Aperture Investors LLC Trims Stake in CyberArk Software Ltd. $CYBR

Aperture Investors LLC decreased its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 1.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 79,970 shares of the technology company’s stock after selling 1,321 shares during the period. CyberArk Software comprises about 4.2% of Aperture Investors LLC’s portfolio, making the stock its largest holding. Aperture Investors LLC owned approximately 0.16% of CyberArk Software worth $32,538,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Norges Bank bought a new stake in shares of CyberArk Software during the second quarter valued at approximately $444,613,000. Price T Rowe Associates Inc. MD increased its position 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 valued at $330,964,000 after acquiring an additional 921,523 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in CyberArk Software by 82.9% during the 1st 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 acquiring an additional 335,634 shares in the last quarter. Amundi raised its stake in CyberArk Software by 153.5% during the 1st quarter. Amundi now owns 547,466 shares of the technology company’s stock valued at $179,547,000 after acquiring an additional 331,498 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in CyberArk Software by 545.1% during the 1st quarter. BNP Paribas Financial Markets now owns 230,362 shares of the technology company’s stock worth $77,862,000 after acquiring an additional 194,651 shares during the period. 91.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CYBR has been the topic of a number of research analyst reports. Citizens Jmp lowered CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. JMP Securities reiterated a “market perform” rating on shares of CyberArk Software in a research report on Tuesday, September 23rd. Zacks Research upgraded shares of CyberArk Software from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. Canaccord Genuity Group lowered shares of CyberArk Software from a “buy” rating to a “hold” rating and upped their price target for the stock from $440.00 to $502.00 in a research note on Wednesday, October 15th. Finally, Citigroup lowered shares of CyberArk Software from a “buy” rating to a “hold” rating and raised their price objective for the company from $465.00 to $524.00 in a research note on Tuesday, November 4th. Eight analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $455.96.

CyberArk Software Stock Performance

CYBR stock opened at $469.53 on Wednesday. The firm has a 50 day simple moving average of $489.07 and a 200 day simple moving average of $443.48. CyberArk Software Ltd. has a 52 week low of $288.63 and a 52 week high of $526.19. The stock has a market cap of $23.70 billion, a P/E ratio of -101.85, a P/E/G ratio of 25.32 and a beta of 0.99. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.14 and a current ratio of 2.14.

CyberArk Software (NASDAQ:CYBR) last released its earnings results on Thursday, November 6th. The technology company reported $1.20 earnings per share (EPS) 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 company’s revenue was up 42.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.94 EPS. Research analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal 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.