US Bancorp DE Has $4.41 Million Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Key Points

• US Bancorp DE increased its position in CyberArk Software by 19.5%, owning 13,034 shares valued at approximately $4.4 million.
• Over 91% of CyberArk's stock is owned by institutional investors and hedge funds, indicating strong institutional interest.
• CyberArk reported a quarterly earnings per share of $0.88, exceeding estimates, and a revenue increase of 46% year-over-year, with total revenue of $328.03 million.

US Bancorp DE increased its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 19.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,034 shares of the technology company's stock after buying an additional 2,128 shares during the quarter. US Bancorp DE's holdings in CyberArk Software were worth $4,405,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of CYBR. Golden State Wealth Management LLC grew its stake in CyberArk Software by 100.0% during the first 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 increased its stake in CyberArk Software by 135.3% in the first quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock valued at $27,000 after acquiring an additional 46 shares during the last quarter. Bessemer Group Inc. increased its stake in CyberArk Software by 421.1% in the first quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock valued at $33,000 after acquiring an additional 80 shares during the last quarter. Morse Asset Management Inc acquired a new position in CyberArk Software during the first quarter valued at approximately $34,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in CyberArk Software by 340.0% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 110 shares of the technology company's stock worth $37,000 after purchasing an additional 85 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CYBR has been the topic of several recent analyst reports. Cantor Fitzgerald reiterated an "overweight" rating and issued a $420.00 price target on shares of CyberArk Software in a research note on Tuesday, July 22nd. William Blair reaffirmed a "market perform" rating on shares of CyberArk Software in a research note on Wednesday, July 30th. Barclays boosted their target price on CyberArk Software from $405.00 to $440.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. BTIG Research cut shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th. Finally, Robert W. Baird reiterated a "neutral" rating and set a $460.00 price objective on shares of CyberArk Software in a research report on Friday, August 1st. Eighteen research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $435.11.

CyberArk Software Trading Up 2.1%

CYBR stock traded up $8.42 during midday trading on Wednesday, hitting $413.46. The stock had a trading volume of 2,264,623 shares, compared to its average volume of 2,294,739. 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 $20.44 billion, a P/E ratio of -122.69 and a beta of 0.96. The business has a fifty day moving average price of $393.63 and a two-hundred day moving average price of $369.20. CyberArk Software Ltd. has a 1-year low of $242.46 and a 1-year high of $452.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 earnings per share for the quarter, topping 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 firm had revenue of $328.03 million during the quarter, compared to analyst estimates of $315.43 million. During the same period last year, the company posted $0.54 EPS. The business's quarterly revenue was up 46.0% on a year-over-year basis. On average, sell-side analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

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.