CyberArk Software Ltd. $CYBR Shares Purchased by Strs Ohio

Strs Ohio boosted its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 64.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 155,166 shares of the technology company’s stock after buying an additional 60,618 shares during the period. Strs Ohio owned 0.31% of CyberArk Software worth $63,134,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of CYBR. Wealth Enhancement Advisory Services LLC lifted its stake in shares of CyberArk Software by 14.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,453 shares of the technology company’s stock valued at $1,167,000 after purchasing an additional 431 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of CyberArk Software by 421.1% in the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company’s stock valued at $33,000 after purchasing an additional 80 shares in the last quarter. Golden State Wealth Management LLC lifted its stake in shares of CyberArk Software by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company’s stock valued at $26,000 after purchasing an additional 39 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of CyberArk Software by 17.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,868 shares of the technology company’s stock valued at $627,000 after purchasing an additional 280 shares in the last quarter. Finally, FSM Wealth Advisors LLC acquired a new position in shares of CyberArk Software in the 1st quarter valued at about $201,000. 91.84% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Price Performance

CYBR stock opened at $513.47 on Thursday. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53. CyberArk Software Ltd. has a 52-week low of $271.68 and a 52-week high of $526.19. The stock’s 50 day moving average is $481.10 and its two-hundred day moving average is $416.51. The company has a market capitalization of $25.92 billion, a PE ratio of -152.36 and a beta of 1.01.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.09. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.The company had revenue of $328.03 million for the quarter, compared to the consensus estimate of $315.43 million. During the same period in the previous year, the business earned $0.54 EPS. CyberArk Software’s revenue for the quarter was up 46.0% compared to the same quarter last year. Analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CYBR has been the topic of several research analyst reports. KeyCorp lowered CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 31st. JMP Securities reiterated a “market perform” rating on shares of CyberArk Software in a report on Tuesday, September 23rd. Stifel Nicolaus reiterated a “hold” rating and set a $444.00 target price on shares of CyberArk Software in a report on Thursday, July 31st. DA Davidson raised their target price on CyberArk Software from $465.00 to $518.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Finally, Canaccord Genuity Group downgraded CyberArk Software from a “buy” rating to a “hold” rating and raised their target price for the company from $440.00 to $502.00 in a report on Wednesday, October 15th. Ten analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $448.85.

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.