LGT Fund Management Co Ltd. Has $2.81 Million Holdings in CyberArk Software Ltd. $CYBR

Key Points

• LGT Fund Management reduced its stake in CyberArk Software by 73.1%, owning 6,912 shares valued at $2.81 million after selling 18,740 shares in the second quarter.
• Multiple institutional investors significantly increased their holdings in CyberArk, with Price T Rowe Associates boosting their stake by 1,598.3% to nearly 979,181 shares valued at $330.96 million.
• CyberArk Software reported quarterly earnings of $0.88 per share, exceeding expectations, and noted a 46% revenue increase year-over-year, totaling $328.03 million for the quarter.

LGT Fund Management Co Ltd. lessened its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 73.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,912 shares of the technology company's stock after selling 18,740 shares during the quarter. LGT Fund Management Co Ltd.'s holdings in CyberArk Software were worth $2,812,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CYBR. Price T Rowe Associates Inc. MD boosted its holdings in shares of 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 during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of 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 during the period. Amundi lifted its position in shares of CyberArk Software by 153.5% in the first quarter. Amundi now owns 547,466 shares of the technology company's stock worth $179,547,000 after purchasing an additional 331,498 shares in the last quarter. Congress Asset Management Co. lifted its position in shares of CyberArk Software by 304.2% in the first quarter. Congress Asset Management Co. now owns 332,770 shares of the technology company's stock worth $112,476,000 after purchasing an additional 250,441 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of CyberArk Software by 545.1% in the first quarter. BNP Paribas Financial Markets now owns 230,362 shares of the technology company's stock worth $77,862,000 after purchasing an additional 194,651 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. JMP Securities reissued a "market perform" rating on shares of CyberArk Software in a research report on Tuesday, September 23rd. Baird R W lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Royal Bank Of Canada reissued a "sector perform" rating and issued a $448.00 price objective (up previously from $420.00) on shares of CyberArk Software in a research report on Thursday, July 31st. Needham & Company LLC boosted their price objective on shares of CyberArk Software from $460.00 to $551.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Finally, Stifel Nicolaus reissued a "hold" rating and issued a $444.00 price objective on shares of CyberArk Software in a research report on Thursday, July 31st. Twelve equities research analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $439.00.

CyberArk Software Stock Performance

Shares of CYBR stock opened at $490.39 on Friday. The stock has a market cap of $24.75 billion, a P/E 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. The company has a fifty day moving average price of $449.49 and a two-hundred day moving average price of $395.00. CyberArk Software Ltd. has a one year low of $271.68 and a one year high of $501.08.

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

About CyberArk Software

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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