CyberArk Software Ltd. $CYBR Shares Acquired by Fjarde AP Fonden Fourth Swedish National Pension Fund

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in CyberArk Software by 7.7% in Q1, now holding 15,324 shares valued at approximately $5.18 million.
• Shares of CyberArk Software have a market cap of $20.95 billion and reported a 46% revenue increase year-over-year, with earnings of $0.88 per share for the last quarter.
• Recent analyst ratings show mixed sentiment towards CyberArk, with 18 analysts rating it as a "hold" and 14 as a "buy," reflecting ongoing caution amidst fluctuating projections.

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 7.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,324 shares of the technology company's stock after purchasing an additional 1,089 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in CyberArk Software were worth $5,180,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC raised its position in CyberArk Software by 3.6% during the first quarter. Venturi Wealth Management LLC now owns 834 shares of the technology company's stock worth $282,000 after acquiring an additional 29 shares during the period. Prudential PLC raised its position in CyberArk Software by 2.4% during the first quarter. Prudential PLC now owns 1,277 shares of the technology company's stock worth $432,000 after acquiring an additional 30 shares during the period. Y.D. More Investments Ltd raised its position in CyberArk Software by 0.5% during the first quarter. Y.D. More Investments Ltd now owns 6,974 shares of the technology company's stock worth $2,415,000 after acquiring an additional 38 shares during the period. Golden State Wealth Management LLC raised its position 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 acquiring an additional 39 shares during the period. Finally, Assetmark Inc. grew its holdings in shares of CyberArk Software by 13.9% during the first quarter. Assetmark Inc. now owns 327 shares of the technology company's stock worth $111,000 after buying an additional 40 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

CyberArk Software Trading Down 2.3%

NASDAQ CYBR traded down $10.13 during trading hours on Thursday, reaching $428.55. The company had a trading volume of 443,022 shares, compared to its average volume of 939,177. The stock has a 50-day moving average of $398.56 and a 200 day moving average of $372.95. CyberArk Software Ltd. has a 1-year low of $254.43 and a 1-year high of $452.00. 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 stock has a market capitalization of $21.18 billion, a P/E ratio of -127.15 and a beta of 0.96.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Baird R W lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Stephens lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. Barclays upped their target price on shares of CyberArk Software from $405.00 to $440.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. KeyCorp lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $420.00 target price on shares of CyberArk Software in a report on Tuesday, July 22nd. Fourteen investment analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $435.11.

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.