Zions Bancorporation National Association UT Takes $4.45 Million Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Key Points

• Zions Bancorporation National Association UT has acquired a new stake in CyberArk Software, purchasing 13,163 shares valued at approximately $4.4 million.
• CyberArk reported a positive quarterly earnings result, with $328 million in revenue and earnings per share of $0.88, surpassing analysts' expectations.
• The stock has seen mixed ratings from analysts, with consensus suggesting a "Hold" rating and a target price averaging around $435.11.

Zions Bancorporation National Association UT purchased a new position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 13,163 shares of the technology company's stock, valued at approximately $4,449,000.

Several other hedge funds have also recently bought and sold shares of the company. Venturi Wealth Management LLC increased its holdings in CyberArk Software by 3.6% in the 1st quarter. Venturi Wealth Management LLC now owns 834 shares of the technology company's stock valued at $282,000 after buying an additional 29 shares during the period. CenterBook Partners LP increased its holdings in CyberArk Software by 2.4% in the 4th quarter. CenterBook Partners LP now owns 1,603 shares of the technology company's stock valued at $534,000 after buying an additional 38 shares during the period. Y.D. More Investments Ltd increased its holdings in CyberArk Software by 0.5% in the 1st quarter. Y.D. More Investments Ltd now owns 6,974 shares of the technology company's stock valued at $2,415,000 after buying an additional 38 shares during the period. Golden State Wealth Management LLC increased its holdings in CyberArk Software by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock valued at $26,000 after buying an additional 39 shares during the period. Finally, Assetmark Inc. boosted its stake in shares of CyberArk Software by 13.9% in the 1st quarter. Assetmark Inc. now owns 327 shares of the technology company's stock valued at $111,000 after purchasing an additional 40 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 issued reports on the stock. Rosenblatt Securities downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $445.00 target price on the stock. in a research report on Friday, August 1st. Robert W. Baird reissued a "neutral" rating and set a $460.00 target price on shares of CyberArk Software in a research note on Friday, August 1st. Guggenheim cut shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $455.00 target price for the company. in a research note on Thursday, July 31st. UBS Group cut shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and raised their target price for the company from $480.00 to $485.00 in a research note on Thursday, July 31st. Finally, BTIG Research downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 30th. Eighteen analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $435.11.

CyberArk Software Price Performance

Shares of CyberArk Software stock traded up $2.10 on Monday, hitting $401.86. 1,916,058 shares of the company were exchanged, compared to its average volume of 2,427,395. The stock has a market capitalization of $19.86 billion, a price-to-earnings ratio of 2,351.53 and a beta of 0.96. The company has a 50-day moving average price of $394.65 and a 200 day moving average price of $370.30. CyberArk Software Ltd. has a 1-year low of $254.43 and a 1-year high of $452.00. 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 (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings data 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 positive return on equity of 0.44% and a negative net margin of 13.78%. The business had revenue of $328.03 million for the quarter, compared to analyst estimates of $315.43 million. During the same quarter in the prior year, the company earned $0.54 earnings per share. The company's revenue was up 46.0% on a year-over-year basis. As a group, sell-side analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

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.