EFG Asset Management Americas Corp. purchased a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,093 shares of the technology company's stock, valued at approximately $2,059,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in CyberArk Software by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 74,029 shares of the technology company's stock worth $24,663,000 after purchasing an additional 662 shares during the last quarter. DnB Asset Management AS lifted its position in shares of CyberArk Software by 1.5% during the fourth quarter. DnB Asset Management AS now owns 6,538 shares of the technology company's stock worth $2,178,000 after purchasing an additional 97 shares during the last quarter. California Public Employees Retirement System raised its position in shares of CyberArk Software by 3.4% during the 4th quarter. California Public Employees Retirement System now owns 186,261 shares of the technology company's stock valued at $62,053,000 after acquiring an additional 6,200 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of CyberArk Software by 14.9% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 979 shares of the technology company's stock valued at $326,000 after buying an additional 127 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in shares of CyberArk Software by 144.8% during the fourth quarter. Alliancebernstein L.P. now owns 245,492 shares of the technology company's stock valued at $81,786,000 after purchasing an additional 145,221 shares during the last quarter. Hedge funds and other institutional investors own 91.84% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on CYBR. Wolfe Research reaffirmed a "peer perform" rating on shares of CyberArk Software in a research note on Friday. Morgan Stanley reaffirmed an "equal weight" rating on shares of CyberArk Software in a research report on Tuesday, May 13th. Guggenheim reiterated a "neutral" rating and issued a $455.00 price target on shares of CyberArk Software in a research report on Thursday. Baird R W downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Friday. Finally, UBS Group cut shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and raised their target price for the stock from $480.00 to $485.00 in a report on Thursday. Seventeen equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, CyberArk Software has a consensus rating of "Hold" and a consensus target price of $433.39.
Get Our Latest Analysis on CyberArk Software
CyberArk Software Trading Up 0.6%
CyberArk Software stock traded up $2.53 during trading hours on Friday, reaching $414.00. 3,227,349 shares of the company's stock traded hands, compared to its average volume of 2,003,482. The firm has a market capitalization of $20.46 billion, a price-to-earnings ratio of -122.85 and a beta of 0.96. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.29 and a current ratio of 2.31. CyberArk Software Ltd. has a fifty-two week low of $230.00 and a fifty-two week high of $452.00. The firm's 50 day moving average is $391.99 and its 200-day moving average is $368.01.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its 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. 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 for the quarter, compared to analyst estimates of $315.43 million. During the same quarter in the prior year, the firm posted $0.54 earnings per share. The company's quarterly revenue was up 46.0% on a year-over-year basis. On average, analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.
About CyberArk Software
(
Free Report)
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.
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