Natixis Advisors LLC Boosts Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Key Points

• Natixis Advisors LLC increased its holdings in CyberArk Software by 13.0%, owning 73,322 shares valued at approximately $24.78 million as of the last quarter.
• Other institutional investors also significantly increased their stakes in CyberArk, with Bessemer Group growing its holdings by 421.1% during the same period.
• CyberArk reported earnings per share of $0.88 for the last quarter, surpassing estimates and demonstrating a 46.0% year-over-year increase in revenue.

Natixis Advisors LLC increased its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 13.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,322 shares of the technology company's stock after buying an additional 8,410 shares during the period. Natixis Advisors LLC owned 0.15% of CyberArk Software worth $24,783,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC increased its holdings in shares of CyberArk Software by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock valued at $26,000 after purchasing an additional 39 shares during the last quarter. Whipplewood Advisors LLC increased its holdings in shares of CyberArk Software by 135.3% in the first quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock valued at $27,000 after purchasing an additional 46 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of CyberArk Software by 421.1% in the first quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock valued at $33,000 after purchasing an additional 80 shares during the last quarter. Morse Asset Management Inc acquired a new position in shares of CyberArk Software in the first quarter valued at $34,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in shares of CyberArk Software by 340.0% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 110 shares of the technology company's stock valued at $37,000 after acquiring 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 research firms recently weighed in on CYBR. Oppenheimer reaffirmed a "market perform" rating on shares of CyberArk Software in a research report on Friday. Stephens cut shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Thursday. Wolfe Research cut shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Friday. Royal Bank Of Canada cut shares of CyberArk Software from a "moderate buy" rating to a "hold" rating and increased their target price for the stock from $420.00 to $448.00 in a report on Thursday. Finally, Barclays increased their target price on shares of CyberArk Software from $405.00 to $440.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. Seventeen investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, CyberArk Software currently has a consensus rating of "Hold" and an average price target of $433.39.

CyberArk Software Stock Down 1.2%

NASDAQ CYBR traded down $5.00 during mid-day trading on Monday, hitting $409.00. The company's stock had a trading volume of 1,980,093 shares, compared to its average volume of 2,164,878. The company's 50 day simple moving average is $391.99 and its 200 day simple moving average is $368.24. CyberArk Software Ltd. has a twelve month low of $230.00 and a twelve month high of $452.00. 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 market capitalization of $20.22 billion, a price-to-earnings ratio of -121.36 and a beta of 0.96.

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. 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 for the quarter, compared to analysts' expectations of $315.43 million. During the same period last year, the business earned $0.54 EPS. The business's revenue 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.

CyberArk Software Company 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.