New York Life Investment Management LLC Buys 20,173 Shares of CyberArk Software Ltd. $CYBR

New York Life Investment Management LLC raised its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 2,169.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,103 shares of the technology company’s stock after purchasing an additional 20,173 shares during the quarter. New York Life Investment Management LLC’s holdings in CyberArk Software were worth $10,196,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Cornerstone Planning Group LLC grew its position in shares of CyberArk Software by 5,300.0% during the third quarter. Cornerstone Planning Group LLC now owns 54 shares of the technology company’s stock valued at $28,000 after purchasing an additional 53 shares in the last quarter. NewSquare Capital LLC increased its stake in CyberArk Software by 78.0% in 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. Parkside Financial Bank & Trust boosted its holdings in shares of CyberArk Software by 120.7% in the third quarter. Parkside Financial Bank & Trust now owns 64 shares of the technology company’s stock valued at $31,000 after purchasing an additional 35 shares during the period. AlphaCore Capital LLC bought a new position in shares of CyberArk Software during the 2nd quarter worth $33,000. Finally, UMB Bank n.a. lifted its position in shares of CyberArk Software by 50.0% in the 3rd quarter. UMB Bank n.a. now owns 87 shares of the technology company’s stock worth $42,000 after purchasing an additional 29 shares during the period. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Stock Performance

Shares of CyberArk Software stock opened at $409.22 on Tuesday. CyberArk Software Ltd. has a one year low of $288.63 and a one year high of $526.19. The business has a 50-day simple moving average of $447.05 and a 200-day simple moving average of $460.35. The company has a market cap of $20.66 billion, a PE ratio of -139.67, a P/E/G ratio of 17.35 and a beta of 0.91. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.14 and a current ratio of 2.00.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Wednesday, February 4th. The technology company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.18. The business had revenue of $372.65 million for the quarter, compared to analyst estimates of $377.22 million. CyberArk Software had a positive return on equity of 0.77% and a negative net margin of 10.79%.The business’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter last year, the company earned $0.80 EPS. On average, equities research analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Citigroup cut shares of CyberArk Software from a “buy” rating to a “hold” rating and raised their price target for the company from $465.00 to $524.00 in a report on Tuesday, November 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of CyberArk Software in a research report on Thursday, January 29th. Zacks Research upgraded CyberArk Software from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 7th. Barclays reduced their price objective on shares of CyberArk Software from $520.00 to $460.00 and set an “equal weight” rating for the company in a research report on Thursday, February 5th. Finally, Canaccord Genuity Group downgraded CyberArk Software from a “buy” rating to a “hold” rating and increased their price objective for the company from $440.00 to $502.00 in a research note on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twenty-three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $462.46.

CyberArk Software Profile

CyberArk Software Ltd. is a cybersecurity company that focuses on identity security and privileged access management. Its core mission is to protect organizations from cyber threats that target privileged accounts, credentials and secrets that can provide attackers with broad access to critical systems. CyberArk’s offerings are designed to help enterprises control, monitor and secure privileged credentials across on-premises, cloud and hybrid environments, reducing the risk of lateral movement and data breaches.

The company delivers a suite of software and cloud services that address privileged access, secrets management, endpoint privilege management and identity-based threat detection.