Northwestern Mutual Wealth Management Co. Buys 15,717 Shares of CyberArk Software Ltd. $CYBR

Key Points

• Northwestern Mutual Wealth Management Co. significantly increased its stake in CyberArk Software by 244.6%, acquiring an additional 15,717 shares to reach a total of 22,143 shares valued at approximately $7.48 million.
• CyberArk Software reported a quarterly earnings per share of $0.88, exceeding analyst expectations of $0.79, with revenue increasing by 46.0% year-over-year to $328.03 million.
• Despite positive earnings, CyberArk's stock has faced downgrades from several brokerages, with a consensus rating of "Hold" and an average price target of $435.11.

Northwestern Mutual Wealth Management Co. increased its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 244.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,143 shares of the technology company's stock after acquiring an additional 15,717 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in CyberArk Software were worth $7,484,000 as of its most recent SEC filing.

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

CyberArk Software Stock Performance

NASDAQ:CYBR traded up $0.09 during midday trading on Friday, reaching $453.26. The stock had a trading volume of 705,902 shares, compared to its average volume of 1,549,911. CyberArk Software Ltd. has a 1-year low of $254.43 and a 1-year high of $457.07. The firm's fifty day simple moving average is $406.31 and its 200-day simple moving average is $375.97. 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 stock has a market capitalization of $22.40 billion, a P/E ratio of -134.50 and a beta of 0.96.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.09. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. The business had revenue of $328.03 million for the quarter, compared to analyst estimates of $315.43 million. During the same period last year, the business posted $0.54 EPS. CyberArk Software's revenue was up 46.0% compared to the same quarter last year. On average, equities research analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Cantor Fitzgerald reiterated an "overweight" rating and issued a $420.00 price objective on shares of CyberArk Software in a research note on Tuesday, July 22nd. Wedbush reiterated a "neutral" rating and issued a $450.00 price objective on shares of CyberArk Software in a research note on Thursday, July 31st. BTIG Research lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Robert W. Baird reiterated a "neutral" rating and issued a $460.00 price objective on shares of CyberArk Software in a research note on Friday, August 1st. Finally, Stephens lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. Fourteen research analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $435.11.

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.