Savant Capital LLC Takes Position in CyberArk Software Ltd. $CYBR

Savant Capital LLC acquired a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 648 shares of the technology company’s stock, valued at approximately $264,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CYBR. Invesco Ltd. lifted its stake 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 raised 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 during the last quarter. Voya Investment Management LLC lifted its position 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 worth $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 boosted its holdings in CyberArk Software by 82.9% during 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 worth $250,290,000 after purchasing an additional 335,634 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in CyberArk Software by 18.7% during the first quarter. JPMorgan Chase & Co. now owns 675,032 shares of the technology company’s stock worth $228,161,000 after purchasing an additional 106,435 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

Analyst Upgrades and Downgrades

CYBR has been the topic of several analyst reports. Robert W. Baird reissued a “neutral” rating and set a $460.00 price target on shares of CyberArk Software in a research report on Friday, August 1st. Scotiabank reaffirmed a “sector perform” rating and issued a $448.00 target price (down previously from $460.00) on shares of CyberArk Software in a research report on Tuesday, August 5th. Rosenblatt Securities cut CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $445.00 price target for the company. in a research report on Friday, August 1st. Citizens Jmp downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. Finally, Wolfe Research cut CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Eight equities research analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $455.96.

CyberArk Software Price Performance

Shares of NASDAQ CYBR opened at $478.76 on Wednesday. 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 business’s 50 day moving average price is $495.39 and its two-hundred day moving average price is $433.22. The company has a market cap of $24.17 billion, a PE ratio of -142.07 and a beta of 1.01. CyberArk Software Ltd. has a twelve month low of $288.63 and a twelve month high of $526.19.

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. The company had revenue of $342.84 million during the quarter, compared to analysts’ expectations of $328.52 million. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.The business’s revenue was up 42.8% on a year-over-year basis. During the same period last year, the firm posted $0.94 earnings per share. On average, analysts predict 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.