TD Asset Management Inc Has $6.23 Million Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Key Points

• TD Asset Management Inc has increased its stake in CyberArk Software Ltd. by 20.3%, acquiring an additional 3,116 shares, bringing its total holdings to 18,444 shares valued at $6.23 million.
• Various institutional investors, including Vanguard Group and AllianceBernstein, have also boosted their investments in CyberArk, indicating strong institutional interest with 91.84% of the stock owned by these investors.
• CyberArk Software reported a 46% year-over-year increase in revenue, achieving $328.03 million for the quarter and surpassing analysts' expectations for earnings.

TD Asset Management Inc boosted its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 20.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,444 shares of the technology company's stock after buying an additional 3,116 shares during the quarter. TD Asset Management Inc's holdings in CyberArk Software were worth $6,234,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Thoma Bravo L.P. acquired a new stake in CyberArk Software during the fourth quarter worth about $380,637,000. First Trust Advisors LP raised its stake in shares of CyberArk Software by 2.3% in the fourth quarter. First Trust Advisors LP now owns 939,768 shares of the technology company's stock valued at $313,084,000 after acquiring an additional 20,832 shares during the last quarter. Driehaus Capital Management LLC raised its stake in shares of CyberArk Software by 31.5% in the fourth quarter. Driehaus Capital Management LLC now owns 478,096 shares of the technology company's stock valued at $159,278,000 after acquiring an additional 114,622 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of CyberArk Software by 5.3% in the fourth quarter. Geode Capital Management LLC now owns 392,006 shares of the technology company's stock valued at $130,088,000 after acquiring an additional 19,775 shares during the last quarter. Finally, Congress Asset Management Co. raised its stake in shares of CyberArk Software by 304.2% in the first quarter. Congress Asset Management Co. now owns 332,770 shares of the technology company's stock valued at $112,476,000 after acquiring an additional 250,441 shares during the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Stock Down 1.2%

CYBR traded down $5.00 during trading on Monday, hitting $409.00. The company had a trading volume of 1,980,093 shares, compared to its average volume of 2,164,878. The firm's 50-day moving average price is $391.99 and its 200 day moving average price is $368.24. 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 one year low of $230.00 and a one year high of $452.00. The company has a market capitalization of $20.22 billion, a PE ratio of -121.36 and a beta of 0.96.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.88 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $328.03 million for the quarter, compared to analysts' expectations of $315.43 million. During the same period in the previous year, the firm posted $0.54 EPS. The company's revenue for the quarter was up 46.0% on a year-over-year basis. As a group, equities analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CYBR. Piper Sandler reiterated a "neutral" rating and issued a $448.00 target price (up previously from $440.00) on shares of CyberArk Software in a research note on Thursday. Guggenheim lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $455.00 price target for the company. in a report on Thursday. Rosenblatt Securities lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $445.00 price target for the company. in a report on Friday. Royal Bank Of Canada lowered shares of CyberArk Software from a "moderate buy" rating to a "hold" rating and raised their price target for the company from $420.00 to $448.00 in a report on Thursday. Finally, Stephens lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Thursday. Seventeen investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $433.39.

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.