Invesco Ltd. Sells 47,145 Shares of CyberArk Software Ltd. $CYBR

Invesco Ltd. lessened its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 4.2% in the second quarter, HoldingsChannel.com reports. The fund owned 1,082,749 shares of the technology company’s stock after selling 47,145 shares during the period. Invesco Ltd.’s holdings in CyberArk Software were worth $440,549,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Atlantic Union Bankshares Corp bought a new position in CyberArk Software during the second quarter worth about $1,504,000. Stratos Wealth Partners LTD. acquired a new position in shares of CyberArk Software during the 2nd quarter worth approximately $214,000. World Investment Advisors bought a new position in shares of CyberArk Software during the second quarter worth approximately $211,000. Advyzon Investment Management LLC bought a new stake in shares of CyberArk Software in the second quarter valued at approximately $363,000. Finally, Concurrent Investment Advisors LLC acquired a new stake in CyberArk Software during the second quarter worth approximately $207,000. 91.84% of the stock is owned by institutional investors.

CyberArk Software Stock Performance

Shares of CyberArk Software stock opened at $471.21 on Friday. The company’s 50 day moving average price is $489.64 and its two-hundred day moving average price is $440.06. The firm has a market capitalization of $23.79 billion, a P/E ratio of -102.21, a P/E/G ratio of 25.10 and a beta of 0.99. CyberArk Software Ltd. has a fifty-two week low of $288.63 and a fifty-two week high of $526.19. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.14 and a quick ratio of 2.14.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Thursday, November 6th. The technology company reported $1.20 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 negative return on equity of 0.07% and a negative net margin of 17.42%.CyberArk Software’s revenue was up 42.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.94 EPS. On average, equities analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CYBR has been the subject of a number of recent analyst reports. Jefferies Financial Group downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 30th. Citigroup lowered shares of CyberArk Software from a “buy” rating to a “hold” rating and raised their target price for the company from $465.00 to $524.00 in a report on Tuesday, November 4th. Citizens Jmp downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Zacks Research upgraded shares of CyberArk Software from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. Finally, Barclays reaffirmed an “equal weight” rating and issued a $520.00 target price (up previously from $440.00) on shares of CyberArk Software in a report on Tuesday, October 14th. Eight research analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $455.96.

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.