Robeco Institutional Asset Management B.V. Has $8.83 Million Stock Position in CyberArk Software Ltd. $CYBR

Robeco Institutional Asset Management B.V. reduced its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 76.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,273 shares of the technology company’s stock after selling 60,584 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in CyberArk Software were worth $8,829,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CYBR. Norges Bank bought a new position in CyberArk Software during the second quarter worth about $444,613,000. Clal Insurance Enterprises Holdings Ltd raised its position in shares of CyberArk Software by 85.3% in the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 362,752 shares of the technology company’s stock valued at $147,597,000 after acquiring an additional 167,000 shares during the period. Lazard Asset Management LLC boosted its stake in CyberArk Software by 175.8% during the 2nd quarter. Lazard Asset Management LLC now owns 243,637 shares of the technology company’s stock worth $99,130,000 after acquiring an additional 155,294 shares during the last quarter. Anatole Investment Management Ltd acquired a new position in CyberArk Software during the second quarter valued at approximately $58,075,000. Finally, Fiera Capital Corp acquired a new position in CyberArk Software during the second quarter valued at approximately $52,143,000. Institutional investors own 91.84% of the company’s stock.

Analyst Ratings Changes

CYBR has been the topic of a number of recent analyst reports. DA Davidson reissued a “buy” rating and set a $518.00 price target on shares of CyberArk Software in a research report on Friday, November 7th. Citizens Jmp lowered CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. JMP Securities restated a “market perform” rating on shares of CyberArk Software in a report on Tuesday, September 23rd. Zacks Research raised CyberArk Software from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. initiated coverage on CyberArk Software in a research report on Wednesday, December 17th. They issued a “neutral” rating and a $474.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twenty-four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $462.63.

CyberArk Software Stock Down 0.9%

CYBR stock opened at $456.73 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.14 and a quick ratio of 2.14. The stock has a market capitalization of $23.06 billion, a P/E ratio of -99.07, a P/E/G ratio of 21.42 and a beta of 0.92. CyberArk Software Ltd. has a fifty-two week low of $288.63 and a fifty-two week high of $526.19. The business has a 50-day moving average of $465.76 and a 200-day moving average of $452.73.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Thursday, November 6th. The technology company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.28. CyberArk Software had a negative return on equity of 0.07% and a negative net margin of 17.42%.The business had revenue of $342.84 million for the quarter, compared to analyst estimates of $328.52 million. During the same quarter last year, the firm earned $0.94 EPS. CyberArk Software’s revenue for the quarter was up 42.8% compared to the same quarter last year. On average, sell-side analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

CyberArk Software Company Profile

CyberArk Software Ltd. is a cybersecurity company that focuses on identity security and privileged access management. Its core mission is to protect organizations from cyber threats that target privileged accounts, credentials and secrets that can provide attackers with broad access to critical systems. CyberArk’s offerings are designed to help enterprises control, monitor and secure privileged credentials across on-premises, cloud and hybrid environments, reducing the risk of lateral movement and data breaches.

The company delivers a suite of software and cloud services that address privileged access, secrets management, endpoint privilege management and identity-based threat detection.