Meitav Investment House Ltd. Has $15.32 Million Stock Holdings in CyberArk Software Ltd. $CYBR

Meitav Investment House Ltd. decreased its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 1.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 37,652 shares of the technology company’s stock after selling 604 shares during the period. Meitav Investment House Ltd.’s holdings in CyberArk Software were worth $15,319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Invesco Ltd. lifted its holdings in shares of CyberArk Software by 12.2% during the first 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 in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of 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 buying an additional 921,523 shares in the last quarter. Voya Investment Management LLC lifted its holdings in shares of CyberArk Software by 0.7% during the first quarter. Voya Investment Management LLC now owns 888,898 shares of the technology company’s stock worth $300,448,000 after buying an additional 6,314 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of 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 buying an additional 335,634 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of CyberArk Software by 18.7% during the first 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 in the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Stock Up 2.6%

Shares of NASDAQ CYBR opened at $503.07 on Tuesday. 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 $25.39 billion, a price-to-earnings ratio of -149.28 and a beta of 1.01. CyberArk Software Ltd. has a 12 month low of $271.68 and a 12 month high of $505.18. The stock has a 50-day moving average price of $451.89 and a two-hundred day moving average price of $396.73.

CyberArk Software (NASDAQ:CYBR) 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. The firm had revenue of $328.03 million during the quarter, compared to the consensus estimate of $315.43 million. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.The business’s quarterly revenue was up 46.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.54 earnings per share. As a group, analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CYBR has been the subject of a number of research reports. Royal Bank Of Canada reissued a “sector perform” rating and set a $448.00 target price (up previously from $420.00) on shares of CyberArk Software in a report on Thursday, July 31st. William Blair downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 30th. BTIG Research downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Wedbush reaffirmed a “neutral” rating and issued a $450.00 price target on shares of CyberArk Software in a research note on Thursday, July 31st. Finally, JMP Securities reaffirmed a “market perform” rating on shares of CyberArk Software in a research note on Tuesday, September 23rd. Twelve equities research analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $439.00.

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.