First Hawaiian Bank Grows Stock Position in CyberArk Software Ltd. $CYBR

Key Points

• First Hawaiian Bank increased its investment in CyberArk Software Ltd. by 123.7%, owning 8,511 shares valued at approximately $2.88 million as of its latest SEC filing.
• Institutional investors now hold a significant majority, with 91.84% of the company's stock under their ownership, indicating strong backing from major financial players.
• Wall Street analysts maintain a neutral rating for CyberArk with a consensus target price around $435.11, reflecting a cautious outlook on its stock performance.

First Hawaiian Bank boosted its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 123.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,511 shares of the technology company's stock after buying an additional 4,706 shares during the quarter. First Hawaiian Bank's holdings in CyberArk Software were worth $2,877,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of CYBR. Ensign Peak Advisors Inc lifted its holdings in shares of CyberArk Software by 84.7% in the 4th quarter. Ensign Peak Advisors Inc now owns 5,450 shares of the technology company's stock worth $1,816,000 after acquiring an additional 2,500 shares during the last quarter. Nuveen Asset Management LLC raised its position in CyberArk Software by 6.3% in the 4th quarter. Nuveen Asset Management LLC now owns 123,051 shares of the technology company's stock worth $40,994,000 after purchasing an additional 7,325 shares during the period. Man Group plc lifted its stake in CyberArk Software by 17.9% in the fourth quarter. Man Group plc now owns 20,735 shares of the technology company's stock worth $6,908,000 after purchasing an additional 3,142 shares during the last quarter. Quantinno Capital Management LP boosted its position in shares of CyberArk Software by 5.3% during the fourth quarter. Quantinno Capital Management LP now owns 1,636 shares of the technology company's stock valued at $545,000 after buying an additional 83 shares during the period. Finally, Seven Grand Managers LLC purchased a new position in shares of CyberArk Software during the fourth quarter valued at approximately $16,658,000. Institutional investors own 91.84% of the company's stock.

Wall Street Analysts Forecast Growth

CYBR has been the topic of several recent analyst reports. Piper Sandler reiterated a "neutral" rating and issued a $448.00 price target (up from $440.00) on shares of CyberArk Software in a report on Thursday, July 31st. Wedbush reiterated a "neutral" rating and issued a $450.00 target price on shares of CyberArk Software in a research note on Thursday, July 31st. Barclays lifted their target price on CyberArk Software from $405.00 to $440.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. Rosenblatt Securities cut shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $445.00 price target on the stock. in a report on Friday, August 1st. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and set a $448.00 price objective (up previously from $420.00) on shares of CyberArk Software in a report on Thursday, July 31st. Fourteen investment analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $435.11.

CyberArk Software Trading Down 1.0%

NASDAQ CYBR opened at $466.30 on Friday. CyberArk Software Ltd. has a one year low of $266.64 and a one year high of $480.59. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.31 and a current ratio of 2.31. The company has a market capitalization of $23.05 billion, a price-to-earnings ratio of -138.37 and a beta of 1.03. The company's 50-day simple moving average is $419.28 and its two-hundred day simple moving average is $380.51.

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

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.

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