Asset Management One Co. Ltd. Grows Stake in CyberArk Software Ltd. $CYBR

Asset Management One Co. Ltd. raised its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 0.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,327 shares of the technology company’s stock after purchasing an additional 168 shares during the period. Asset Management One Co. Ltd. owned 0.10% of CyberArk Software worth $20,070,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Opal Wealth Advisors LLC purchased a new position in CyberArk Software during the 2nd quarter worth $30,000. Golden State Wealth Management LLC boosted its holdings in CyberArk Software by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company’s stock worth $26,000 after acquiring an additional 39 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of CyberArk Software by 421.1% during the first quarter. Bessemer Group Inc. now owns 99 shares of the technology company’s stock worth $33,000 after acquiring an additional 80 shares during the last quarter. Morse Asset Management Inc purchased a new stake in shares of CyberArk Software during the first quarter worth about $34,000. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of CyberArk Software by 340.0% during the first 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 in the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

Analyst Upgrades and Downgrades

CYBR has been the topic of several research analyst reports. KeyCorp downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 31st. Needham & Company LLC boosted their price objective on shares of CyberArk Software from $460.00 to $551.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Cantor Fitzgerald restated an “overweight” rating and issued a $420.00 target price on shares of CyberArk Software in a research note on Tuesday, July 22nd. BTIG Research cut CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Finally, Rosenblatt Securities lowered CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $445.00 price objective on the stock. in a report on Friday, August 1st. Ten investment analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, CyberArk Software has a consensus rating of “Hold” and a consensus target price of $448.85.

CyberArk Software Stock Performance

NASDAQ CYBR opened at $511.93 on Friday. The firm has a market capitalization of $25.84 billion, a P/E ratio of -151.91 and a beta of 1.01. The stock has a 50-day simple moving average of $475.82 and a two-hundred day simple moving average of $412.48. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.31 and a current ratio of 2.31. CyberArk Software Ltd. has a fifty-two week low of $271.68 and a fifty-two week high of $514.28.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Wednesday, July 30th. The technology company reported $0.88 EPS 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 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 company’s revenue was up 46.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 earnings per share. On average, equities analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share 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.