Envestnet Portfolio Solutions Inc. Grows Stake in CyberArk Software Ltd. $CYBR

Envestnet Portfolio Solutions Inc. grew its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 13.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,497 shares of the technology company’s stock after purchasing an additional 419 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in CyberArk Software were worth $1,423,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CYBR. Price T Rowe Associates Inc. MD grew its position in shares of 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 valued at $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 grew its position in 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 grew its position in 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 grew its position in CyberArk Software by 545.1% in the first quarter. BNP Paribas Financial Markets now owns 230,362 shares of the technology company’s stock worth $77,862,000 after acquiring an additional 194,651 shares in the last quarter. Finally, Invesco Ltd. grew its position in CyberArk Software by 12.2% in the first quarter. Invesco Ltd. now owns 1,129,894 shares of the technology company’s stock worth $381,904,000 after acquiring an additional 122,423 shares in the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Stifel Nicolaus reiterated a “hold” rating and issued a $444.00 target price on shares of CyberArk Software in a research report on Thursday, July 31st. Stephens lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 31st. Barclays reiterated an “equal weight” rating and issued a $520.00 target price (up from $440.00) on shares of CyberArk Software in a research report on Tuesday. Oppenheimer reiterated a “market perform” rating on shares of CyberArk Software in a research report on Friday, August 1st. Finally, Citizens Jmp lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Ten analysts have rated the stock with a Buy rating and twenty-one have given a Hold rating to the stock. Based on data from MarketBeat, CyberArk Software has a consensus rating of “Hold” and an average target price of $448.85.

CyberArk Software Stock Performance

NASDAQ CYBR opened at $490.95 on Friday. The company has a 50-day simple moving average of $466.92 and a two-hundred day simple moving average of $405.43. 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 12-month low of $271.68 and a 12-month high of $514.28. The firm has a market cap of $24.78 billion, a price-to-earnings ratio of -145.68 and a beta of 1.01.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.09. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. The business had revenue of $328.03 million during the quarter, compared to analyst estimates of $315.43 million. During the same period in the prior year, the business posted $0.54 earnings per share. The company’s revenue was up 46.0% on a year-over-year basis. On average, equities analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current 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.