Rhumbline Advisers Trims Stake in CyberArk Software Ltd. $CYBR

Rhumbline Advisers lowered its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 8.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,501 shares of the technology company’s stock after selling 1,422 shares during the period. Rhumbline Advisers’ holdings in CyberArk Software were worth $7,006,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CYBR. Cornerstone Planning Group LLC grew its stake in CyberArk Software by 5,300.0% in the third quarter. Cornerstone Planning Group LLC now owns 54 shares of the technology company’s stock worth $28,000 after purchasing an additional 53 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of CyberArk Software by 120.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 64 shares of the technology company’s stock valued at $31,000 after buying an additional 35 shares in 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 worth $30,000 after buying an additional 32 shares during the period. AlphaCore Capital LLC bought a new position in shares of CyberArk Software in the 2nd quarter worth about $33,000. Finally, UMB Bank n.a. lifted its position in CyberArk Software by 50.0% during the 3rd quarter. UMB Bank n.a. now owns 87 shares of the technology company’s stock valued at $42,000 after acquiring an additional 29 shares during the period. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Price Performance

Shares of NASDAQ CYBR opened at $408.85 on Monday. The company has a 50 day moving average of $436.60 and a 200 day moving average of $460.31. The company has a quick ratio of 2.14, a current ratio of 2.00 and a debt-to-equity ratio of 0.51. CyberArk Software Ltd. has a twelve month low of $288.63 and a twelve month high of $526.19. The firm has a market cap of $20.64 billion, a P/E ratio of -139.54, a PEG ratio of 18.11 and a beta of 0.91.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results 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 business had revenue of $372.65 million during the quarter, compared to analyst estimates of $377.22 million. During the same quarter last year, the company earned $0.80 EPS. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. As a group, research analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CYBR has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their price objective on shares of CyberArk Software from $474.00 to $425.00 and set a “neutral” rating on the stock in a report on Monday, February 9th. Zacks Research raised CyberArk Software from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 7th. Mizuho reduced their price objective on CyberArk Software from $520.00 to $470.00 and set an “outperform” rating for the company in a research report on Thursday, February 5th. DA Davidson lifted their price objective on CyberArk Software from $518.00 to $573.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Finally, Barclays cut their target price on CyberArk Software from $520.00 to $460.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twenty-two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target 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.