Swiss National Bank Increases Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Key Points

• The Swiss National Bank increased its stake in CyberArk Software Ltd. by 9.9% during the first quarter, bringing its total shares owned to 130,900 worth approximately $44.24 million.
• CyberArk Software reported a quarterly revenue of $328.03 million, exceeding analysts' estimates of $315.43 million, with earnings per share of $0.88.
• Institutional investors control 91.84% of CyberArk Software's stock, showcasing strong confidence in the company's market position.

Swiss National Bank grew its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 9.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 130,900 shares of the technology company's stock after acquiring an additional 11,800 shares during the quarter. Swiss National Bank owned about 0.26% of CyberArk Software worth $44,244,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of CYBR. Bessemer Group Inc. boosted its position in shares of CyberArk Software by 421.1% during the first quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock valued at $33,000 after buying an additional 80 shares during the last quarter. Golden State Wealth Management LLC boosted its position in shares of CyberArk Software by 100.0% during the first 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. Mirae Asset Global Investments Co. Ltd. boosted its position in CyberArk Software by 17.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,868 shares of the technology company's stock worth $627,000 after purchasing an additional 280 shares during the last quarter. Blue Trust Inc. grew its stake in CyberArk Software by 5.9% in the 1st quarter. Blue Trust Inc. now owns 1,099 shares of the technology company's stock valued at $371,000 after purchasing an additional 61 shares during the period. Finally, Yousif Capital Management LLC grew its stake in CyberArk Software by 9.1% in the 1st quarter. Yousif Capital Management LLC now owns 2,235 shares of the technology company's stock valued at $755,000 after purchasing an additional 187 shares during the period. Institutional investors own 91.84% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on CYBR shares. Wedbush restated a "neutral" rating and issued a $450.00 price objective on shares of CyberArk Software in a research note on Thursday, July 31st. DA Davidson upped their price objective on CyberArk Software from $465.00 to $518.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Piper Sandler restated a "neutral" rating and issued a $448.00 price objective (up previously from $440.00) on shares of CyberArk Software in a research note on Thursday, July 31st. Guggenheim downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $455.00 price objective for the company. in a research note on Thursday, July 31st. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $420.00 price target on shares of CyberArk Software in a research report on Tuesday, July 22nd. Eighteen equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $435.11.

CyberArk Software Price Performance

Shares of CyberArk Software stock traded up $9.32 during trading on Friday, hitting $423.85. 1,037,868 shares of the stock traded hands, compared to its average volume of 2,580,099. The stock has a market cap of $20.95 billion, a price-to-earnings ratio of -125.77 and a beta of 0.96. 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 $254.43 and a 52 week high of $452.00. The firm's fifty day moving average is $396.53 and its 200-day moving average is $371.71.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.09. The company 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%. CyberArk Software's revenue for the quarter was up 46.0% compared to the same quarter last year. During the same period last year, the firm posted $0.54 EPS. Research analysts expect that CyberArk Software Ltd. will post -0.47 EPS 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.