1832 Asset Management L.P. Has $151.56 Million Stock Position in CyberArk Software Ltd. $CYBR

1832 Asset Management L.P. cut its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 2.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 372,503 shares of the technology company’s stock after selling 11,043 shares during the period. 1832 Asset Management L.P. owned 0.75% of CyberArk Software worth $151,564,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Prudential PLC boosted its holdings in shares of CyberArk Software by 2.4% in the 1st quarter. Prudential PLC now owns 1,277 shares of the technology company’s stock valued at $432,000 after buying an additional 30 shares during the last quarter. MAI Capital Management lifted its stake in CyberArk Software by 1.1% in the first quarter. MAI Capital Management now owns 2,756 shares of the technology company’s stock valued at $932,000 after acquiring an additional 31 shares during the last quarter. NewSquare Capital LLC grew its position in shares of CyberArk Software by 78.0% in the 2nd 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 period. Y.D. More Investments Ltd raised its holdings in shares of CyberArk Software by 0.5% in the 1st quarter. Y.D. More Investments Ltd now owns 6,974 shares of the technology company’s stock valued at $2,415,000 after purchasing an additional 38 shares during the period. Finally, Allworth Financial LP lifted its stake in CyberArk Software by 7.4% in the 2nd quarter. Allworth Financial LP now owns 579 shares of the technology company’s stock valued at $236,000 after purchasing an additional 40 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Price Performance

CYBR stock opened at $457.70 on Wednesday. The company’s 50-day moving average price is $490.00 and its two-hundred day moving average price is $439.65. The firm has a market cap of $23.10 billion, a P/E ratio of -99.28, a P/E/G ratio of 25.53 and a beta of 0.99. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.52. CyberArk Software Ltd. has a 12 month low of $288.63 and a 12 month high of $526.19.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Thursday, November 6th. The technology company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.28. The company had revenue of $342.84 million during the quarter, compared to the consensus estimate of $328.52 million. CyberArk Software had a negative net margin of 17.42% and a negative return on equity of 0.07%. The firm’s quarterly revenue was up 42.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.94 EPS. On average, analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on CYBR shares. Barclays restated an “equal weight” rating and issued a $520.00 price objective (up previously from $440.00) on shares of CyberArk Software in a research note on Tuesday, October 14th. JMP Securities reiterated a “market perform” rating on shares of CyberArk Software in a report on Tuesday, September 23rd. Citizens Jmp lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Weiss Ratings initiated coverage on shares of CyberArk Software in a report on Saturday, November 1st. They set a “sell (d-)” rating for the company. Finally, Canaccord Genuity Group cut shares of CyberArk Software from a “buy” rating to a “hold” rating and increased their price target for the company from $440.00 to $502.00 in a report on Wednesday, October 15th. Eight investment analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, CyberArk Software currently has an average rating of “Hold” and a consensus price target of $455.96.

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.