Voya Investment Management LLC Boosts Position 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 position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 0.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 888,898 shares of the technology company's stock after purchasing an additional 6,314 shares during the period. Voya Investment Management LLC owned approximately 1.80% of CyberArk Software worth $300,448,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Venturi Wealth Management LLC grew its position in CyberArk Software by 3.6% during the first quarter. Venturi Wealth Management LLC now owns 834 shares of the technology company's stock worth $282,000 after buying an additional 29 shares in the last quarter. Prudential PLC grew its holdings in shares of CyberArk Software by 2.4% during the first quarter. Prudential PLC now owns 1,277 shares of the technology company's stock worth $432,000 after purchasing an additional 30 shares in the last quarter. MAI Capital Management increased its position in shares of CyberArk Software by 1.1% in the first quarter. MAI Capital Management now owns 2,756 shares of the technology company's stock worth $932,000 after purchasing an additional 31 shares during the last quarter. Y.D. More Investments Ltd raised its stake in CyberArk Software by 0.5% in the first quarter. Y.D. More Investments Ltd now owns 6,974 shares of the technology company's stock valued at $2,415,000 after purchasing an additional 38 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its stake in CyberArk Software by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock valued at $26,000 after purchasing an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company's stock.

CyberArk Software Trading Down 1.0%

CYBR stock traded down $4.89 during midday trading on Friday, hitting $466.30. The company had a trading volume of 639,038 shares, compared to its average volume of 878,114. The stock has a market cap of $23.05 billion, a price-to-earnings ratio of -138.37 and a beta of 1.03. CyberArk Software Ltd. has a 52 week low of $266.64 and a 52 week high of $480.59. 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 stock's 50 day moving average price is $419.28 and its 200 day moving average price is $380.82.

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

Analysts Set New Price Targets

A number of research firms have commented on CYBR. Stifel Nicolaus reissued a "hold" rating and issued a $444.00 price target on shares of CyberArk Software in a research note on Thursday, July 31st. Cantor Fitzgerald reiterated an "overweight" rating and issued a $420.00 target price on shares of CyberArk Software in a research report on Tuesday, July 22nd. Stephens downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 31st. DA Davidson upped their price objective on CyberArk Software from $465.00 to $518.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. 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 given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $435.11.

CyberArk Software 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.