Zions Bancorporation National Association UT Decreases Position in CyberArk Software Ltd. $CYBR

Zions Bancorporation National Association UT trimmed its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 9.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,918 shares of the technology company’s stock after selling 1,245 shares during the period. Zions Bancorporation National Association UT’s holdings in CyberArk Software were worth $4,849,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CYBR. Opal Wealth Advisors LLC purchased a new stake in CyberArk Software during the 2nd quarter valued at $30,000. NewSquare Capital LLC increased its position in CyberArk Software by 78.0% during the second quarter. NewSquare Capital LLC now owns 73 shares of the technology company’s stock valued at $30,000 after acquiring an additional 32 shares during the last quarter. Morse Asset Management Inc bought a new position in CyberArk Software during the first quarter valued at $34,000. Whittier Trust Co. of Nevada Inc. raised its stake in shares of CyberArk Software by 340.0% in 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 during the period. Finally, Harbour Investments Inc. lifted its holdings in shares of CyberArk Software by 298.0% in the 1st quarter. Harbour Investments Inc. now owns 203 shares of the technology company’s stock worth $69,000 after acquiring an additional 152 shares during the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Analyst Upgrades and Downgrades

CYBR has been the subject of a number of recent analyst reports. Rosenblatt Securities cut shares of CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $445.00 price target for the company. in a research note on Friday, August 1st. William Blair downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Wolfe Research cut CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Citigroup downgraded CyberArk Software from a “buy” rating to a “hold” rating and increased their price target for the stock from $465.00 to $524.00 in a report on Tuesday, November 4th. Finally, Guggenheim lowered CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $455.00 price target for the company. in a research note on Thursday, July 31st. Nine research analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $451.69.

CyberArk Software Stock Performance

Shares of CyberArk Software stock opened at $503.87 on Friday. 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 stock’s fifty day moving average price is $490.51 and its 200-day moving average price is $425.47. The firm has a market cap of $25.43 billion, a P/E ratio of -149.52 and a beta of 1.01. CyberArk Software Ltd. has a 12 month low of $288.00 and a 12 month high of $526.19.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Thursday, November 6th. The technology company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.28. The company had revenue of $342.84 million for the quarter, compared to analysts’ expectations of $328.52 million. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. The firm’s quarterly revenue was up 42.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.94 EPS. On average, equities research analysts expect 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.