US Bancorp DE Reduces Stock Position in CyberArk Software Ltd. $CYBR

US Bancorp DE cut its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 4.9% in the second quarter, HoldingsChannel reports. The institutional investor owned 12,398 shares of the technology company’s stock after selling 636 shares during the quarter. US Bancorp DE’s holdings in CyberArk Software were worth $5,044,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its position in shares of 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 purchasing an additional 921,523 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of CyberArk Software by 82.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 740,504 shares of the technology company’s stock valued at $250,290,000 after purchasing an additional 335,634 shares during the last quarter. Amundi grew its position in shares of CyberArk Software by 153.5% in the first quarter. Amundi now owns 547,466 shares of the technology company’s stock valued at $179,547,000 after purchasing an additional 331,498 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of CyberArk Software by 545.1% in the first quarter. BNP Paribas Financial Markets now owns 230,362 shares of the technology company’s stock valued at $77,862,000 after purchasing an additional 194,651 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of CyberArk Software by 12.2% in the first 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. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Stock Performance

NASDAQ:CYBR opened at $504.02 on Tuesday. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53. The company has a market cap of $25.44 billion, a P/E ratio of -149.56 and a beta of 1.01. CyberArk Software Ltd. has a fifty-two week low of $271.68 and a fifty-two week high of $514.28. The firm’s 50 day moving average is $460.18 and its two-hundred day moving average is $402.21.

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

Analyst Ratings Changes

Several research firms have recently commented on CYBR. Barclays increased their price target on shares of CyberArk Software from $405.00 to $440.00 and gave the company an “overweight” rating in a research report on Monday, July 14th. BTIG Research lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Needham & Company LLC raised their target price on shares of CyberArk Software from $460.00 to $551.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Rosenblatt Securities lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $445.00 target price on the stock. in a research report on Friday, August 1st. Finally, Piper Sandler restated a “neutral” rating and set a $448.00 target price (up previously from $440.00) on shares of CyberArk Software in a research report on Thursday, July 31st. Twelve research analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, CyberArk Software has a consensus rating of “Hold” and an average target price of $443.38.

CyberArk Software Company 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.