Voya Investment Management LLC Grows Stock Holdings in CyberArk Software Ltd. $CYBR

Key Points

• Voya Investment Management LLC increased its stake in CyberArk Software by 0.7%, acquiring an additional 6,314 shares, bringing their total holdings to approximately 888,898 shares valued at around $300.4 million.
• CyberArk Software recently reported earnings of $0.88 per share, surpassing analysts' expectations by $0.09, with quarterly revenue increasing by 46.0% year-over-year.
• Analysts have mixed views on CyberArk, with several maintaining "hold" ratings, yet fourteen analysts are bullish with "buy" ratings, reflecting a consensus price target of approximately $435.11.

Voya Investment Management LLC grew its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 0.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 888,898 shares of the technology company's stock after buying an additional 6,314 shares during the quarter. Voya Investment Management LLC owned 1.80% of CyberArk Software worth $300,448,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Thoma Bravo L.P. purchased a new stake in shares of CyberArk Software during the 4th quarter valued at $380,637,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of CyberArk Software by 1,598.3% during the 1st 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 during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of CyberArk Software by 82.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 740,504 shares of the technology company's stock valued at $250,290,000 after purchasing an additional 335,634 shares during the last quarter. Amundi lifted its holdings in shares of CyberArk Software by 153.5% during the 1st quarter. Amundi now owns 547,466 shares of the technology company's stock valued at $179,547,000 after purchasing an additional 331,498 shares during the last quarter. Finally, Congress Asset Management Co. lifted its holdings in shares of CyberArk Software by 304.2% during the 1st quarter. Congress Asset Management Co. now owns 332,770 shares of the technology company's stock valued at $112,476,000 after purchasing an additional 250,441 shares during the last quarter. Institutional investors own 91.84% of the company's stock.

CyberArk Software Trading Up 0.6%

CyberArk Software stock traded up $2.85 during trading on Wednesday, hitting $478.79. The company had a trading volume of 725,454 shares, compared to its average volume of 930,598. CyberArk Software Ltd. has a 1-year low of $267.18 and a 1-year high of $482.76. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.53. The company's 50 day simple moving average is $422.38 and its 200-day simple moving average is $382.26. The stock has a market cap of $23.67 billion, a price-to-earnings ratio of -141.44 and a beta of 1.03.

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

Analysts Set New Price Targets

Several analysts have recently commented on CYBR shares. Royal Bank Of Canada reiterated a "sector perform" rating and set a $448.00 price objective (up previously from $420.00) on shares of CyberArk Software in a report on Thursday, July 31st. Scotiabank reissued a "sector perform" rating and issued a $448.00 target price (down from $460.00) on shares of CyberArk Software in a research report on Tuesday, August 5th. Guggenheim downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $455.00 target price on the stock. in a research report on Thursday, July 31st. William Blair downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Finally, Needham & Company LLC upped their target price on CyberArk Software from $460.00 to $551.00 and gave the company a "buy" 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $435.11.

CyberArk Software Company 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.