Hodges Capital Management Inc. Sells 19,017 Shares of CyberArk Software Ltd. $CYBR

Key Points

• Hodges Capital Management Inc. reduced its holdings in CyberArk Software Ltd. by 39.4%, selling 19,017 shares and retaining approximately 0.06% of the company worth $9,877,000.
• Several institutional investors have significantly increased their stakes in CyberArk, with Price T Rowe Associates Inc. boosting its position by 1,598.3% during the first quarter.
• CyberArk reported a quarterly earnings per share (EPS) of $0.88, exceeding the expected $0.79, and had total revenue of $328.03 million, surpassing analyst expectations.

Hodges Capital Management Inc. reduced its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 39.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,221 shares of the technology company's stock after selling 19,017 shares during the period. Hodges Capital Management Inc. owned approximately 0.06% of CyberArk Software worth $9,877,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Golden State Wealth Management LLC boosted its position in shares of CyberArk Software by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock worth $26,000 after buying an additional 39 shares in the last quarter. Whipplewood Advisors LLC boosted its position in shares of CyberArk Software by 135.3% in the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock worth $27,000 after buying an additional 46 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of CyberArk Software by 421.1% in the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock worth $33,000 after buying an additional 80 shares in the last quarter. Morse Asset Management Inc purchased a new stake in shares of CyberArk Software in the 1st quarter worth about $34,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in shares of CyberArk Software by 340.0% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 110 shares of the technology company's stock worth $37,000 after buying an additional 85 shares in the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

CyberArk Software Stock Up 0.2%

NASDAQ:CYBR traded up $0.80 on Wednesday, hitting $476.74. 683,272 shares of the company's stock traded hands, compared to its average volume of 930,371. 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 Ltd. has a 1 year low of $267.18 and a 1 year high of $482.76. The firm has a 50-day moving average price of $422.38 and a 200-day moving average price of $382.26. The company has a market cap of $23.57 billion, a PE ratio of -141.56 and a beta of 1.03.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.88 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $315.43 million. During the same period in the previous year, the company earned $0.54 earnings per share. The company's quarterly revenue was up 46.0% compared to the same quarter last year. Equities analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. William Blair lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th. UBS Group lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and boosted their price objective for the stock from $480.00 to $485.00 in a research report on Thursday, July 31st. Barclays upped their target price on shares of CyberArk Software from $405.00 to $440.00 and gave the company an "overweight" rating in a report on Monday, July 14th. Needham & Company LLC upped their target price on shares of CyberArk Software from $460.00 to $551.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Finally, Baird R W downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Fourteen research analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $435.11.

CyberArk Software Company 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.