LGT Fund Management Co Ltd. Has $2.81 Million Stock Position in CyberArk Software Ltd. $CYBR

LGT Fund Management Co Ltd. lowered its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 73.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 6,912 shares of the technology company’s stock after selling 18,740 shares during the period. LGT Fund Management Co Ltd.’s holdings in CyberArk Software were worth $2,812,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of CYBR. Price T Rowe Associates Inc. MD increased its position in CyberArk Software by 1,598.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 979,181 shares of the technology company’s stock worth $330,964,000 after acquiring an additional 921,523 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in CyberArk Software by 82.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 740,504 shares of the technology company’s stock worth $250,290,000 after acquiring an additional 335,634 shares during the period. Amundi increased its position in CyberArk Software by 153.5% during the first quarter. Amundi now owns 547,466 shares of the technology company’s stock worth $179,547,000 after acquiring an additional 331,498 shares during the period. Congress Asset Management Co. increased its position in CyberArk Software by 304.2% during the first quarter. Congress Asset Management Co. now owns 332,770 shares of the technology company’s stock worth $112,476,000 after acquiring an additional 250,441 shares during the period. Finally, BNP Paribas Financial Markets increased its position in CyberArk Software by 545.1% during the first quarter. BNP Paribas Financial Markets now owns 230,362 shares of the technology company’s stock worth $77,862,000 after acquiring an additional 194,651 shares during the period. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Trading Down 0.9%

CYBR opened at $490.39 on Friday. The company’s 50 day moving average is $449.49 and its 200-day moving average is $395.00. CyberArk Software Ltd. has a 1-year low of $271.68 and a 1-year high of $501.08. 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 has a market cap of $24.75 billion, a P/E ratio of -145.52 and a beta of 1.01.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share for the quarter, beating 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 company had revenue of $328.03 million for the quarter, compared to the consensus estimate of $315.43 million. During the same period last year, the company posted $0.54 EPS. The firm’s quarterly revenue was up 46.0% compared to the same quarter last year. Equities research analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Stephens lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 31st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $420.00 price target on shares of CyberArk Software in a research report on Tuesday, July 22nd. Needham & Company LLC raised their price target on shares of CyberArk Software from $460.00 to $551.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Rosenblatt Securities lowered 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 report on Friday, August 1st. Finally, KeyCorp lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. Twelve investment analysts have rated the stock with a Buy rating and nineteen have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $439.00.

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.