Wilmington Savings Fund Society FSB Purchases 942 Shares of CyberArk Software Ltd. $CYBR

Wilmington Savings Fund Society FSB boosted its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 54.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,669 shares of the technology company’s stock after purchasing an additional 942 shares during the period. Wilmington Savings Fund Society FSB’s holdings in CyberArk Software were worth $1,086,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Invesco Ltd. increased its position in CyberArk Software by 12.2% in the 1st quarter. Invesco Ltd. now owns 1,129,894 shares of the technology company’s stock valued at $381,904,000 after acquiring an additional 122,423 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings 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 in the last quarter. Voya Investment Management LLC increased its holdings in shares of CyberArk Software by 0.7% in the first quarter. Voya Investment Management LLC now owns 888,898 shares of the technology company’s stock valued at $300,448,000 after purchasing an additional 6,314 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings 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 in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of CyberArk Software by 18.7% in the first quarter. JPMorgan Chase & Co. now owns 675,032 shares of the technology company’s stock valued at $228,161,000 after purchasing an additional 106,435 shares in the last quarter. 91.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CYBR shares. Canaccord Genuity Group lowered shares of CyberArk Software from a “buy” rating to a “hold” rating and raised their price target for the company from $440.00 to $502.00 in a report on Wednesday. Rosenblatt Securities lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $445.00 price target for the company. in a report on Friday, August 1st. KeyCorp lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. Guggenheim cut shares of CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $455.00 price target for the company. in a research report on Thursday, July 31st. Finally, Scotiabank reiterated a “sector perform” rating and set a $448.00 price target (down previously from $460.00) on shares of CyberArk Software in a research report on Tuesday, August 5th. Ten research analysts have rated the stock with a Buy rating and twenty-one have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, CyberArk Software presently has a consensus rating of “Hold” and a consensus target price of $448.85.

CyberArk Software Stock Down 0.5%

Shares of NASDAQ CYBR opened at $486.39 on Friday. The stock has a market cap of $24.55 billion, a P/E ratio of -144.33 and a beta of 1.01. The firm has a 50 day moving average price of $465.09 and a 200 day moving average price of $404.45. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.31 and a current ratio of 2.31. CyberArk Software Ltd. has a 52-week low of $271.68 and a 52-week high of $514.28.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.09. The firm had revenue of $328.03 million during the quarter, compared to analysts’ expectations of $315.43 million. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. The business’s revenue for the quarter was up 46.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.54 earnings per share. Analysts expect 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.