Salem Investment Counselors Inc. Has $3 Million Holdings in CyberArk Software Ltd. $CYBR

Key Points

• Salem Investment Counselors Inc. significantly increased its holdings in CyberArk Software by 49,106.7% during the 2nd quarter, now owning 7,381 shares valued at approximately $3 million.
• Several institutional investors, including Thoma Bravo and Price T Rowe Associates, have also substantially raised their positions in CyberArk Software, which is now over 91% owned by institutional investors and hedge funds.
• CyberArk Software recently reported a quarterly EPS of $0.88, exceeding analysts' expectations, with a year-over-year revenue increase of 46.0% to $328.03 million.

Salem Investment Counselors Inc. lifted its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 49,106.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,381 shares of the technology company's stock after acquiring an additional 7,366 shares during the quarter. Salem Investment Counselors Inc.'s holdings in CyberArk Software were worth $3,003,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CYBR. Thoma Bravo L.P. acquired a new position in shares of CyberArk Software in the 4th quarter worth approximately $380,637,000. Price T Rowe Associates Inc. MD lifted its holdings in CyberArk Software by 1,598.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 979,181 shares of the technology company's stock worth $330,964,000 after buying an additional 921,523 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in CyberArk Software by 82.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 740,504 shares of the technology company's stock worth $250,290,000 after buying an additional 335,634 shares in the last quarter. Amundi lifted its holdings in CyberArk Software by 153.5% during the 1st quarter. Amundi now owns 547,466 shares of the technology company's stock worth $179,547,000 after buying an additional 331,498 shares in the last quarter. Finally, Congress Asset Management Co. lifted its holdings in CyberArk Software by 304.2% during the 1st quarter. Congress Asset Management Co. now owns 332,770 shares of the technology company's stock worth $112,476,000 after buying an additional 250,441 shares in the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CYBR shares. BTIG Research downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th. Barclays upped their price objective on CyberArk Software from $405.00 to $440.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. UBS Group downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating and upped their price objective for the stock from $480.00 to $485.00 in a report on Thursday, July 31st. DA Davidson upped their target price on shares of CyberArk Software from $465.00 to $518.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, Stephens cut shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 31st. Fourteen analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $435.11.

CyberArk Software Price Performance

CYBR opened at $466.30 on Friday. 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 Ltd. has a 12 month low of $266.64 and a 12 month high of $480.59. The company has a fifty day simple moving average of $419.28 and a 200 day simple moving average of $380.62. The stock has a market cap of $23.05 billion, a P/E ratio of -138.37 and a beta of 1.03.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 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 during the quarter, compared to analysts' expectations of $315.43 million. During the same quarter in the prior year, the company earned $0.54 EPS. The firm's quarterly revenue was up 46.0% on a year-over-year basis. On average, research 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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