First Trust Advisors LP Has $514.17 Million Stake in CyberArk Software Ltd. $CYBR

First Trust Advisors LP lowered its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 5.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,064,211 shares of the technology company’s stock after selling 65,634 shares during the quarter. First Trust Advisors LP owned about 2.11% of CyberArk Software worth $514,174,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CYBR. Longbow Finance SA raised its position in CyberArk Software by 35.8% during the third quarter. Longbow Finance SA now owns 16,098 shares of the technology company’s stock valued at $7,778,000 after purchasing an additional 4,245 shares in the last quarter. AXA S.A. lifted its stake in CyberArk Software by 1.4% during the second quarter. AXA S.A. now owns 117,542 shares of the technology company’s stock worth $47,825,000 after purchasing an additional 1,571 shares during the last quarter. Alpine Associates Management Inc. acquired a new stake in shares of CyberArk Software in the 3rd quarter valued at $98,635,000. Atlantic Union Bankshares Corp acquired a new stake in shares of CyberArk Software in the 2nd quarter valued at $1,504,000. Finally, Park Avenue Securities LLC bought a new position in shares of CyberArk Software in the 3rd quarter valued at $1,643,000. 91.84% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Trading Down 0.1%

Shares of CYBR stock opened at $408.85 on Friday. CyberArk Software Ltd. has a 1-year low of $288.63 and a 1-year high of $526.19. The company has a current ratio of 2.00, a quick ratio of 2.14 and a debt-to-equity ratio of 0.51. The stock has a market cap of $20.64 billion, a price-to-earnings ratio of -139.54, a PEG ratio of 18.11 and a beta of 0.91. The stock has a 50-day moving average of $428.09 and a 200-day moving average of $459.36.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of CyberArk Software in a report on Thursday, January 29th. DA Davidson lifted their target price on CyberArk Software from $518.00 to $573.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Barclays lowered their target price on CyberArk Software from $520.00 to $460.00 and set an “equal weight” rating for the company in a research note on Thursday, February 5th. Zacks Research raised shares of CyberArk Software from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 7th. Finally, Piper Sandler set a $474.00 price target on shares of CyberArk Software in a research note on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $459.95.

CyberArk Software Company Profile

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.