Swedbank AB Has $150.92 Million Position in CyberArk Software Ltd. $CYBR

Key Points

• Swedbank AB reduced its stake in CyberArk Software Ltd. by 18.1%, owning approximately 446,500 shares valued at $150.92 million after selling 98,600 shares recently.
• CyberArk Software reported a quarterly earnings per share (EPS) of $0.88, surpassing analysts' expectations, with a revenue of $328.03 million, which represents a 46.0% increase year-over-year.
• Investment ratings for CyberArk vary, with the consensus rating being "Hold" and a current average price target of $435.11, indicating mixed analyst sentiment about the stock's future performance.

Swedbank AB reduced its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 18.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 446,500 shares of the technology company's stock after selling 98,600 shares during the quarter. Swedbank AB owned about 0.90% of CyberArk Software worth $150,917,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Voya Investment Management LLC grew its position in shares of CyberArk Software by 0.7% during the 1st quarter. Voya Investment Management LLC now owns 888,898 shares of the technology company's stock worth $300,448,000 after buying an additional 6,314 shares during the period. First Hawaiian Bank grew its position in shares of CyberArk Software by 123.7% during the 1st quarter. First Hawaiian Bank now owns 8,511 shares of the technology company's stock worth $2,877,000 after buying an additional 4,706 shares during the period. Rhumbline Advisers grew its position in shares of CyberArk Software by 6.8% during the 1st quarter. Rhumbline Advisers now owns 16,164 shares of the technology company's stock worth $5,463,000 after buying an additional 1,034 shares during the period. Strs Ohio acquired a new position in shares of CyberArk Software during the 1st quarter worth about $31,957,000. Finally, Diker Management LLC acquired a new position in shares of CyberArk Software during the 1st quarter worth about $676,000. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on CYBR. William Blair lowered CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Cantor Fitzgerald restated an "overweight" rating and set a $420.00 target price on shares of CyberArk Software in a research report on Tuesday, July 22nd. Wedbush reiterated a "neutral" rating and set a $450.00 price objective on shares of CyberArk Software in a report on Thursday, July 31st. Wolfe Research cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. Finally, BTIG Research cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th. Fourteen investment analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the stock. Based on data from MarketBeat, CyberArk Software has a consensus rating of "Hold" and an average price target of $435.11.

CyberArk Software Trading Up 0.5%

NASDAQ:CYBR opened at $471.19 on Friday. The stock has a market capitalization of $23.29 billion, a PE ratio of -139.82 and a beta of 1.03. The business's 50-day simple moving average is $417.93 and its 200-day simple moving average is $379.84. 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 Ltd. has a fifty-two week low of $266.64 and a fifty-two week high of $480.59.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its earnings results on Wednesday, July 30th. The technology company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.79 by $0.09. The firm had revenue of $328.03 million for the quarter, compared to analysts' expectations of $315.43 million. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.The business's quarterly 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. Sell-side analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal 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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