J. Safra Sarasin Holding AG Reduces Stake in CyberArk Software Ltd. $CYBR

Key Points

• J. Safra Sarasin Holding AG reduced its stake in CyberArk Software Ltd. by 18.3%, resulting in ownership of 5,212 shares valued at approximately $2.12 million.
• Despite J. Safra Sarasin's reduction, several other hedge funds increased their stakes in CyberArk, with notable increases from Invesco Ltd. and Price T Rowe Associates Inc., indicating positive investor sentiment.
• Analysts have mixed ratings for CyberArk Software, with 12 analysts recommending a buy while the stock currently holds a consensus rating of "Hold" with an average target price of $439.00.

J. Safra Sarasin Holding AG lowered its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 18.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 5,212 shares of the technology company's stock after selling 1,171 shares during the quarter. J. Safra Sarasin Holding AG's holdings in CyberArk Software were worth $2,121,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Invesco Ltd. grew its position in shares of CyberArk Software by 12.2% during the first 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 last quarter. Price T Rowe Associates Inc. MD boosted its holdings in 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 valued at $330,964,000 after purchasing an additional 921,523 shares in the last quarter. Voya Investment Management LLC boosted its stake in shares of CyberArk Software by 0.7% in the first quarter. Voya Investment Management LLC now owns 888,898 shares of the technology company's stock valued at $300,448,000 after buying an additional 6,314 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in CyberArk Software by 82.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 740,504 shares of the technology company's stock worth $250,290,000 after buying an additional 335,634 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of CyberArk Software by 18.7% during 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 in the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. DA Davidson boosted their target price on CyberArk Software from $465.00 to $518.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Oppenheimer reiterated a "market perform" rating on shares of CyberArk Software in a research report on Friday, August 1st. Stifel Nicolaus reiterated a "hold" rating and issued a $444.00 price objective on shares of CyberArk Software in a research report on Thursday, July 31st. Stephens downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st. Finally, Wedbush reaffirmed a "neutral" rating and issued a $450.00 price target on shares of CyberArk Software in a report on Thursday, July 31st. Twelve investment analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $439.00.

CyberArk Software Trading Down 0.9%

NASDAQ:CYBR opened at $490.39 on Friday. The firm has a market capitalization of $24.75 billion, a PE ratio of -145.52 and a beta of 1.01. 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 Ltd. has a 12 month low of $271.68 and a 12 month high of $501.08. The business's 50-day moving average is $449.49 and its two-hundred day moving average is $395.00.

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