Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. Makes New $44.91 Million Investment in CyberArk Software Ltd. $CYBR

Key Points

• Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. invested approximately $44.91 million in CyberArk Software Ltd., acquiring 110,380 shares in the second quarter, making it their 3rd largest holding.
• Wall Street analysts have mixed ratings on CyberArk, with an average target price of $443.38, while Royal Bank of Canada has set a target price of $448.00.
• CyberArk reported a quarterly earnings of $0.88 per share, surpassing expectations, with revenue increasing 46.0% year-over-year to $328.03 million.

Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. bought a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 110,380 shares of the technology company's stock, valued at approximately $44,911,000. CyberArk Software comprises 5.3% of Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.'s investment portfolio, making the stock its 3rd biggest holding. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. owned approximately 0.22% of CyberArk Software at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CYBR. Farther Finance Advisors LLC lifted its stake in CyberArk Software by 1,104.3% during the first quarter. Farther Finance Advisors LLC now owns 843 shares of the technology company's stock worth $294,000 after purchasing an additional 773 shares during the last quarter. Yousif Capital Management LLC lifted its position in CyberArk Software by 9.1% in the first quarter. Yousif Capital Management LLC now owns 2,235 shares of the technology company's stock valued at $755,000 after acquiring an additional 187 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in CyberArk Software in the first quarter valued at $524,000. Jackson Square Capital LLC lifted its position in CyberArk Software by 5.6% in the first quarter. Jackson Square Capital LLC now owns 25,183 shares of the technology company's stock valued at $8,512,000 after acquiring an additional 1,329 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in CyberArk Software by 14.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,453 shares of the technology company's stock valued at $1,167,000 after acquiring an additional 431 shares during the last quarter. Hedge funds and other institutional investors own 91.84% of the company's stock.

Wall Street Analysts Forecast Growth

CYBR has been the subject of several research reports. Royal Bank Of Canada reissued a "sector perform" rating and issued a $448.00 target price (up from $420.00) on shares of CyberArk Software in a report on Thursday, July 31st. BTIG Research cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Baird R W cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Scotiabank reiterated a "sector perform" rating and issued a $448.00 price objective (down previously from $460.00) on shares of CyberArk Software in a research note on Tuesday, August 5th. Finally, Barclays upped 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. Twelve investment analysts have rated the stock with a Buy rating and nineteen have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $443.38.

CyberArk Software Price Performance

CyberArk Software stock opened at $493.52 on Friday. CyberArk Software Ltd. has a 12 month low of $271.68 and a 12 month high of $514.28. 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 business has a 50 day simple moving average of $458.28 and a 200-day simple moving average of $400.62. The stock has a market capitalization of $24.91 billion, a PE ratio of -146.45 and a beta of 1.01.

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

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