Cwm LLC Buys 165 Shares of CyberArk Software Ltd. $CYBR

Cwm LLC lifted its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 74.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 387 shares of the technology company’s stock after purchasing an additional 165 shares during the period. Cwm LLC’s holdings in CyberArk Software were worth $157,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Invesco Ltd. boosted its holdings in CyberArk Software by 12.2% during the first quarter. Invesco Ltd. now owns 1,129,894 shares of the technology company’s stock worth $381,904,000 after buying an additional 122,423 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in CyberArk Software by 1,598.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 979,181 shares of the technology company’s stock worth $330,964,000 after acquiring an additional 921,523 shares during the last quarter. Voya Investment Management LLC boosted its position in shares of CyberArk Software by 0.7% during the first quarter. Voya Investment Management LLC now owns 888,898 shares of the technology company’s stock worth $300,448,000 after purchasing an additional 6,314 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of CyberArk Software by 82.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 740,504 shares of the technology company’s stock worth $250,290,000 after purchasing an additional 335,634 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of CyberArk Software by 18.7% during the first quarter. JPMorgan Chase & Co. now owns 675,032 shares of the technology company’s stock worth $228,161,000 after purchasing an additional 106,435 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CYBR has been the topic of several recent analyst reports. Needham & Company LLC lifted their target price on CyberArk Software from $460.00 to $551.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. DA Davidson lifted their price objective on CyberArk Software from $465.00 to $518.00 and gave the company a “buy” rating in a report on Thursday, July 31st. BTIG Research cut CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 30th. Oppenheimer reiterated a “market perform” rating on shares of CyberArk Software in a report on Friday, August 1st. Finally, Wedbush reaffirmed a “neutral” rating and issued a $450.00 price target on shares of CyberArk Software in a research note on Thursday, July 31st. Ten investment analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, CyberArk Software presently has a consensus rating of “Hold” and an average target price of $448.85.

CyberArk Software Trading Up 0.6%

Shares of NASDAQ:CYBR opened at $516.47 on Friday. The company’s 50-day moving average price is $482.73 and its two-hundred day moving average price is $417.20. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.31 and a quick ratio of 2.31. CyberArk Software Ltd. has a one year low of $271.68 and a one year high of $526.19. The stock has a market capitalization of $26.07 billion, a PE ratio of -153.26 and a beta of 1.01.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.79 by $0.09. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. The firm had revenue of $328.03 million for the quarter, compared to analysts’ expectations of $315.43 million. During the same period in the previous year, the firm posted $0.54 EPS. The company’s revenue for the quarter was up 46.0% on a year-over-year basis. On average, equities analysts forecast that CyberArk Software Ltd. will post -0.47 EPS 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.