Advisors Asset Management Inc. Reduces Stake in CyberArk Software Ltd. $CYBR

Advisors Asset Management Inc. reduced its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 14.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,046 shares of the technology company’s stock after selling 1,922 shares during the period. Advisors Asset Management Inc.’s holdings in CyberArk Software were worth $5,337,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Wesbanco Bank Inc. grew its holdings in CyberArk Software by 33.0% during the third quarter. Wesbanco Bank Inc. now owns 665 shares of the technology company’s stock valued at $321,000 after purchasing an additional 165 shares during the period. New York Life Investment Management LLC lifted its position in shares of CyberArk Software by 2,169.1% during the 3rd quarter. New York Life Investment Management LLC now owns 21,103 shares of the technology company’s stock valued at $10,196,000 after buying an additional 20,173 shares during the last quarter. Jackson Square Partners LLC purchased a new position in shares of CyberArk Software during the 3rd quarter valued at $12,096,000. Moloney Securities Asset Management LLC grew its stake in shares of CyberArk Software by 10.2% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 542 shares of the technology company’s stock worth $262,000 after acquiring an additional 50 shares during the period. Finally, Carlson Capital L.P. purchased a new stake in CyberArk Software in the 3rd quarter worth about $2,174,000. Institutional investors own 91.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CYBR shares. Barclays dropped their price objective on shares of CyberArk Software from $520.00 to $460.00 and set an “equal weight” rating on the stock in a report on Thursday, February 5th. Mizuho dropped their price target on shares of CyberArk Software from $520.00 to $470.00 and set an “outperform” rating on the stock in a research note on Thursday, February 5th. JPMorgan Chase & Co. cut their price objective on shares of CyberArk Software from $474.00 to $425.00 and set a “neutral” rating for the company in a report on Monday. Weiss Ratings reissued a “sell (d-)” rating on shares of CyberArk Software in a report on Thursday, January 29th. Finally, Piper Sandler set a $474.00 price target on CyberArk Software in a report on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twenty-three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $462.46.

CyberArk Software Trading Down 0.1%

CYBR stock opened at $408.85 on Friday. The company has a market capitalization of $20.64 billion, a PE ratio of -139.54, a price-to-earnings-growth ratio of 18.11 and a beta of 0.91. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.14 and a current ratio of 2.00. CyberArk Software Ltd. has a one year low of $288.63 and a one year high of $526.19. The company’s 50 day moving average price is $443.67 and its two-hundred day moving average price is $459.84.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Wednesday, February 4th. The technology company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.18. The company had revenue of $372.65 million during the quarter, compared to analysts’ expectations of $377.22 million. CyberArk Software had a negative net margin of 10.79% and a positive return on equity of 0.77%. The firm’s revenue was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 EPS. As a group, analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

About CyberArk Software

CyberArk Software Ltd. is a cybersecurity company that focuses on identity security and privileged access management. Its core mission is to protect organizations from cyber threats that target privileged accounts, credentials and secrets that can provide attackers with broad access to critical systems. CyberArk’s offerings are designed to help enterprises control, monitor and secure privileged credentials across on-premises, cloud and hybrid environments, reducing the risk of lateral movement and data breaches.

The company delivers a suite of software and cloud services that address privileged access, secrets management, endpoint privilege management and identity-based threat detection.