Hodges Capital Management Inc. Lowers Stock Holdings in 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. cut its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 39.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,221 shares of the technology company's stock after selling 19,017 shares during the period. Hodges Capital Management Inc. owned 0.06% of CyberArk Software worth $9,877,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of CYBR. Golden State Wealth Management LLC grew its stake in shares of CyberArk Software by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock valued at $26,000 after buying an additional 39 shares in the last quarter. Whipplewood Advisors LLC raised its stake in CyberArk Software by 135.3% during the first quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock worth $27,000 after acquiring an additional 46 shares in the last quarter. Bessemer Group Inc. raised its stake in CyberArk Software by 421.1% during the first quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock worth $33,000 after acquiring an additional 80 shares in the last quarter. Morse Asset Management Inc bought a new stake in shares of CyberArk Software during the first quarter worth about $34,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in CyberArk Software by 340.0% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 110 shares of the technology company's stock valued at $37,000 after acquiring an additional 85 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

CyberArk Software Stock Down 1.0%

Shares of CYBR traded down $4.89 during trading hours on Friday, hitting $466.30. The company had a trading volume of 639,038 shares, compared to its average volume of 878,114. CyberArk Software Ltd. has a one year low of $266.64 and a one year high of $480.59. The company's fifty day moving average price is $419.28 and its two-hundred day moving average price is $380.82. 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 company has a market capitalization of $23.05 billion, a PE ratio of -138.37 and a beta of 1.03.

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

Wall Street Analysts Forecast Growth

CYBR has been the topic of a number of recent research reports. UBS Group cut CyberArk Software from a "strong-buy" rating to a "hold" rating and increased their target price for the stock from $480.00 to $485.00 in a report on Thursday, July 31st. Baird R W downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Scotiabank reissued a "sector perform" rating and set a $448.00 target price (down from $460.00) on shares of CyberArk Software in a research note on Tuesday, August 5th. Robert W. Baird reissued a "neutral" rating and issued a $460.00 target price on shares of CyberArk Software in a research note on Friday, August 1st. Finally, Needham & Company LLC increased their target price on CyberArk Software from $460.00 to $551.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Fourteen investment analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the company's stock. According to data from MarketBeat, CyberArk Software currently has a consensus rating of "Hold" and a consensus target price 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.