Invesco Ltd. Grows Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Key Points

• Invesco Ltd. has increased its stake in CyberArk Software by 12.2%, holding approximately 1.13 million shares valued at about $381.9 million as of the latest SEC filing.
• CyberArk's revenue grew by 46% year-over-year, with a reported $328.03 million for the quarter, surpassing analysts' expectations.
• Major investment firms have changed their ratings on CyberArk, with Rosenblatt Securities and UBS Group downgrading the stock from "strong-buy" to "hold."

Invesco Ltd. boosted its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 12.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,129,894 shares of the technology company's stock after buying an additional 122,423 shares during the period. Invesco Ltd. owned 2.29% of CyberArk Software worth $381,904,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of CYBR. Thoma Bravo L.P. purchased a new stake in shares of CyberArk Software during the 4th quarter valued at $380,637,000. Congress Asset Management Co. lifted its holdings in shares of CyberArk Software by 304.2% during the 1st quarter. Congress Asset Management Co. now owns 332,770 shares of the technology company's stock valued at $112,476,000 after purchasing an additional 250,441 shares during the last quarter. Alyeska Investment Group L.P. purchased a new stake in shares of CyberArk Software during the 4th quarter valued at $72,842,000. Janus Henderson Group PLC lifted its holdings in shares of CyberArk Software by 7,524.4% during the 4th quarter. Janus Henderson Group PLC now owns 170,710 shares of the technology company's stock valued at $56,914,000 after purchasing an additional 168,471 shares during the last quarter. Finally, Soros Fund Management LLC purchased a new stake in shares of CyberArk Software during the 4th quarter valued at $46,747,000. Hedge funds and other institutional investors own 91.84% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Morgan Stanley reissued an "equal weight" rating on shares of CyberArk Software in a research report on Tuesday, May 13th. Wolfe Research downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Scotiabank reissued a "sector perform" rating and issued a $448.00 target price (down from $460.00) on shares of CyberArk Software in a research report on Tuesday, August 5th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $448.00 target price (up from $420.00) on shares of CyberArk Software in a research report on Thursday, July 31st. Finally, Baird R W downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Eighteen analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $435.11.

CyberArk Software Price Performance

CyberArk Software stock traded up $9.32 during midday trading on Friday, reaching $423.85. The company had a trading volume of 1,037,868 shares, compared to its average volume of 2,580,099. The company has a market capitalization of $20.95 billion, a P/E ratio of -125.77 and a beta of 0.96. CyberArk Software Ltd. has a 12-month low of $254.43 and a 12-month high of $452.00. The firm's fifty day simple moving average is $396.53 and its 200-day simple moving average is $371.71. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.31 and a quick ratio of 2.31.

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, topping 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 business had revenue of $328.03 million for the quarter, compared to analyst estimates of $315.43 million. During the same period last year, the company posted $0.54 EPS. The business's revenue was up 46.0% on a year-over-year basis. As a group, equities analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current year.

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.