UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Boosts Stock Holdings in CyberArk Software Ltd. $CYBR

Key Points

• UBS Asset Management increased its stake in CyberArk Software Ltd. by 82.9% in Q1, now owning approximately 1.50% of the company, valued at $250.29 million.
• Various large investors, including Thoma Bravo and Invesco, have made significant adjustments to their holdings in CyberArk, indicating strong institutional interest in the company.
• Despite recent upgrades in price targets from several analysts, the stock has a consensus rating of "Hold" with an average target price of $435.11.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 82.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 740,504 shares of the technology company's stock after buying an additional 335,634 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 1.50% of CyberArk Software worth $250,290,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Thoma Bravo L.P. acquired a new stake in shares of CyberArk Software in the fourth quarter valued at approximately $380,637,000. Price T Rowe Associates Inc. MD grew its position in CyberArk Software by 1,598.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 979,181 shares of the technology company's stock valued at $330,964,000 after purchasing an additional 921,523 shares in the last quarter. Amundi increased its stake in CyberArk Software by 153.5% in the 1st quarter. Amundi now owns 547,466 shares of the technology company's stock valued at $179,547,000 after buying an additional 331,498 shares during the last quarter. Congress Asset Management Co. lifted its position in CyberArk Software by 304.2% during the 1st quarter. Congress Asset Management Co. now owns 332,770 shares of the technology company's stock worth $112,476,000 after buying an additional 250,441 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in CyberArk Software by 545.1% during the 1st quarter. BNP Paribas Financial Markets now owns 230,362 shares of the technology company's stock worth $77,862,000 after buying an additional 194,651 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. KeyCorp downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 31st. Stifel Nicolaus reissued a "hold" rating and set a $444.00 target price on shares of CyberArk Software in a report on Thursday, July 31st. Piper Sandler reaffirmed a "neutral" rating and set a $448.00 price target (up previously from $440.00) on shares of CyberArk Software in a report on Thursday, July 31st. Robert W. Baird reiterated a "neutral" rating and issued a $460.00 price objective on shares of CyberArk Software in a report on Friday, August 1st. Finally, BTIG Research lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Fourteen equities research analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $435.11.

CyberArk Software Price Performance

Shares of CyberArk Software stock traded down $4.89 during trading hours on Friday, reaching $466.30. The stock had a trading volume of 639,038 shares, compared to its average volume of 898,057. The stock's 50 day moving average is $419.28 and its 200 day moving average is $380.62. CyberArk Software Ltd. has a twelve month low of $266.64 and a twelve month high of $480.59. The firm has a market capitalization of $23.05 billion, a PE ratio of -138.37 and a beta of 1.03. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.53.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share 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 the consensus estimate of $315.43 million. During the same period last year, the firm posted $0.54 earnings per share. The company's revenue for the quarter was up 46.0% on a year-over-year basis. Equities 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.