Axa S.A. Grows Stock Position in CyberArk Software Ltd. $CYBR

Axa S.A. increased its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 1.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 117,542 shares of the technology company’s stock after acquiring an additional 1,571 shares during the period. Axa S.A. owned approximately 0.24% of CyberArk Software worth $47,825,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Invesco Ltd. lifted its stake in shares of CyberArk Software by 12.2% in the 1st quarter. Invesco Ltd. now owns 1,129,894 shares of the technology company’s stock valued at $381,904,000 after purchasing an additional 122,423 shares during the last quarter. First Trust Advisors LP raised its holdings in CyberArk Software by 9.1% in the 2nd quarter. First Trust Advisors LP now owns 1,129,845 shares of the technology company’s stock valued at $459,711,000 after buying an additional 94,318 shares during the period. Norges Bank acquired a new position in CyberArk Software in the second quarter valued at about $444,613,000. Price T Rowe Associates Inc. MD lifted its position in CyberArk Software by 1,598.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 979,181 shares of the technology company’s stock valued at $330,964,000 after buying an additional 921,523 shares during the last quarter. Finally, Voya Investment Management LLC boosted its stake in 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 buying an additional 6,314 shares during the period. Institutional investors and hedge funds own 91.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 30th. Weiss Ratings initiated coverage on CyberArk Software in a research report on Saturday, November 1st. They issued a “sell (d-)” rating on the stock. Barclays restated an “equal weight” rating and set a $520.00 price target (up from $440.00) on shares of CyberArk Software in a research report on Tuesday, October 14th. Canaccord Genuity Group downgraded CyberArk Software from a “buy” rating to a “hold” rating and boosted their price objective for the company from $440.00 to $502.00 in a report on Wednesday, October 15th. Finally, DA Davidson reissued a “buy” rating and set a $518.00 target price on shares of CyberArk Software in a research note on Friday, November 7th. Eight analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $455.96.

CyberArk Software Trading Down 0.2%

CYBR opened at $469.53 on Wednesday. The business’s 50-day simple moving average is $489.07 and its 200-day simple moving average is $443.48. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.14 and a current ratio of 2.14. The company has a market cap of $23.70 billion, a P/E ratio of -101.85, a PEG ratio of 25.32 and a beta of 0.99. CyberArk Software Ltd. has a one year low of $288.63 and a one year high of $526.19.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Thursday, November 6th. The technology company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.92 by $0.28. The company had revenue of $342.84 million for the quarter, compared to analyst estimates 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 revenue was up 42.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.94 earnings per share. As a group, equities research analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

About CyberArk Software

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.