CyberArk Software Ltd. $CYBR Shares Purchased by Integrated Wealth Concepts LLC

Key Points

• Integrated Wealth Concepts LLC increased its stake in CyberArk Software Ltd. by 9.9%, owning 9,155 shares valued at approximately $3.09 million as of the end of the recent quarter.
• CyberArk Software's stock has experienced an increase of 0.5% during midday trading, reaching $471.19, with a market capitalization of $23.29 billion.
• Wall Street analysts have mixed ratings for CyberArk, with 14 analysts rating it as a Buy while 17 rated it as a Hold, resulting in a consensus target price of $435.11.

Integrated Wealth Concepts LLC raised its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 9.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 9,155 shares of the technology company's stock after acquiring an additional 828 shares during the period. Integrated Wealth Concepts LLC's holdings in CyberArk Software were worth $3,094,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Thoma Bravo L.P. acquired a new stake in shares of CyberArk Software in the 4th quarter worth $380,637,000. Invesco Ltd. lifted its stake in shares of CyberArk Software by 12.2% in the 1st quarter. Invesco Ltd. now owns 1,129,894 shares of the technology company's stock worth $381,904,000 after acquiring an additional 122,423 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of CyberArk Software by 1,598.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 979,181 shares of the technology company's stock worth $330,964,000 after acquiring an additional 921,523 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of CyberArk Software by 18.7% in the 1st quarter. JPMorgan Chase & Co. now owns 675,032 shares of the technology company's stock worth $228,161,000 after acquiring an additional 106,435 shares during the period. Finally, Amundi lifted its stake in shares of CyberArk Software by 153.5% in the 1st quarter. Amundi now owns 547,466 shares of the technology company's stock worth $179,547,000 after acquiring an additional 331,498 shares during the period. Institutional investors and hedge funds own 91.84% of the company's stock.

CyberArk Software Trading Down 1.0%

Shares of CYBR traded down $4.89 during mid-day trading on Friday, hitting $466.30. The company had a trading volume of 639,038 shares, compared to its average volume of 878,114. The business's 50-day simple moving average is $419.28 and its 200-day simple moving average is $380.82. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53. CyberArk Software Ltd. has a 1-year low of $266.64 and a 1-year high of $480.59. The stock has a market cap of $23.05 billion, a PE ratio of -138.37 and a beta of 1.03.

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 (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $328.03 million for the quarter, compared to analysts' expectations of $315.43 million. During the same period last year, the company earned $0.54 earnings per share. The company's quarterly revenue was up 46.0% on a year-over-year basis. Sell-side analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Cantor Fitzgerald restated an "overweight" rating and issued a $420.00 target price on shares of CyberArk Software in a research note on Tuesday, July 22nd. Stifel Nicolaus reiterated a "hold" rating and issued a $444.00 price target on shares of CyberArk Software in a report on Thursday, July 31st. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $448.00 price target (up previously from $420.00) on shares of CyberArk Software in a report on Thursday, July 31st. Barclays increased their price target on shares of CyberArk Software from $405.00 to $440.00 and gave the company an "overweight" rating in a report on Monday, July 14th. Finally, Wolfe Research downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Fourteen research analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $435.11.

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.