CyberArk Software Ltd. $CYBR Shares Purchased by Nordea Investment Management AB

Nordea Investment Management AB grew its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 31.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 6,183 shares of the technology company’s stock after buying an additional 1,485 shares during the quarter. Nordea Investment Management AB’s holdings in CyberArk Software were worth $2,500,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Golden State Wealth Management LLC lifted its stake in shares of 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 purchasing an additional 39 shares during the period. Opal Wealth Advisors LLC purchased a new position in CyberArk Software in the second quarter valued at $30,000. Bessemer Group Inc. boosted its stake in shares of CyberArk Software by 421.1% during the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company’s stock worth $33,000 after acquiring an additional 80 shares in the last quarter. Morse Asset Management Inc acquired a new stake in shares of CyberArk Software during the 1st quarter valued at about $34,000. Finally, Whittier Trust Co. of Nevada Inc. grew its position in shares of CyberArk Software by 340.0% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 110 shares of the technology company’s stock valued at $37,000 after acquiring an additional 85 shares during the period. Institutional investors and hedge funds own 91.84% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on CYBR. KeyCorp downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 31st. Royal Bank Of Canada reiterated a “sector perform” rating and set a $448.00 target price (up previously from $420.00) on shares of CyberArk Software in a research report on Thursday, July 31st. UBS Group cut shares of CyberArk Software from a “strong-buy” rating to a “hold” rating and lifted their price target for the company from $480.00 to $485.00 in a research note on Thursday, July 31st. Canaccord Genuity Group downgraded shares of CyberArk Software from a “buy” rating to a “hold” rating and increased their price objective for the company from $440.00 to $502.00 in a report on Wednesday, October 15th. Finally, Oppenheimer reiterated a “market perform” rating on shares of CyberArk Software in a research report on Friday, August 1st. Ten analysts have rated the stock with a Buy rating and twenty-one have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $448.85.

CyberArk Software Stock Down 1.0%

CYBR stock opened at $501.20 on Thursday. 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 has a 50-day moving average of $472.21 and a two-hundred day moving average of $409.07. CyberArk Software Ltd. has a 12 month low of $271.68 and a 12 month high of $514.28. The company has a market cap of $25.30 billion, a price-to-earnings ratio of -148.72 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 (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $315.43 million. During the same period in the prior year, the business earned $0.54 earnings per share. The business’s revenue was up 46.0% compared to the same quarter last year. As a group, analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

CyberArk Software 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.