CyberArk Software Ltd. $CYBR Shares Bought by Clal Insurance Enterprises Holdings Ltd

Clal Insurance Enterprises Holdings Ltd raised its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 85.3% during the second quarter, HoldingsChannel.com reports. The firm owned 362,752 shares of the technology company’s stock after buying an additional 167,000 shares during the quarter. CyberArk Software comprises 1.5% of Clal Insurance Enterprises Holdings Ltd’s investment portfolio, making the stock its 18th biggest position. Clal Insurance Enterprises Holdings Ltd’s holdings in CyberArk Software were worth $147,597,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD increased its position in CyberArk Software by 1,598.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 979,181 shares of the technology company’s stock worth $330,964,000 after purchasing an additional 921,523 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of CyberArk Software by 82.9% in 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 acquiring an additional 335,634 shares in the last quarter. Amundi increased 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 worth $179,547,000 after acquiring an additional 331,498 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of CyberArk Software by 545.1% in the 1st 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, Fiera Capital Corp acquired a new position in shares of CyberArk Software during the 2nd quarter valued at $52,143,000. 91.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. UBS Group lowered CyberArk Software from a “strong-buy” rating to a “hold” rating and raised their price objective for the company from $480.00 to $485.00 in a research report on Thursday, July 31st. Citizens Jmp lowered CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. KeyCorp lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 31st. Robert W. Baird restated a “neutral” rating and issued a $460.00 target price on shares of CyberArk Software in a research note on Friday, August 1st. Finally, Barclays reaffirmed an “equal weight” rating and set a $520.00 price target (up previously from $440.00) on shares of CyberArk Software in a research note on Tuesday, October 14th. Eight equities research analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, CyberArk Software has a consensus rating of “Hold” and a consensus price target of $455.96.

CyberArk Software Stock Down 0.8%

CYBR stock opened at $478.76 on Wednesday. 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 firm has a 50 day simple moving average of $495.39 and a 200-day simple moving average of $433.22. The company has a market capitalization of $24.17 billion, a P/E ratio of -142.07 and a beta of 1.01. CyberArk Software Ltd. has a twelve month low of $288.63 and a twelve month high of $526.19.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings results on Thursday, November 6th. The technology company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.28. The firm had revenue of $342.84 million for 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% on a year-over-year basis. During the same period in the prior year, the company posted $0.94 earnings per share. On average, equities research analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

CyberArk Software Company 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.