Sumitomo Mitsui DS Asset Management Company Ltd Buys 516 Shares of CyberArk Software Ltd. $CYBR

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 12.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,631 shares of the technology company’s stock after acquiring an additional 516 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in CyberArk Software were worth $1,884,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in CYBR. Quantinno Capital Management LP raised its stake in shares of CyberArk Software by 5.3% in the 4th quarter. Quantinno Capital Management LP now owns 1,636 shares of the technology company’s stock valued at $545,000 after acquiring an additional 83 shares in the last quarter. Mackenzie Financial Corp grew its holdings in CyberArk Software by 4.2% in the 4th quarter. Mackenzie Financial Corp now owns 2,942 shares of the technology company’s stock valued at $980,000 after buying an additional 119 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in CyberArk Software by 5.9% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 3,132 shares of the technology company’s stock valued at $1,043,000 after buying an additional 174 shares during the last quarter. Centaurus Financial Inc. grew its holdings in CyberArk Software by 100.0% in the 4th quarter. Centaurus Financial Inc. now owns 950 shares of the technology company’s stock valued at $316,000 after buying an additional 475 shares during the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ acquired a new stake in CyberArk Software in the 4th quarter valued at approximately $3,107,000. 91.84% of the stock is owned by institutional investors.

CyberArk Software Trading Up 1.0%

Shares of CYBR opened at $490.64 on Monday. The stock has a fifty day moving average price of $428.39 and a two-hundred day moving average price of $385.28. 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 52-week low of $269.00 and a 52-week high of $492.81. The company has a market cap of $24.25 billion, a price-to-earnings ratio of -145.59 and a beta of 1.03.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.09. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.The firm had revenue of $328.03 million during the quarter, compared to the consensus estimate of $315.43 million. During the same quarter in the previous year, the company posted $0.54 EPS. The business’s revenue for the quarter was up 46.0% compared to the same quarter last year. Analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CYBR shares. UBS Group lowered CyberArk Software from a “strong-buy” rating to a “hold” rating and raised their target price for the company from $480.00 to $485.00 in a report on Thursday, July 31st. Guggenheim lowered CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $455.00 target price on the stock. in a report on Thursday, July 31st. Oppenheimer reaffirmed a “market perform” rating on shares of CyberArk Software in a report on Friday, August 1st. Scotiabank reaffirmed a “sector perform” rating and issued a $448.00 target price (down previously from $460.00) on shares of CyberArk Software in a report on Tuesday, August 5th. Finally, Needham & Company LLC raised their target price on CyberArk Software from $460.00 to $551.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Fourteen equities research analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $435.11.

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.