Hantz Financial Services Inc. Sells 2,389 Shares of CyberArk Software Ltd. $CYBR

Hantz Financial Services Inc. trimmed its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 9.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,645 shares of the technology company’s stock after selling 2,389 shares during the quarter. Hantz Financial Services Inc.’s holdings in CyberArk Software were worth $8,807,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in CYBR. Price T Rowe Associates Inc. MD increased 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 purchasing an additional 921,523 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in CyberArk Software by 82.9% during the 1st 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 stake in CyberArk Software by 153.5% during the 1st 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. BNP Paribas Financial Markets increased its stake in CyberArk Software by 545.1% during the 1st 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. Finally, Invesco Ltd. increased its position in shares of CyberArk Software by 12.2% in the first quarter. Invesco Ltd. now owns 1,129,894 shares of the technology company’s stock worth $381,904,000 after purchasing an additional 122,423 shares during the period. 91.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Scotiabank restated a “sector perform” rating and issued a $448.00 price target (down previously from $460.00) on shares of CyberArk Software in a research report on Tuesday, August 5th. Stephens lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. Barclays reissued an “equal weight” rating and issued a $520.00 price objective (up from $440.00) on shares of CyberArk Software in a research note on Tuesday, October 14th. Stifel Nicolaus reissued a “hold” rating and issued a $444.00 price objective on shares of CyberArk Software in a research note on Thursday, July 31st. Finally, William Blair cut shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Ten research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $448.85.

CyberArk Software Trading Up 0.6%

Shares of CyberArk Software stock opened at $516.47 on Friday. The firm’s 50 day moving average is $482.73 and its 200 day moving average is $417.20. The firm has a market capitalization of $26.07 billion, a PE ratio of -153.26 and a beta of 1.01. CyberArk Software Ltd. has a 1 year low of $271.68 and a 1 year high of $526.19. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.53.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results 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. The firm had revenue of $328.03 million for the quarter, compared to analysts’ expectations of $315.43 million. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. The company’s revenue was up 46.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.54 earnings per share. Equities research analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

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.