CyberArk Software Ltd. (NASDAQ:CYBR) Shares Purchased by LGT Fund Management Co Ltd.

Key Points

• LGT Fund Management Co Ltd. increased its holdings in CyberArk Software by 48.1% in the first quarter, acquiring an additional 8,331 shares and holding a total of 25,652 shares valued at approximately $8.67 million.
• Institutional investors collectively own 91.84% of CyberArk Software, indicating significant investor confidence in the company amidst recent activity from various hedge funds.
• CyberArk Software reported a 46.0% increase in quarterly revenue year-over-year, reaching $328.03 million, while also exceeding earnings per share estimates with a reported $0.88 EPS.

LGT Fund Management Co Ltd. raised its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 48.1% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 25,652 shares of the technology company's stock after buying an additional 8,331 shares during the quarter. LGT Fund Management Co Ltd. owned about 0.05% of CyberArk Software worth $8,670,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. increased its stake in shares of CyberArk Software by 4.9% during the 1st quarter. Russell Investments Group Ltd. now owns 30,883 shares of the technology company's stock worth $10,439,000 after purchasing an additional 1,432 shares in the last quarter. Prudential PLC lifted its holdings in CyberArk Software by 2.4% in the 1st quarter. Prudential PLC now owns 1,277 shares of the technology company's stock valued at $432,000 after purchasing an additional 30 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its holdings in CyberArk Software by 36.6% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 195,752 shares of the technology company's stock valued at $66,164,000 after purchasing an additional 52,500 shares in the last quarter. Public Sector Pension Investment Board lifted its holdings in CyberArk Software by 18.2% in the 1st quarter. Public Sector Pension Investment Board now owns 23,394 shares of the technology company's stock valued at $7,907,000 after purchasing an additional 3,600 shares in the last quarter. Finally, Nuveen LLC purchased a new position in CyberArk Software in the 1st quarter valued at about $41,244,000. 91.84% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Stock Performance

CYBR traded up $9.32 during trading hours on Friday, hitting $423.85. 1,037,868 shares of the stock were exchanged, compared to its average volume of 2,580,099. The stock has a 50-day simple moving average of $396.53 and a 200-day simple moving average of $371.71. CyberArk Software Ltd. has a 12 month low of $254.43 and a 12 month high of $452.00. The stock has a market cap of $20.95 billion, a price-to-earnings ratio of -125.77 and a beta of 0.96. 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 announced its quarterly earnings data 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 positive return on equity of 0.44% and a negative net margin of 13.78%. The firm had revenue of $328.03 million for the quarter, compared to analysts' expectations of $315.43 million. During the same period last year, the business posted $0.54 earnings per share. The firm's revenue for the quarter was up 46.0% on a year-over-year basis. Analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CYBR shares. Guggenheim lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $455.00 target price on the stock. in a report on Thursday, July 31st. Roth Capital began coverage on shares of CyberArk Software in a research note on Tuesday, May 13th. They set a "buy" rating and a $415.00 price objective for the company. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $448.00 price objective (up previously from $420.00) on shares of CyberArk Software in a research note on Thursday, July 31st. KeyCorp downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. Finally, BTIG Research downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Eighteen analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, CyberArk Software currently has a consensus rating of "Hold" and a consensus 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.