QRG Capital Management Inc. Has $368,000 Position in CyberArk Software Ltd. $CYBR

QRG Capital Management Inc. grew its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 35.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 905 shares of the technology company’s stock after buying an additional 235 shares during the quarter. QRG Capital Management Inc.’s holdings in CyberArk Software were worth $368,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. DHJJ Financial Advisors Ltd. acquired a new position in shares of CyberArk Software in the 2nd quarter valued at approximately $81,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of CyberArk Software by 155.4% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,770 shares of the technology company’s stock valued at $1,941,000 after buying an additional 2,902 shares in the last quarter. AMI Asset Management Corp raised its position in shares of CyberArk Software by 56.7% in the 2nd quarter. AMI Asset Management Corp now owns 115,327 shares of the technology company’s stock valued at $46,924,000 after buying an additional 41,724 shares in the last quarter. EWA LLC acquired a new position in shares of CyberArk Software in the 2nd quarter valued at approximately $237,000. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of CyberArk Software by 36.4% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 78,857 shares of the technology company’s stock valued at $32,085,000 after buying an additional 21,027 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CYBR has been the subject of several analyst reports. DA Davidson boosted their target price on shares of CyberArk Software from $465.00 to $518.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. JMP Securities reaffirmed a “market perform” rating on shares of CyberArk Software in a report on Tuesday, September 23rd. BTIG Research cut shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Royal Bank Of Canada reissued 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. Finally, Rosenblatt Securities downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $445.00 price objective for the company. in a research note on Friday, August 1st. Twelve analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the stock. Based on data from MarketBeat, CyberArk Software currently has a consensus rating of “Hold” and an average price target of $443.38.

CyberArk Software Stock Down 2.9%

Shares of NASDAQ CYBR opened at $493.52 on Friday. The company has a market capitalization of $24.91 billion, a P/E ratio of -146.45 and a beta of 1.01. CyberArk Software Ltd. has a 52-week low of $271.68 and a 52-week high of $514.28. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.31 and a current ratio of 2.31. The company’s 50 day moving average price is $458.28 and its 200-day moving average price is $400.62.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share (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 negative net margin of 13.78% and a positive return on equity of 0.44%. The company’s revenue for the quarter was up 46.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.54 EPS. Equities analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

CyberArk Software Company 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.