RGM Capital LLC Lowers Holdings in CyberArk Software Ltd. $CYBR

Key Points

• RGM Capital LLC reduced its holdings in CyberArk Software Ltd. by 16.2%, now owning 524,152 shares valued at approximately $177.16 million.
• A total of 91.84% of CyberArk's stock is owned by institutional investors, with several firms, including Venturi Wealth Management and Prudential PLC, increasing their positions in the first quarter.
• Analysts have recently downgraded CyberArk's stock rating to "hold", with a consensus price target of $435.11, while the company reported a revenue increase of 46.0% year-over-year.

RGM Capital LLC reduced its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 16.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 524,152 shares of the technology company's stock after selling 101,660 shares during the quarter. CyberArk Software comprises about 7.3% of RGM Capital LLC's holdings, making the stock its 2nd biggest holding. RGM Capital LLC owned 1.06% of CyberArk Software worth $177,163,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Venturi Wealth Management LLC lifted its position in CyberArk Software by 3.6% during the first quarter. Venturi Wealth Management LLC now owns 834 shares of the technology company's stock valued at $282,000 after purchasing an additional 29 shares during the last quarter. Prudential PLC lifted its holdings in shares of CyberArk Software by 2.4% in the 1st quarter. Prudential PLC now owns 1,277 shares of the technology company's stock worth $432,000 after acquiring an additional 30 shares during the last quarter. Y.D. More Investments Ltd increased its stake in shares of CyberArk Software by 0.5% in the first quarter. Y.D. More Investments Ltd now owns 6,974 shares of the technology company's stock worth $2,415,000 after buying an additional 38 shares during the period. Golden State Wealth Management LLC increased its stake 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 worth $26,000 after buying an additional 39 shares during the period. Finally, Assetmark Inc. increased its holdings in CyberArk Software by 13.9% during the 1st quarter. Assetmark Inc. now owns 327 shares of the technology company's stock valued at $111,000 after purchasing an additional 40 shares during the period. 91.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on CYBR. Stephens lowered CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. Needham & Company LLC raised their target price on shares of CyberArk Software from $460.00 to $551.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Oppenheimer reaffirmed a "market perform" rating on shares of CyberArk Software in a research report on Friday, August 1st. Wedbush reaffirmed a "neutral" rating and issued a $450.00 target price on shares of CyberArk Software in a research report on Thursday, July 31st. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $420.00 target price on shares of CyberArk Software in a research report on Tuesday, July 22nd. Fourteen equities research analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $435.11.

CyberArk Software Stock Up 0.0%

CyberArk Software stock traded up $0.09 during mid-day trading on Friday, reaching $453.26. The stock had a trading volume of 705,902 shares, compared to its average volume of 939,216. The company has a market capitalization of $22.40 billion, a price-to-earnings ratio of -134.50 and a beta of 0.96. The company has a 50-day moving average price of $406.31 and a two-hundred day moving average price of $375.97. CyberArk Software Ltd. has a one year low of $254.43 and a one year high of $457.07. 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 results on Wednesday, July 30th. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.09. The company had revenue of $328.03 million for the quarter, compared to analysts' expectations of $315.43 million. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. CyberArk Software's revenue was up 46.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.54 EPS. On average, analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal 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.