Bank of New York Mellon Corp Has $71.70 Million Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Bank of New York Mellon Corp raised its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 3.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 212,122 shares of the technology company's stock after acquiring an additional 6,125 shares during the quarter. Bank of New York Mellon Corp owned 0.43% of CyberArk Software worth $71,697,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CYBR. Thoma Bravo L.P. purchased a new stake in CyberArk Software during the 4th quarter worth about $380,637,000. Norges Bank purchased a new stake in CyberArk Software during the 4th quarter worth about $203,375,000. Congress Asset Management Co. grew its holdings in CyberArk Software by 304.2% in the 1st quarter. Congress Asset Management Co. now owns 332,770 shares of the technology company's stock valued at $112,476,000 after buying an additional 250,441 shares during the period. Alyeska Investment Group L.P. acquired a new position in shares of CyberArk Software during the 4th quarter valued at about $72,842,000. Finally, Janus Henderson Group PLC increased its stake in shares of CyberArk Software by 7,524.4% during the 4th quarter. Janus Henderson Group PLC now owns 170,710 shares of the technology company's stock valued at $56,914,000 after acquiring an additional 168,471 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company's stock.

CyberArk Software Stock Performance

NASDAQ:CYBR traded down $2.01 during mid-day trading on Tuesday, hitting $375.02. The company had a trading volume of 379,330 shares, compared to its average volume of 575,995. CyberArk Software Ltd. has a fifty-two week low of $230.00 and a fifty-two week high of $421.00. The business's fifty day moving average is $382.87 and its two-hundred day moving average is $362.73. The firm has a market cap of $18.54 billion, a P/E ratio of -201.62 and a beta of 1.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The technology company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.79 by $0.19. CyberArk Software had a positive return on equity of 0.71% and a negative net margin of 7.97%. The firm had revenue of $317.60 million during the quarter, compared to analysts' expectations of $305.57 million. During the same period in the prior year, the firm posted $0.75 earnings per share. The business's quarterly revenue was up 43.3% compared to the same quarter last year. Equities analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on CYBR shares. Truist Financial dropped their price objective on shares of CyberArk Software from $450.00 to $425.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Royal Bank Of Canada restated an "outperform" rating and issued a $420.00 price target on shares of CyberArk Software in a report on Tuesday, May 13th. Cantor Fitzgerald restated an "overweight" rating and issued a $400.00 price target on shares of CyberArk Software in a report on Tuesday, May 13th. Rosenblatt Securities reiterated a "buy" rating and set a $445.00 target price on shares of CyberArk Software in a research note on Tuesday, May 13th. Finally, Barclays increased their target price on CyberArk Software from $405.00 to $440.00 and gave the company an "overweight" rating in a research note on Monday. Two investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $418.04.

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.