KBC Group NV Grows Holdings in CyberArk Software Ltd. $CYBR

KBC Group NV increased its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 48.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 97,271 shares of the technology company’s stock after purchasing an additional 31,765 shares during the period. KBC Group NV owned approximately 0.20% of CyberArk Software worth $39,578,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CYBR. Price T Rowe Associates Inc. MD boosted its position 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 during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted 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 in the last quarter. Amundi boosted its holdings in CyberArk Software by 153.5% during the 1st quarter. Amundi now owns 547,466 shares of the technology company’s stock valued at $179,547,000 after acquiring an additional 331,498 shares during the period. BNP Paribas Financial Markets grew its position in CyberArk Software by 545.1% in the 1st quarter. BNP Paribas Financial Markets now owns 230,362 shares of the technology company’s stock valued at $77,862,000 after acquiring an additional 194,651 shares in the last quarter. Finally, Invesco Ltd. grew its position in CyberArk Software by 12.2% in the 1st quarter. Invesco Ltd. now owns 1,129,894 shares of the technology company’s stock valued at $381,904,000 after acquiring an additional 122,423 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CYBR shares. Barclays reiterated an “equal weight” rating and set a $520.00 target price (up from $440.00) on shares of CyberArk Software in a report on Tuesday, October 14th. Citizens Jmp downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $448.00 price objective (up previously from $420.00) on shares of CyberArk Software in a research note on Thursday, July 31st. Cantor Fitzgerald restated an “overweight” rating and set a $420.00 target price on shares of CyberArk Software in a research note on Tuesday, July 22nd. Finally, Zacks Research lowered shares of CyberArk Software from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 21st. Nine research analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $451.69.

CyberArk Software Price Performance

Shares of CYBR opened at $499.43 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.31 and a quick ratio of 2.31. CyberArk Software Ltd. has a 1-year low of $288.63 and a 1-year high of $526.19. The stock has a market cap of $25.21 billion, a PE ratio of -148.20 and a beta of 1.01. The firm has a fifty day moving average price of $493.85 and a 200 day moving average price of $428.97.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Thursday, November 6th. The technology company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.28. The business had revenue of $342.84 million during the quarter, compared to the consensus estimate of $328.52 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 42.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.94 EPS. As a group, sell-side analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current 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.