Meitav Investment House Ltd. Has $15.32 Million Stock Position in CyberArk Software Ltd. $CYBR

Key Points

• Meitav Investment House Ltd. has reduced its stake in CyberArk Software by 1.6%, now owning approximately 37,652 shares, valued at about $15.32 million.
• Analysts have set varied price targets for CyberArk Software, with Royal Bank of Canada increasing its target to $448.00, while DA Davidson raised it to $518.00, indicating a positive outlook amid a 1-year price range of $271.68 to $505.18.
• CyberArk Software reported a quarterly earnings per share (EPS) of $0.88, surpassing the consensus estimate and showing a 46% increase in revenue year-over-year, totaling $328.03 million.

Meitav Investment House Ltd. reduced its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 1.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 37,652 shares of the technology company's stock after selling 604 shares during the period. Meitav Investment House Ltd. owned approximately 0.08% of CyberArk Software worth $15,319,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC raised its holdings in CyberArk Software by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock worth $26,000 after buying an additional 39 shares during the period. Opal Wealth Advisors LLC acquired a new stake in CyberArk Software during the 2nd quarter worth approximately $30,000. Bessemer Group Inc. raised its holdings in CyberArk Software by 421.1% during the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock worth $33,000 after buying an additional 80 shares during the period. Morse Asset Management Inc acquired a new stake in CyberArk Software during the 1st quarter worth approximately $34,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in CyberArk Software by 340.0% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 110 shares of the technology company's stock worth $37,000 after buying an additional 85 shares during the period. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on the stock. BTIG Research downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $448.00 price target (up from $420.00) on shares of CyberArk Software in a research note on Thursday, July 31st. Wedbush reaffirmed a "neutral" rating and set a $450.00 price target on shares of CyberArk Software in a research note on Thursday, July 31st. Barclays raised their price target on shares of CyberArk Software from $405.00 to $440.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. Finally, DA Davidson raised their price target on shares of CyberArk Software from $465.00 to $518.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Twelve investment analysts have rated the stock with a Buy rating and nineteen have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $439.00.

CyberArk Software Price Performance

NASDAQ:CYBR opened at $503.07 on Tuesday. CyberArk Software Ltd. has a 1-year low of $271.68 and a 1-year high of $505.18. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.53. The firm has a fifty day simple moving average of $451.89 and a 200 day simple moving average of $396.73. The stock has a market capitalization of $25.39 billion, a PE ratio of -149.28 and a beta of 1.01.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating 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 business had revenue of $328.03 million during the quarter, compared to the consensus estimate of $315.43 million. During the same quarter last year, the firm posted $0.54 EPS. The company's quarterly revenue was up 46.0% on a year-over-year basis. On average, research analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal 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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