Intech Investment Management LLC Purchases New Shares in CyberArk Software Ltd. $CYBR

Intech Investment Management LLC acquired a new stake in CyberArk Software Ltd. (NASDAQ:CYBR) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 7,062 shares of the technology company’s stock, valued at approximately $3,412,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of CYBR. TD Asset Management Inc boosted its position in shares of CyberArk Software by 24.0% in the third quarter. TD Asset Management Inc now owns 53,986 shares of the technology company’s stock valued at $26,083,000 after acquiring an additional 10,449 shares during the period. Alliance Wealth Advisors LLC UT raised its stake in CyberArk Software by 2.4% in the 3rd quarter. Alliance Wealth Advisors LLC UT now owns 4,611 shares of the technology company’s stock worth $2,228,000 after purchasing an additional 107 shares in the last quarter. Highbridge Capital Management LLC boosted its holdings in CyberArk Software by 136.3% in the 3rd quarter. Highbridge Capital Management LLC now owns 34,740 shares of the technology company’s stock valued at $16,785,000 after purchasing an additional 20,040 shares during the period. Lansforsakringar Fondforvaltning AB publ grew its position in shares of CyberArk Software by 1.3% during the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 9,733 shares of the technology company’s stock worth $4,702,000 after purchasing an additional 123 shares in the last quarter. Finally, Intrust Bank NA grew its position in shares of CyberArk Software by 5.3% during the 3rd quarter. Intrust Bank NA now owns 1,368 shares of the technology company’s stock worth $661,000 after purchasing an additional 69 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CYBR shares. Barclays cut their price target on CyberArk Software from $520.00 to $460.00 and set an “equal weight” rating for the company in a research note on Thursday, February 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CyberArk Software in a report on Thursday, January 29th. Piper Sandler set a $474.00 target price on CyberArk Software in a research report on Wednesday, December 17th. Zacks Research upgraded CyberArk Software from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 7th. Finally, DA Davidson boosted their price target on CyberArk Software from $518.00 to $573.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $459.95.

CyberArk Software Price Performance

CyberArk Software stock opened at $408.85 on Monday. 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 Ltd. has a 52 week low of $288.63 and a 52 week high of $526.19. The stock has a market capitalization of $20.64 billion, a P/E ratio of -139.54, a price-to-earnings-growth ratio of 18.11 and a beta of 0.91. The stock has a fifty day moving average of $432.60 and a 200-day moving average of $460.31.

CyberArk Software (NASDAQ:CYBR) last released its earnings results on Wednesday, February 4th. The technology company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.18. The firm had revenue of $372.65 million for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.80 earnings per share. On average, sell-side analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

About CyberArk Software

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.