CW Advisors LLC Increases Position in CyberArk Software Ltd. $CYBR

Key Points

• CW Advisors LLC increased its stake in CyberArk Software by 189.0% during the first quarter, owning a total of 52,245 shares valued at approximately $17.7 million.
• CyberArk Software reported better-than-expected earnings with $0.88 earnings per share for the last quarter, surpassing analysts' estimates of $0.79.
• Institutional investors own 91.84% of CyberArk Software, indicating significant institutional interest in the company.

CW Advisors LLC lifted its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 189.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,245 shares of the technology company's stock after acquiring an additional 34,165 shares during the period. CW Advisors LLC owned approximately 0.11% of CyberArk Software worth $17,659,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in CYBR. Mariner LLC raised its position in shares of CyberArk Software by 2.1% in the 4th quarter. Mariner LLC now owns 5,769 shares of the technology company's stock worth $1,921,000 after acquiring an additional 121 shares in the last quarter. Guggenheim Capital LLC acquired a new stake in shares of CyberArk Software in the 4th quarter valued at about $296,000. GeoWealth Management LLC boosted its stake in CyberArk Software by 264.3% during the 4th quarter. GeoWealth Management LLC now owns 153 shares of the technology company's stock valued at $51,000 after purchasing an additional 111 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in CyberArk Software by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,684 shares of the technology company's stock valued at $2,227,000 after purchasing an additional 53 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its stake in CyberArk Software by 28.2% during the 4th quarter. MetLife Investment Management LLC now owns 5,000 shares of the technology company's stock valued at $1,666,000 after purchasing an additional 1,100 shares during the last quarter. 91.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CYBR shares. Stephens downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. Morgan Stanley reiterated an "equal weight" rating on shares of CyberArk Software in a research note on Tuesday, May 13th. Wolfe Research downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Roth Capital started coverage on shares of CyberArk Software in a research report on Tuesday, May 13th. They set a "buy" rating and a $415.00 target price on the stock. Finally, KeyCorp cut shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 31st. Fourteen investment analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the stock. Based on data from MarketBeat.com, CyberArk Software currently has an average rating of "Hold" and a consensus target price of $435.11.

CyberArk Software Stock Performance

Shares of NASDAQ:CYBR traded up $5.98 during mid-day trading on Wednesday, reaching $444.02. The company had a trading volume of 478,551 shares, compared to its average volume of 935,268. 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 $21.95 billion, a price-to-earnings ratio of -131.66 and a beta of 0.96. The company's 50-day moving average price is $402.45 and its 200-day moving average price is $374.55. CyberArk Software Ltd. has a one year low of $254.43 and a one year high of $452.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its earnings results 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 business had revenue of $328.03 million for the quarter, compared to analysts' expectations 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 for the quarter was up 46.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.54 EPS. As a group, equities 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.