Penserra Capital Management LLC Has $105.02 Million Stock Position in CyberArk Software Ltd. $CYBR

Penserra Capital Management LLC increased its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 9.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 258,107 shares of the technology company’s stock after acquiring an additional 21,804 shares during the quarter. CyberArk Software makes up 1.5% of Penserra Capital Management LLC’s holdings, making the stock its 10th largest holding. Penserra Capital Management LLC’s holdings in CyberArk Software were worth $105,017,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Opal Wealth Advisors LLC acquired a new position in shares of CyberArk Software in the 2nd quarter valued at $30,000. NewSquare Capital LLC raised its holdings in CyberArk Software by 78.0% during 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. Morse Asset Management Inc purchased a new stake in CyberArk Software during the first quarter valued at about $34,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of CyberArk Software by 340.0% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 110 shares of the technology company’s stock worth $37,000 after buying an additional 85 shares during the period. Finally, Harbour Investments Inc. increased its position in shares of CyberArk Software by 298.0% in the first quarter. Harbour Investments Inc. now owns 203 shares of the technology company’s stock worth $69,000 after acquiring an additional 152 shares in the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CYBR. KeyCorp lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. Guggenheim downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $455.00 target price on the stock. in a research note on Thursday, July 31st. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $420.00 target price on shares of CyberArk Software in a research report on Tuesday, July 22nd. Baird R W downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Finally, Stephens downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 31st. Nine analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $451.69.

CyberArk Software Trading Up 0.3%

NASDAQ CYBR opened at $503.87 on Friday. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.53. CyberArk Software Ltd. has a 1-year low of $288.00 and a 1-year high of $526.19. The firm’s fifty day simple moving average is $490.51 and its 200-day simple moving average is $424.75. The company has a market capitalization of $25.43 billion, a PE ratio of -149.52 and a beta of 1.01.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Thursday, November 6th. The technology company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.28. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.The firm had revenue of $342.84 million during the quarter, compared to analysts’ expectations of $328.52 million. During the same quarter last year, the firm earned $0.94 earnings per share. The business’s revenue for the quarter was up 42.8% on a year-over-year basis. As a group, sell-side analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

About CyberArk Software

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.