Sumitomo Mitsui Trust Group Inc. Has $32.05 Million Stock Position in CyberArk Software Ltd. $CYBR

Sumitomo Mitsui Trust Group Inc. grew its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 2.4% during the second quarter, HoldingsChannel.com reports. The firm owned 78,770 shares of the technology company’s stock after buying an additional 1,870 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in CyberArk Software were worth $32,050,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CYBR. Wealth Enhancement Advisory Services LLC raised its stake in CyberArk Software by 14.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,453 shares of the technology company’s stock worth $1,167,000 after buying an additional 431 shares during the period. Bessemer Group Inc. raised its stake in CyberArk Software by 421.1% during the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company’s stock worth $33,000 after buying an additional 80 shares during the period. Golden State Wealth Management LLC raised its stake in CyberArk Software by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company’s stock worth $26,000 after buying an additional 39 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in CyberArk Software by 17.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,868 shares of the technology company’s stock worth $627,000 after buying an additional 280 shares during the period. Finally, KBC Group NV raised its stake in CyberArk Software by 40.4% during the 1st quarter. KBC Group NV now owns 65,506 shares of the technology company’s stock worth $22,141,000 after buying an additional 18,847 shares during the period. Institutional investors and hedge funds own 91.84% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Stifel Nicolaus reaffirmed a “hold” rating and set a $444.00 price objective on shares of CyberArk Software in a research note on Thursday, July 31st. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $448.00 price objective (up previously from $420.00) on shares of CyberArk Software in a research note on Thursday, July 31st. Needham & Company LLC raised their price objective on CyberArk Software from $460.00 to $551.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Wolfe Research downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Finally, KeyCorp downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 31st. Ten analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $448.85.

CyberArk Software Stock Performance

CYBR opened at $522.02 on Wednesday. The company has a market capitalization of $26.35 billion, a price-to-earnings ratio of -154.90 and a beta of 1.01. The business’s 50-day moving average price is $479.61 and its two-hundred day moving average price is $415.36. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.31 and a quick ratio of 2.31. CyberArk Software Ltd. has a 1 year low of $271.68 and a 1 year high of $526.19.

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

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.