Swiss National Bank Lowers Stock Position in CyberArk Software Ltd. $CYBR

Swiss National Bank cut its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 3.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 142,900 shares of the technology company’s stock after selling 5,200 shares during the quarter. Swiss National Bank owned approximately 0.28% of CyberArk Software worth $69,042,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. First Trust Advisors LP increased its holdings in shares of CyberArk Software by 9.1% during the second quarter. First Trust Advisors LP now owns 1,129,845 shares of the technology company’s stock valued at $459,711,000 after acquiring an additional 94,318 shares in the last quarter. Norges Bank purchased a new stake in CyberArk Software during the 2nd quarter valued at about $444,613,000. State Street Corp grew its position in CyberArk Software by 1.3% during the 2nd quarter. State Street Corp now owns 817,272 shares of the technology company’s stock valued at $332,532,000 after purchasing an additional 10,676 shares during the last quarter. Citigroup Inc. increased its stake in CyberArk Software by 144.8% during the 3rd quarter. Citigroup Inc. now owns 565,048 shares of the technology company’s stock valued at $273,003,000 after purchasing an additional 334,181 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in CyberArk Software by 7.4% during the 2nd quarter. Bank of America Corp DE now owns 508,746 shares of the technology company’s stock valued at $206,998,000 after purchasing an additional 34,850 shares in the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of CyberArk Software in a research note on Thursday, January 29th. DA Davidson raised their price target on shares of CyberArk Software from $518.00 to $573.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Piper Sandler set a $474.00 price objective on shares of CyberArk Software in a report on Wednesday, December 17th. Zacks Research upgraded CyberArk Software from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 7th. Finally, Mizuho reduced their target price on CyberArk Software from $520.00 to $470.00 and set an “outperform” rating for the company in a report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twenty-two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $459.95.

CyberArk Software Stock Down 0.1%

Shares of CyberArk Software stock opened at $408.85 on Thursday. CyberArk Software Ltd. has a twelve month low of $288.63 and a twelve month high of $526.19. The company has a quick ratio of 2.14, a current ratio of 2.00 and a debt-to-equity ratio of 0.51. The company’s 50 day moving average is $425.65 and its 200 day moving average is $458.94. The company has a market cap of $20.64 billion, a price-to-earnings ratio of -139.54, a price-to-earnings-growth ratio of 18.11 and a beta of 0.91.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Wednesday, February 4th. The technology company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.18. The business had revenue of $372.65 million during the quarter, compared to the consensus estimate of $377.22 million. CyberArk Software had a negative net margin of 10.79% and a positive return on equity of 0.77%. The firm’s revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.80 EPS. Research analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current year.

CyberArk Software Company 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.