Robeco Institutional Asset Management B.V. Increases Holdings in CyberArk Software Ltd. $CYBR

Robeco Institutional Asset Management B.V. raised its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 36.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 78,857 shares of the technology company's stock after buying an additional 21,027 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.16% of CyberArk Software worth $32,085,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC boosted its position in CyberArk Software by 3.6% in the 1st quarter. Venturi Wealth Management LLC now owns 834 shares of the technology company's stock valued at $282,000 after buying an additional 29 shares during the last quarter. Prudential PLC boosted its position in CyberArk Software by 2.4% in the 1st quarter. Prudential PLC now owns 1,277 shares of the technology company's stock valued at $432,000 after buying an additional 30 shares during the last quarter. MAI Capital Management boosted its position in CyberArk Software by 1.1% in the 1st quarter. MAI Capital Management now owns 2,756 shares of the technology company's stock valued at $932,000 after buying an additional 31 shares during the last quarter. Y.D. More Investments Ltd boosted its position in CyberArk Software by 0.5% in the 1st quarter. Y.D. More Investments Ltd now owns 6,974 shares of the technology company's stock valued at $2,415,000 after buying an additional 38 shares during the last quarter. Finally, Golden State Wealth Management LLC boosted its position in CyberArk Software by 100.0% in 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. 91.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on CYBR. William Blair cut shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Guggenheim cut shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $455.00 price target on the stock. in a research report on Thursday, July 31st. Wedbush reaffirmed a "neutral" rating and set a $450.00 price target on shares of CyberArk Software in a research report on Thursday, July 31st. Scotiabank reaffirmed a "sector perform" rating and set a $448.00 price target (down previously from $460.00) on shares of CyberArk Software in a research report on Tuesday, August 5th. Finally, Citizens Jmp cut shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 23rd. Twelve research analysts have rated the stock with a Buy rating and nineteen have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $439.00.

CyberArk Software Price Performance

CYBR opened at $490.39 on Friday. The firm has a market cap of $24.75 billion, a price-to-earnings ratio of -145.52 and a beta of 1.01. CyberArk Software Ltd. has a fifty-two week low of $271.68 and a fifty-two week high of $501.08. The company's 50-day moving average price is $449.49 and its 200 day moving average price is $395.00. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.09. The firm had revenue of $328.03 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 46.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 earnings per share. As a group, sell-side analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

About CyberArk Software

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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