Strs Ohio Takes Position in CyberArk Software Ltd. $CYBR

Key Points

• Strs Ohio has made a significant investment of approximately $31.96 million in CyberArk Software Ltd. by acquiring 94,548 shares, marking their first quarter acquisition.
• CyberArk reported a 46% year-over-year growth in revenue, with quarterly earnings beating analysts' expectations, posting $0.88 EPS against a consensus estimate of $0.79.
• Institutional investors own 91.84% of CyberArk's stock, with multiple hedge funds increasing their stakes significantly during the same reporting period.

Strs Ohio purchased a new stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 94,548 shares of the technology company's stock, valued at approximately $31,957,000. Strs Ohio owned 0.19% of CyberArk Software at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CYBR. Dimensional Fund Advisors LP increased its stake in shares of CyberArk Software by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,684 shares of the technology company's stock valued at $2,227,000 after buying an additional 53 shares during the period. Cetera Investment Advisers increased its stake in shares of CyberArk Software by 14.3% in the fourth quarter. Cetera Investment Advisers now owns 14,431 shares of the technology company's stock valued at $4,808,000 after buying an additional 1,802 shares during the period. Ensign Peak Advisors Inc increased its stake in shares of CyberArk Software by 84.7% in the fourth quarter. Ensign Peak Advisors Inc now owns 5,450 shares of the technology company's stock valued at $1,816,000 after buying an additional 2,500 shares during the period. Nuveen Asset Management LLC increased its stake in shares of CyberArk Software by 6.3% in the fourth quarter. Nuveen Asset Management LLC now owns 123,051 shares of the technology company's stock valued at $40,994,000 after buying an additional 7,325 shares during the period. Finally, Man Group plc increased its stake in shares of CyberArk Software by 17.9% in the fourth quarter. Man Group plc now owns 20,735 shares of the technology company's stock valued at $6,908,000 after buying an additional 3,142 shares during the period. Institutional investors and hedge funds own 91.84% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CYBR. UBS Group cut CyberArk Software from a "strong-buy" rating to a "hold" rating and increased their price target for the company from $480.00 to $485.00 in a research note on Thursday, July 31st. Stifel Nicolaus restated a "hold" rating and set a $444.00 target price on shares of CyberArk Software in a research report on Thursday, July 31st. Wedbush restated a "neutral" rating and set a $450.00 target price on shares of CyberArk Software in a research report on Thursday, July 31st. Rosenblatt Securities lowered CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $445.00 target price on the stock. in a research report on Friday, August 1st. Finally, KeyCorp lowered 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 assigned a Hold rating to the company. According to MarketBeat, CyberArk Software presently has an average rating of "Hold" and an average price target of $435.11.

CyberArk Software Stock Down 1.0%

NASDAQ:CYBR traded down $4.89 on Friday, hitting $466.30. The stock had a trading volume of 639,038 shares, compared to its average volume of 878,114. The business's fifty day moving average is $419.28 and its 200 day moving average is $380.82. The company has a market cap of $23.05 billion, a PE ratio of -138.37 and a beta of 1.03. 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 52 week low of $266.64 and a 52 week high of $480.59.

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 the consensus estimate of $0.79 by $0.09. The business had revenue of $328.03 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 46.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 earnings per share. On average, equities research analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal 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.