JPMorgan Chase & Co. Boosts Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Key Points

• JPMorgan Chase & Co. increased its stake in CyberArk Software Ltd. by 18.7%, acquiring an additional 106,435 shares, bringing its total ownership to 675,032 shares valued at approximately $228.16 million.
• A number of brokerages have recently downgraded their ratings on CyberArk Software, with William Blair and KeyCorp both changing their ratings from "strong-buy" to "hold."
• CyberArk Software's quarterly earnings report showed a profit of $0.88 per share, exceeding expectations, while revenue rose by 46% year-over-year to $328.03 million.

JPMorgan Chase & Co. lifted its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 18.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 675,032 shares of the technology company's stock after acquiring an additional 106,435 shares during the quarter. JPMorgan Chase & Co. owned 1.37% of CyberArk Software worth $228,161,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. increased its position in CyberArk Software by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 74,029 shares of the technology company's stock worth $24,663,000 after buying an additional 662 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in CyberArk Software in the fourth quarter worth $18,106,000. Mariner LLC increased its position in CyberArk Software by 2.1% in the fourth quarter. Mariner LLC now owns 5,769 shares of the technology company's stock worth $1,921,000 after buying an additional 121 shares during the last quarter. Guggenheim Capital LLC purchased a new stake in CyberArk Software in the fourth quarter worth $296,000. Finally, Jump Financial LLC purchased a new stake in CyberArk Software in the fourth quarter worth $3,825,000. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Stock Up 2.2%

Shares of NASDAQ:CYBR traded up $9.32 during trading on Friday, hitting $423.85. The stock had a trading volume of 1,037,868 shares, compared to its average volume of 2,580,099. CyberArk Software Ltd. has a 12 month low of $254.43 and a 12 month high of $452.00. The company has a market capitalization of $20.95 billion, a PE ratio of -125.77 and a beta of 0.96. The firm's fifty day moving average is $396.53 and its 200 day moving average is $371.73. 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 (NASDAQ:CYBR - Get Free Report) last announced 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. The firm 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 business's revenue was up 46.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.54 EPS. Analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on CYBR. Robert W. Baird reissued a "neutral" rating and issued a $460.00 target price on shares of CyberArk Software in a research report on Friday, August 1st. Wedbush restated a "neutral" rating and set a $450.00 target price on shares of CyberArk Software in a research report on Thursday, July 31st. Scotiabank restated a "sector perform" rating and set a $448.00 target price (down from $460.00) on shares of CyberArk Software in a research report on Tuesday, August 5th. Wolfe Research cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Finally, BTIG Research cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Eighteen investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $435.11.

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.