Sumitomo Mitsui DS Asset Management Company Ltd Has $1.88 Million Stock Holdings in CyberArk Software Ltd. $CYBR

Key Points

• Sumitomo Mitsui DS Asset Management increased its stake in CyberArk Software by 12.5%, acquiring 516 shares and bringing its total holdings to 4,631 shares valued at approximately $1.88 million.
• CyberArk Software recently reported earnings of $0.88 per share, surpassing the expected $0.79 and demonstrating a 46% increase in revenue compared to the same quarter last year.
• A number of analysts have downgraded CyberArk's stock rating, with UBS and Guggenheim both changing their ratings to "hold" while adjusting target prices for the shares.

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 12.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,631 shares of the technology company's stock after acquiring an additional 516 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in CyberArk Software were worth $1,884,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of CYBR. Golden State Wealth Management LLC raised its holdings in CyberArk Software by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock worth $26,000 after acquiring an additional 39 shares in the last quarter. Whipplewood Advisors LLC raised its holdings in CyberArk Software by 135.3% during the first quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock worth $27,000 after acquiring an additional 46 shares in the last quarter. Bessemer Group Inc. raised its holdings in CyberArk Software by 421.1% during the first quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock worth $33,000 after acquiring an additional 80 shares in the last quarter. Morse Asset Management Inc bought a new stake in CyberArk Software during the first quarter worth about $34,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in 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 worth $37,000 after acquiring an additional 85 shares in the last quarter. Institutional investors own 91.84% of the company's stock.

Analyst Ratings Changes

CYBR has been the topic of a number of recent analyst reports. Rosenblatt Securities downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $445.00 price target on the stock. in a research report on Friday, August 1st. Needham & Company LLC boosted their price target on CyberArk Software from $460.00 to $551.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Wedbush reissued a "neutral" rating and set a $450.00 price target on shares of CyberArk Software in a research report on Thursday, July 31st. Baird R W downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Finally, Guggenheim downgraded 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. Fourteen equities research analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the stock. Based on data from MarketBeat, CyberArk Software presently has a consensus rating of "Hold" and a consensus target price of $435.11.

CyberArk Software Price Performance

NASDAQ:CYBR traded up $0.46 during trading hours on Monday, reaching $491.10. 438,044 shares of the company were exchanged, compared to its average volume of 800,170. The company has a market capitalization of $24.28 billion, a P/E ratio of 2,886.12 and a beta of 1.03. CyberArk Software Ltd. has a 1-year low of $269.00 and a 1-year high of $493.85. 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 business has a 50 day moving average of $430.67 and a 200 day moving average of $386.37.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued 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 business had revenue of $328.03 million for the quarter, compared to the consensus estimate of $315.43 million. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.The firm's quarterly revenue was up 46.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.54 earnings per share. Research analysts forecast 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.