CyberArk Software Ltd. $CYBR Shares Bought by Baird Financial Group Inc.

Key Points

• Baird Financial Group Inc. increased its stake in CyberArk Software by 28.5%, owning 18,058 shares worth approximately $6.1 million after an additional purchase of 4,010 shares in the first quarter.
• CyberArk's recent quarterly earnings exceeded analysts' expectations, reporting $0.88 EPS and revenues of $328.03 million, marking a 46% year-over-year increase.
• Analyst ratings for CyberArk have shifted, with several firms lowering their ratings to "hold"' from "strong-buy", while the average target price is set at approximately $435.11.

Baird Financial Group Inc. increased its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 28.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,058 shares of the technology company's stock after buying an additional 4,010 shares during the period. Baird Financial Group Inc.'s holdings in CyberArk Software were worth $6,104,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CYBR. Dimensional Fund Advisors LP increased its position in CyberArk Software by 0.8% during 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 last quarter. Tower Research Capital LLC TRC acquired a new position in CyberArk Software during the fourth quarter worth approximately $152,000. Mercer Global Advisors Inc. ADV increased its position in CyberArk Software by 221.3% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 3,081 shares of the technology company's stock worth $1,027,000 after purchasing an additional 2,122 shares during the last quarter. Benjamin Edwards Inc. increased its position in CyberArk Software by 5.6% during the fourth quarter. Benjamin Edwards Inc. now owns 3,484 shares of the technology company's stock worth $1,161,000 after purchasing an additional 185 shares during the last quarter. Finally, Captrust Financial Advisors increased its position in CyberArk Software by 39.6% during the fourth quarter. Captrust Financial Advisors now owns 6,607 shares of the technology company's stock worth $2,201,000 after purchasing an additional 1,873 shares during the last quarter. Hedge funds and other institutional investors own 91.84% of the company's stock.

CyberArk Software Price Performance

CYBR opened at $455.55 on Thursday. The company has a fifty day simple moving average of $409.68 and a 200 day simple moving average of $377.03. The firm has a market cap of $22.52 billion, a price-to-earnings ratio of -135.18 and a beta of 1.03. CyberArk Software Ltd. has a twelve month low of $254.43 and a twelve month high of $457.07. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.53.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly 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. The business had revenue of $328.03 million during the quarter, compared to analyst estimates of $315.43 million. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. The business's revenue was up 46.0% on a year-over-year basis. During the same period last year, the business earned $0.54 EPS. Equities research analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on CYBR shares. Stephens lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" 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. Baird R W lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Stifel Nicolaus reissued a "hold" rating and issued a $444.00 target price on shares of CyberArk Software in a research note on Thursday, July 31st. Finally, Guggenheim lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $455.00 target price on the stock. in a report on Thursday, July 31st. Fourteen equities research analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average 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.

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