Bank of Montreal Can Purchases 2,669 Shares of CyberArk Software Ltd. $CYBR

Bank of Montreal Can grew its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 8.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 33,056 shares of the technology company’s stock after purchasing an additional 2,669 shares during the period. Bank of Montreal Can’s holdings in CyberArk Software were worth $13,450,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its stake in 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 valued at $330,964,000 after purchasing an additional 921,523 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of 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 buying an additional 335,634 shares in the last quarter. Amundi boosted its position in shares of CyberArk Software by 153.5% in the first quarter. Amundi now owns 547,466 shares of the technology company’s stock valued at $179,547,000 after acquiring an additional 331,498 shares during the period. BNP Paribas Financial Markets boosted its position in shares of CyberArk Software by 545.1% in the first quarter. BNP Paribas Financial Markets now owns 230,362 shares of the technology company’s stock valued at $77,862,000 after acquiring an additional 194,651 shares during the period. Finally, Invesco Ltd. grew its stake in shares of 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. 91.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on CYBR shares. Piper Sandler reissued a “neutral” rating and issued a $448.00 price objective (up previously from $440.00) on shares of CyberArk Software in a report on Thursday, July 31st. Oppenheimer reiterated a “market perform” rating on shares of CyberArk Software in a research report on Friday, August 1st. Robert W. Baird reiterated a “neutral” rating and issued a $460.00 price target on shares of CyberArk Software in a research note on Friday, August 1st. JMP Securities reissued a “market perform” rating on shares of CyberArk Software in a research report on Tuesday, September 23rd. Finally, Zacks Research cut CyberArk Software from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 21st. Nine investment analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $451.69.

CyberArk Software Stock Up 0.3%

CYBR stock opened at $503.87 on Friday. The firm has a 50-day moving average price of $490.51 and a 200-day moving average price of $425.47. CyberArk Software Ltd. has a 12 month low of $288.00 and a 12 month high of $526.19. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $25.43 billion, a P/E 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, topping analysts’ consensus estimates of $0.92 by $0.28. The business had revenue of $342.84 million during the quarter, compared to analysts’ expectations of $328.52 million. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. The firm’s quarterly 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. As a group, equities research analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal 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.