Advyzon Investment Management LLC Purchases New Position in CyberArk Software Ltd. $CYBR

Advyzon Investment Management LLC acquired a new stake in CyberArk Software Ltd. (NASDAQ:CYBR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 893 shares of the technology company’s stock, valued at approximately $363,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of CYBR. Invesco Ltd. raised its holdings in shares of CyberArk Software by 12.2% during the 1st quarter. Invesco Ltd. now owns 1,129,894 shares of the technology company’s stock valued at $381,904,000 after buying an additional 122,423 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in CyberArk Software by 1,598.3% in 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 period. Voya Investment Management LLC grew its position in CyberArk Software by 0.7% in the first quarter. Voya Investment Management LLC now owns 888,898 shares of the technology company’s stock valued at $300,448,000 after acquiring an additional 6,314 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake 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 valued at $250,290,000 after purchasing an additional 335,634 shares during the period. Finally, JPMorgan Chase & Co. lifted 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. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Stock Performance

Shares of CYBR stock opened at $517.05 on Wednesday. The stock has a market capitalization of $26.10 billion, a price-to-earnings ratio of -153.43 and a beta of 1.01. CyberArk Software Ltd. has a one year low of $288.00 and a one year high of $526.19. The company’s 50-day simple moving average is $492.97 and its 200-day simple moving average is $428.47. 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 (NASDAQ:CYBR) last announced its quarterly earnings data on Thursday, November 6th. The technology company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.28. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.The firm had revenue of $342.84 million during the quarter, compared to analyst estimates of $328.52 million. During the same period in the previous year, the company earned $0.94 earnings per share. CyberArk Software’s quarterly revenue was up 42.8% on a year-over-year basis. Equities analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CYBR. Baird R W lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Guggenheim cut shares of CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $455.00 price objective for the company. in a research report on Thursday, July 31st. Cantor Fitzgerald restated an “overweight” rating and set a $420.00 target price on shares of CyberArk Software in a research note on Tuesday, July 22nd. JMP Securities reiterated a “market perform” rating on shares of CyberArk Software in a research note on Tuesday, September 23rd. Finally, Scotiabank reissued a “sector perform” rating and issued a $448.00 price target (down previously from $460.00) on shares of CyberArk Software in a report on Tuesday, August 5th. Nine equities research analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, CyberArk Software presently has a consensus rating of “Hold” and a consensus price target of $451.69.

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.