Thematics Asset Management Trims Position in CyberArk Software Ltd. $CYBR

Thematics Asset Management decreased its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 7.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 84,398 shares of the technology company’s stock after selling 6,602 shares during the quarter. CyberArk Software comprises 1.4% of Thematics Asset Management’s holdings, making the stock its 18th biggest position. Thematics Asset Management’s holdings in CyberArk Software were worth $28,527,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Guggenheim Capital LLC purchased a new position in CyberArk Software during the fourth quarter worth approximately $296,000. GeoWealth Management LLC raised its stake in CyberArk Software by 264.3% during the fourth quarter. GeoWealth Management LLC now owns 153 shares of the technology company’s stock worth $51,000 after purchasing an additional 111 shares during the period. Dimensional Fund Advisors LP raised its stake in CyberArk Software by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,684 shares of the technology company’s stock worth $2,227,000 after purchasing an additional 53 shares during the period. MetLife Investment Management LLC raised its stake in CyberArk Software by 28.2% during the fourth quarter. MetLife Investment Management LLC now owns 5,000 shares of the technology company’s stock worth $1,666,000 after purchasing an additional 1,100 shares during the period. Finally, MML Investors Services LLC raised its stake in CyberArk Software by 16.2% during the fourth quarter. MML Investors Services LLC now owns 9,688 shares of the technology company’s stock worth $3,228,000 after purchasing an additional 1,349 shares during the period. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Wall Street Analysts Forecast Growth

CYBR has been the topic of a number of recent analyst reports. Wedbush reaffirmed a “neutral” rating and set a $450.00 price target on shares of CyberArk Software in a research note on Thursday, July 31st. Oppenheimer reaffirmed a “market perform” rating on shares of CyberArk Software in a research note on Friday, August 1st. KeyCorp downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 31st. UBS Group downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating and increased their price target for the stock from $480.00 to $485.00 in a research note on Thursday, July 31st. Finally, Needham & Company LLC increased their price target on shares of CyberArk Software from $460.00 to $551.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Fourteen equities research analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the stock. According to MarketBeat, CyberArk Software currently has a consensus rating of “Hold” and an average target price of $435.11.

CyberArk Software Price Performance

CyberArk Software stock opened at $441.24 on Friday. CyberArk Software Ltd. has a 52-week low of $254.43 and a 52-week high of $452.00. The firm has a fifty day moving average of $400.51 and a 200-day moving average of $373.79. The firm has a market capitalization of $21.81 billion, a P/E ratio of -130.93 and a beta of 0.96. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.09. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. The company had revenue of $328.03 million during the quarter, compared to analyst estimates of $315.43 million. During the same quarter in the prior year, the business earned $0.54 earnings per share. The business’s quarterly revenue was up 46.0% compared to the same quarter last year. As a group, analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current year.

CyberArk Software 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.