Mitsubishi UFJ Asset Management Co. Ltd. Buys 4,622 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Key Points

• Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in CyberArk Software by 14.4%, owning a total of 36,802 shares valued at approximately $12.4 million after purchasing an additional 4,622 shares.
• CyberArk Software reported a quarterly EPS of $0.88, exceeding analyst estimates by $0.09, and demonstrated a 46.0% year-over-year revenue growth, totaling $328.03 million.
• Research analysts have mixed outlooks on CyberArk, with a consensus rating of "Hold" and an average price target of $435.11, reflecting different perspectives on the company’s future performance in the cybersecurity sector.

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 14.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,802 shares of the technology company's stock after purchasing an additional 4,622 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.07% of CyberArk Software worth $12,439,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Y.D. More Investments Ltd raised its stake in shares of CyberArk Software by 0.5% during the first quarter. Y.D. More Investments Ltd now owns 6,974 shares of the technology company's stock valued at $2,415,000 after acquiring an additional 38 shares during the last quarter. Deutsche Bank AG raised its stake in shares of CyberArk Software by 1.0% during the first quarter. Deutsche Bank AG now owns 362,296 shares of the technology company's stock valued at $122,456,000 after acquiring an additional 3,726 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of CyberArk Software by 10.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 33,819 shares of the technology company's stock valued at $11,431,000 after acquiring an additional 3,081 shares during the last quarter. ASR Vermogensbeheer N.V. bought a new position in shares of CyberArk Software during the first quarter valued at about $341,000. Finally, Vanguard Group Inc. raised its stake in shares of CyberArk Software by 5.2% during the first quarter. Vanguard Group Inc. now owns 77,871 shares of the technology company's stock valued at $26,320,000 after acquiring an additional 3,842 shares during the last quarter. Hedge funds and other institutional investors own 91.84% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Wolfe Research downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. UBS Group downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and upped their price objective for the company from $480.00 to $485.00 in a research note on Thursday, July 31st. Guggenheim downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $455.00 price objective for the company. in a research note on Thursday, July 31st. Rosenblatt Securities cut shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $445.00 price target on the stock. in a research report on Friday, August 1st. Finally, Barclays boosted their price target on shares of CyberArk Software from $405.00 to $440.00 and gave the company an "overweight" rating in a research report on Monday, July 14th. Eighteen investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, CyberArk Software has a consensus rating of "Hold" and an average price target of $435.11.

CyberArk Software Price Performance

Shares of CYBR stock traded up $9.32 on Friday, hitting $423.85. 1,037,868 shares of the stock traded hands, compared to its average volume of 2,580,099. The firm has a market cap of $20.95 billion, a price-to-earnings ratio of -125.77 and a beta of 0.96. CyberArk Software Ltd. has a 52 week low of $254.43 and a 52 week high of $452.00. The firm has a 50 day simple moving average of $396.53 and a two-hundred day simple moving average of $371.71. 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 EPS for the quarter, beating the consensus estimate of $0.79 by $0.09. The firm had revenue of $328.03 million for the quarter, compared to the consensus estimate 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 last year, the firm earned $0.54 EPS. As a group, equities research analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

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.