Northern Trust Corp Has $77.92 Million Stake in CyberArk Software Ltd. $CYBR

Key Points

• Northern Trust Corp has increased its stake in CyberArk Software, owning approximately 230,545 shares worth $77.92 million after a 4.8% rise in the first quarter.
• Multiple institutional investors have also significantly increased their holdings in CyberArk Software, with 91.84% of the stock now owned by such entities.
• CyberArk Software reported a 46% year-over-year increase in revenue for the last quarter, totaling $328.03 million, and topped earnings expectations with an EPS of $0.88.

Northern Trust Corp grew its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 4.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 230,545 shares of the technology company's stock after buying an additional 10,581 shares during the quarter. Northern Trust Corp owned approximately 0.47% of CyberArk Software worth $77,924,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Golden State Wealth Management LLC lifted its holdings in shares of CyberArk Software by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock valued at $26,000 after buying an additional 39 shares during the last quarter. Whipplewood Advisors LLC raised its stake in shares of CyberArk Software by 135.3% in the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock valued at $27,000 after acquiring an additional 46 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of CyberArk Software by 421.1% in the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock valued at $33,000 after acquiring an additional 80 shares in the last quarter. Morse Asset Management Inc bought a new position in shares of CyberArk Software in the 1st quarter valued at approximately $34,000. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in shares of CyberArk Software by 340.0% in the 1st 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 in the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on CYBR. BTIG Research downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. UBS Group downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating and raised their price objective for the company from $480.00 to $485.00 in a research note on Thursday, July 31st. Rosenblatt Securities downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $445.00 price objective on the stock. in a research note on Friday, August 1st. KeyCorp downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. Finally, Piper Sandler reissued a "neutral" rating and issued a $448.00 price objective (up from $440.00) on shares of CyberArk Software in a research note on Thursday, July 31st. Fourteen equities research analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $435.11.

CyberArk Software Stock Performance

Shares of NASDAQ CYBR opened at $441.24 on Monday. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53. The business's 50 day moving average is $400.51 and its two-hundred day moving average is $373.72. The company has a market cap of $21.81 billion, a P/E ratio of -130.93 and a beta of 0.96. CyberArk Software Ltd. has a 12 month low of $254.43 and a 12 month high of $452.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued 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 company had revenue of $328.03 million for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 46.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.54 EPS. On average, equities analysts expect that CyberArk Software Ltd. will post -0.47 EPS 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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