Ameriprise Financial Inc. Cuts Stake in CyberArk Software Ltd. $CYBR

Key Points

• Ameriprise Financial Inc. has reduced its stake in CyberArk Software by 36.0%, now holding approximately 241,925 shares valued at around $81.78 million.
• CyberArk Software reported $328.03 million in revenue for the last quarter, surpassing analyst estimates and marking a 46.0% year-over-year increase.
• Analysts maintain a consensus rating of "Hold" for CyberArk Software, with an average price target of $435.11, following various changes in ratings from firms such as BTIG Research and Scotiabank.

Ameriprise Financial Inc. lessened its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 36.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 241,925 shares of the technology company's stock after selling 135,835 shares during the quarter. Ameriprise Financial Inc. owned about 0.49% of CyberArk Software worth $81,783,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CYBR. Guggenheim Capital LLC acquired a new stake in CyberArk Software during the 4th quarter valued at $296,000. Dimensional Fund Advisors LP grew its holdings 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 buying an additional 53 shares during the last quarter. MetLife Investment Management LLC grew its holdings 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 buying an additional 1,100 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in CyberArk Software during the 4th quarter valued at $152,000. Finally, Hsbc Holdings PLC grew its holdings in CyberArk Software by 15.3% during the 4th quarter. Hsbc Holdings PLC now owns 13,252 shares of the technology company's stock valued at $4,412,000 after buying an additional 1,761 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company's stock.

CyberArk Software Trading Up 0.0%

CyberArk Software stock traded up $0.09 during midday trading on Friday, reaching $453.26. The stock had a trading volume of 705,902 shares, compared to its average volume of 1,549,911. CyberArk Software Ltd. has a twelve month low of $254.43 and a twelve month high of $457.07. The stock has a market capitalization of $22.40 billion, a PE ratio of -134.50 and a beta of 0.96. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.31 and a current ratio of 2.31. The stock's 50-day simple moving average is $406.31 and its 200 day simple moving average is $375.97.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $315.43 million. During the same period last year, the company posted $0.54 earnings per share. The firm's revenue was up 46.0% compared to the same quarter last year. Analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Wall Street Analyst Weigh In

CYBR has been the topic of several analyst reports. Morgan Stanley restated an "equal weight" rating on shares of CyberArk Software in a report on Tuesday, May 13th. Wolfe Research cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Baird R W cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Oppenheimer restated a "market perform" rating on shares of CyberArk Software in a report on Friday, August 1st. Finally, Roth Capital initiated coverage on CyberArk Software in a report on Tuesday, May 13th. They set a "buy" rating and a $415.00 price objective on the stock. Fourteen equities research analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the company's stock. According to MarketBeat.com, CyberArk Software currently 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.