. Capital Fund Management S.A.'s holdings in CyberArk Software were worth $3,662,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Credit Agricole S A raised its position in CyberArk Software by 1.3% in the first quarter. Credit Agricole S A now owns 94,680 shares of the technology company's stock worth $32,002,000 after acquiring an additional 1,242 shares in the last quarter. Groupama Asset Managment raised its position in CyberArk Software by 25.8% in the first quarter. Groupama Asset Managment now owns 167,145 shares of the technology company's stock worth $56,117,000 after acquiring an additional 34,249 shares in the last quarter. MIG Capital LLC raised its position in CyberArk Software by 130.8% in the first quarter. MIG Capital LLC now owns 2,453 shares of the technology company's stock worth $829,000 after acquiring an additional 1,390 shares in the last quarter. Hsbc Holdings PLC raised its position in CyberArk Software by 67.1% in the first quarter. Hsbc Holdings PLC now owns 22,145 shares of the technology company's stock worth $7,365,000 after acquiring an additional 8,893 shares in the last quarter. Finally, Korea Investment CORP increased its position in shares of CyberArk Software by 5.8% in the first quarter. Korea Investment CORP now owns 28,853 shares of the technology company's stock valued at $9,752,000 after buying an additional 1,581 shares in the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CYBR shares. Wolfe Research cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Needham & Company LLC raised their price target on CyberArk Software from $460.00 to $551.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Baird R W cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. William Blair cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Finally, Stephens cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 31st. Fourteen equities research analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $435.11.

CyberArk Software Trading Up 1.6%

NASDAQ:CYBR traded up $7.13 during mid-day trading on Thursday, reaching $453.41. The company's stock had a trading volume of 1,129,176 shares, compared to its average volume of 938,867. The company's fifty 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. CyberArk Software Ltd. has a twelve month low of $254.43 and a twelve month high of $454.68. The stock has a market cap of $22.41 billion, a P/E ratio of -134.63 and a beta of 0.96.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.09. The business had revenue of $328.03 million for the quarter, compared to analyst estimates of $315.43 million. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.The company's revenue was up 46.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 EPS. On average, equities analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current year.

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.