Assenagon Asset Management S.A. Buys 20,107 Shares of CyberArk Software Ltd. $CYBR

Key Points

• Assenagon Asset Management S.A. increased its stake in CyberArk Software Ltd. by 14.9% during the second quarter, owning approximately 155,435 shares valued at $63.24 million.
• During its last earnings report, CyberArk reported an EPS of $0.88, exceeding expectations and demonstrating a 46.0% year-over-year revenue growth.
• Analysts have shown mixed ratings for CyberArk, with the average rating being a "Hold" and a target price of $435.11.

Assenagon Asset Management S.A. increased its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 14.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 155,435 shares of the technology company's stock after buying an additional 20,107 shares during the quarter. Assenagon Asset Management S.A. owned about 0.31% of CyberArk Software worth $63,243,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC increased its holdings in CyberArk Software by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock valued at $26,000 after purchasing an additional 39 shares during the period. Whipplewood Advisors LLC increased its holdings in CyberArk Software by 135.3% during the first quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock valued at $27,000 after buying an additional 46 shares during the period. Bessemer Group Inc. grew its holdings in CyberArk Software by 421.1% in the first quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock worth $33,000 after purchasing an additional 80 shares during the last quarter. Morse Asset Management Inc acquired a new position in CyberArk Software during the first quarter valued at $34,000. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in shares of CyberArk Software by 340.0% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 110 shares of the technology company's stock worth $37,000 after purchasing an additional 85 shares in the last quarter. 91.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CYBR shares. JMP Securities reaffirmed a "market perform" rating on shares of CyberArk Software in a research report on Tuesday. Cantor Fitzgerald reissued an "overweight" rating and issued a $420.00 price target on shares of CyberArk Software in a research report on Tuesday, July 22nd. Rosenblatt Securities lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $445.00 price target on the stock. in a research note on Friday, August 1st. DA Davidson upped their price target on shares of CyberArk Software from $465.00 to $518.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, KeyCorp downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 31st. Thirteen investment analysts have rated the stock with a Buy rating and eighteen have given a Hold rating to the company. According to MarketBeat, CyberArk Software presently has an average rating of "Hold" and an average price target of $435.11.

CyberArk Software Price Performance

NASDAQ:CYBR traded down $9.36 during mid-day trading on Tuesday, reaching $481.75. 377,763 shares of the company were exchanged, compared to its average volume of 924,771. The company has a fifty day moving average of $430.67 and a 200 day moving average of $386.37. CyberArk Software Ltd. has a 12 month low of $269.00 and a 12 month high of $493.85. The stock has a market cap of $23.81 billion, a PE ratio of -143.10 and a beta of 1.03. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53.

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