Natixis Advisors L.P. lifted its position in CyberArk Software Ltd. (NASDAQ:CYBR – Get Rating) by 11.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,735 shares of the technology company’s stock after purchasing an additional 3,853 shares during the quarter. Natixis Advisors L.P. owned 0.10% of CyberArk Software worth $6,537,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the company. Sycomore Asset Management raised its stake in shares of CyberArk Software by 112.3% in the first quarter. Sycomore Asset Management now owns 42,139 shares of the technology company’s stock valued at $7,209,000 after purchasing an additional 22,289 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of CyberArk Software by 29.8% in the first quarter. PNC Financial Services Group Inc. now owns 2,956 shares of the technology company’s stock valued at $498,000 after purchasing an additional 678 shares in the last quarter. Citigroup Inc. raised its stake in shares of CyberArk Software by 188.1% in the first quarter. Citigroup Inc. now owns 244,770 shares of the technology company’s stock valued at $41,305,000 after purchasing an additional 159,819 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of CyberArk Software by 56.3% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 75,484 shares of the technology company’s stock valued at $12,738,000 after purchasing an additional 27,205 shares in the last quarter. Finally, Lisanti Capital Growth LLC acquired a new position in shares of CyberArk Software in the first quarter valued at $10,387,000. 88.36% of the stock is currently owned by institutional investors and hedge funds.
CyberArk Software Price Performance
CyberArk Software stock opened at $137.51 on Friday. The business’s 50-day simple moving average is $139.03 and its 200 day simple moving average is $146.11. The stock has a market cap of $5.60 billion, a price-to-earnings ratio of -45.53 and a beta of 1.20. CyberArk Software Ltd. has a 12-month low of $100.35 and a 12-month high of $201.68. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.86.
CyberArk Software (NASDAQ:CYBR – Get Rating) last posted its quarterly earnings results on Wednesday, August 10th. The technology company reported ($0.88) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.95) by $0.07. CyberArk Software had a negative return on equity of 15.42% and a negative net margin of 22.37%. The business had revenue of $142.33 million for the quarter, compared to analysts’ expectations of $138.45 million. During the same quarter last year, the business earned ($0.45) earnings per share. The firm’s quarterly revenue was up 21.4% compared to the same quarter last year. As a group, research analysts anticipate that CyberArk Software Ltd. will post -3.67 earnings per share for the current year.
Analysts Set New Price Targets
Several research analysts have issued reports on the company. Wedbush increased their price objective on CyberArk Software from $150.00 to $170.00 and gave the stock an “outperform” rating in a research note on Thursday, August 11th. Needham & Company LLC increased their price objective on CyberArk Software from $195.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, August 11th. Mizuho increased their price objective on CyberArk Software from $170.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, August 11th. Summit Insights dropped their price objective on CyberArk Software from $225.00 to $150.00 in a research note on Thursday, May 12th. Finally, Morgan Stanley increased their price objective on CyberArk Software from $172.00 to $184.00 and gave the stock an “overweight” rating in a research note on Thursday, August 11th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, CyberArk Software currently has an average rating of “Moderate Buy” and a consensus price target of $177.67.
CyberArk Software Profile
CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sales software-based security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager that offers risk-based credential security and session management to protect against attacks involving privileged access; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide fast, easy, and secure privileged access to third-party vendors; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Cloud Entitlements Manager, a SaaS solution, which reduces risk that arises from excessive privileges by implementing least privilege across cloud environments.
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