Wedbush Securities Inc. Grows Stake in CyberArk Software Ltd. $CYBR

Wedbush Securities Inc. raised its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 26.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,353 shares of the technology company’s stock after buying an additional 286 shares during the quarter. Wedbush Securities Inc.’s holdings in CyberArk Software were worth $551,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CYBR. Invesco Ltd. boosted its holdings in 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 acquiring an additional 122,423 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of CyberArk Software by 1,598.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 979,181 shares of the technology company’s stock worth $330,964,000 after purchasing an additional 921,523 shares during the period. Voya Investment Management LLC lifted its position in shares of CyberArk Software by 0.7% in the 1st quarter. Voya Investment Management LLC now owns 888,898 shares of the technology company’s stock worth $300,448,000 after purchasing an additional 6,314 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of CyberArk Software by 82.9% during the 1st 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 position in shares of CyberArk Software by 18.7% during the first quarter. JPMorgan Chase & Co. now owns 675,032 shares of the technology company’s stock valued at $228,161,000 after buying an additional 106,435 shares during the period. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Price Performance

CYBR stock opened at $517.05 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.31 and a current ratio of 2.31. The firm has a 50 day moving average price of $492.97 and a 200-day moving average price of $428.47. CyberArk Software Ltd. has a 52-week low of $288.00 and a 52-week high of $526.19. The firm has a market capitalization of $26.10 billion, a price-to-earnings ratio of -153.43 and a beta of 1.01.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings results on Thursday, November 6th. The technology company reported $1.20 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $342.84 million for the quarter, compared to the consensus estimate of $328.52 million. During the same quarter in the prior year, the business posted $0.94 EPS. The firm’s quarterly revenue was up 42.8% compared to the same quarter last year. Equities research analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Wolfe Research downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Stifel Nicolaus reiterated a “hold” rating and set a $444.00 target price on shares of CyberArk Software in a report on Thursday, July 31st. Stephens lowered CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 31st. BTIG Research cut CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $448.00 price target (up from $420.00) on shares of CyberArk Software in a research note on Thursday, July 31st. Nine research analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $451.69.

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.