Zevenbergen Capital Investments LLC Takes $1.61 Million Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Key Points

• Zevenbergen Capital Investments LLC acquired a new position in CyberArk Software, purchasing 4,755 shares valued at approximately $1.61 million.
• CyberArk Software reported a 46% increase in quarterly revenue year-over-year, reaching $328.03 million, and surpassed earnings estimates with $0.88 earnings per share.
• The stock currently has a consensus rating of "Hold" from analysts, with a target price averaging around $435.11.

Zevenbergen Capital Investments LLC acquired a new stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 4,755 shares of the technology company's stock, valued at approximately $1,607,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Thoma Bravo L.P. acquired a new stake in shares of CyberArk Software during the 4th quarter worth about $380,637,000. Invesco Ltd. lifted its stake in shares of CyberArk Software by 12.2% during the 1st quarter. Invesco Ltd. now owns 1,129,894 shares of the technology company's stock worth $381,904,000 after buying an additional 122,423 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of CyberArk Software by 2.3% during the 4th quarter. First Trust Advisors LP now owns 939,768 shares of the technology company's stock worth $313,084,000 after buying an additional 20,832 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of CyberArk Software by 18.7% during the 1st quarter. JPMorgan Chase & Co. now owns 675,032 shares of the technology company's stock worth $228,161,000 after buying an additional 106,435 shares during the last quarter. Finally, Driehaus Capital Management LLC lifted its stake in shares of CyberArk Software by 31.5% during the 4th quarter. Driehaus Capital Management LLC now owns 478,096 shares of the technology company's stock worth $159,278,000 after buying an additional 114,622 shares during the last quarter. Institutional investors own 91.84% of the company's stock.

CyberArk Software Trading Down 0.7%

Shares of CyberArk Software stock opened at $399.76 on Friday. The firm has a market capitalization of $19.76 billion, a PE ratio of -118.62 and a beta of 0.96. 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 firm's 50 day moving average is $394.49 and its 200 day moving average is $369.93. CyberArk Software Ltd. has a 1 year low of $254.43 and a 1 year high of $452.00.

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, topping analysts' consensus estimates 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 analyst estimates 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% compared to the same quarter last year. Equities research analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CYBR shares. Wedbush restated a "neutral" rating and set a $450.00 target price on shares of CyberArk Software in a research note on Thursday, July 31st. William Blair cut shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Stephens cut shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. DA Davidson lifted their price objective on shares of CyberArk Software from $465.00 to $518.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Finally, KeyCorp cut shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. Eighteen analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $435.11.

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.

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