Focus Partners Wealth Buys 12,688 Shares of CyberArk Software Ltd. $CYBR

Key Points

• Focus Partners Wealth has increased its holdings in CyberArk Software Ltd. by 25.4%, owning about 0.13% of the company valued at approximately $21.19 million.
• CyberArk Software reported $0.88 earnings per share (EPS) in its latest quarterly results, surpassing analysts' expectations of $0.79, with revenue growth of 46.0% year-over-year.
• Several hedge funds have significantly increased their stakes in CyberArk, reflecting a strong interest in the tech company, which has 91.84% of its stock owned by institutional investors.

Focus Partners Wealth increased its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 25.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,704 shares of the technology company's stock after acquiring an additional 12,688 shares during the quarter. Focus Partners Wealth owned approximately 0.13% of CyberArk Software worth $21,194,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CYBR. Golden State Wealth Management LLC boosted its position in shares of CyberArk Software by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock worth $26,000 after purchasing an additional 39 shares in the last quarter. Whipplewood Advisors LLC raised its stake in CyberArk Software by 135.3% during the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock worth $27,000 after buying an additional 46 shares during the period. Bessemer Group Inc. boosted its holdings in CyberArk Software by 421.1% in the first quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock worth $33,000 after acquiring an additional 80 shares in the last quarter. Morse Asset Management Inc acquired a new stake in CyberArk Software in the first quarter valued at approximately $34,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in CyberArk Software by 340.0% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 110 shares of the technology company's stock valued at $37,000 after acquiring an additional 85 shares during the period. 91.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CYBR has been the topic of a number of recent research reports. Wolfe Research cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Guggenheim cut shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $455.00 price objective for the company. in a report on Thursday, July 31st. KeyCorp lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. Stifel Nicolaus reaffirmed a "hold" rating and set a $444.00 target price on shares of CyberArk Software in a research report on Thursday, July 31st. Finally, Robert W. Baird restated a "neutral" rating and set a $460.00 price target on shares of CyberArk Software in a report on Friday, August 1st. Fourteen equities research analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the company. According to data from MarketBeat, CyberArk Software has an average rating of "Hold" and a consensus price target of $435.11.

CyberArk Software Stock Performance

Shares of CYBR traded down $4.89 during mid-day trading on Friday, hitting $466.30. The stock had a trading volume of 639,038 shares, compared to its average volume of 878,114. CyberArk Software Ltd. has a 52 week low of $266.64 and a 52 week high of $480.59. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.31 and a quick ratio of 2.31. The business has a fifty day moving average price of $419.28 and a 200-day moving average price of $380.82. The firm has a market cap of $23.05 billion, a P/E ratio of -138.37 and a beta of 1.03.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced 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. The company had revenue of $328.03 million during the quarter, compared to analyst estimates of $315.43 million. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.The firm's revenue for the quarter was up 46.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 EPS. On average, equities research analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current 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.