Jag Capital Management LLC Raises Stock Position in CyberArk Software Ltd. $CYBR

Key Points

• Jag Capital Management LLC raised its stock position in CyberArk Software by 259.5% in Q2, owning 49,331 shares valued at approximately $20.1 million.
• Other institutional investors also significantly increased their holdings, with Price T Rowe Associates Inc. MD boosting its stake by 1,598.3% and BNP Paribas Financial Markets by 545.1% in Q1.
• CyberArk Software reported earnings of $0.88 per share for the last quarter, exceeding analyst expectations and showing a revenue increase of 46.0% year-over-year.

Jag Capital Management LLC increased its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 259.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,331 shares of the technology company's stock after purchasing an additional 35,607 shares during the period. CyberArk Software makes up 2.2% of Jag Capital Management LLC's holdings, making the stock its 15th biggest position. Jag Capital Management LLC owned approximately 0.10% of CyberArk Software worth $20,072,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD increased its holdings in CyberArk Software by 1,598.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 979,181 shares of the technology company's stock valued at $330,964,000 after buying an additional 921,523 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in CyberArk Software by 82.9% in 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 valued at $250,290,000 after buying an additional 335,634 shares in the last quarter. Amundi increased its holdings in CyberArk Software by 153.5% in the first quarter. Amundi now owns 547,466 shares of the technology company's stock valued at $179,547,000 after buying an additional 331,498 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in CyberArk Software by 545.1% in the first quarter. BNP Paribas Financial Markets now owns 230,362 shares of the technology company's stock valued at $77,862,000 after buying an additional 194,651 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in CyberArk Software by 12.2% in the first quarter. Invesco Ltd. now owns 1,129,894 shares of the technology company's stock valued at $381,904,000 after buying an additional 122,423 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company's stock.

CyberArk Software Price Performance

Shares of CYBR stock opened at $504.02 on Tuesday. 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 firm's 50-day moving average is $460.18 and its two-hundred day moving average is $402.21. CyberArk Software Ltd. has a 12 month low of $271.68 and a 12 month high of $514.28. The company has a market capitalization of $25.44 billion, a PE ratio of -149.56 and a beta of 1.01.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its earnings results on Wednesday, July 30th. The technology company reported $0.88 EPS 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 company had revenue of $328.03 million for the quarter, compared to the consensus estimate of $315.43 million. During the same period in the previous year, the firm earned $0.54 earnings per share. CyberArk Software's quarterly revenue was up 46.0% compared to the same quarter last year. Analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. UBS Group cut shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and lifted their price objective for the company from $480.00 to $485.00 in a report on Thursday, July 31st. Stifel Nicolaus reaffirmed a "hold" rating and issued a $444.00 price objective on shares of CyberArk Software in a report on Thursday, July 31st. William Blair cut shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th. Rosenblatt Securities lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $445.00 target price on the stock. in a research report on Friday, August 1st. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and issued a $448.00 target price (up previously from $420.00) on shares of CyberArk Software in a research report on Thursday, July 31st. Twelve analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the company. According to MarketBeat, CyberArk Software currently has an average rating of "Hold" and an average price target of $443.38.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.