Panagora Asset Management Inc. Has $13.87 Million Stake in CyberArk Software Ltd. $CYBR

Panagora Asset Management Inc. lifted its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 101.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 34,094 shares of the technology company’s stock after purchasing an additional 17,150 shares during the quarter. Panagora Asset Management Inc.’s holdings in CyberArk Software were worth $13,872,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in CYBR. Prudential PLC lifted its holdings in CyberArk Software by 2.4% during the 1st quarter. Prudential PLC now owns 1,277 shares of the technology company’s stock valued at $432,000 after purchasing an additional 30 shares during the last quarter. MAI Capital Management increased its holdings in shares of CyberArk Software by 1.1% in the first quarter. MAI Capital Management now owns 2,756 shares of the technology company’s stock valued at $932,000 after purchasing an additional 31 shares during the last quarter. NewSquare Capital LLC raised its position in shares of CyberArk Software by 78.0% in the second quarter. NewSquare Capital LLC now owns 73 shares of the technology company’s stock valued at $30,000 after purchasing an additional 32 shares during the period. Y.D. More Investments Ltd lifted its stake in shares of CyberArk Software by 0.5% during the 1st quarter. Y.D. More Investments Ltd now owns 6,974 shares of the technology company’s stock worth $2,415,000 after buying an additional 38 shares during the last quarter. Finally, Allworth Financial LP boosted its holdings in shares of CyberArk Software by 7.4% during the 2nd quarter. Allworth Financial LP now owns 579 shares of the technology company’s stock worth $236,000 after buying an additional 40 shares during the period. 91.84% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Trading Up 1.0%

Shares of CYBR stock opened at $457.70 on Wednesday. The stock has a market cap of $23.10 billion, a P/E ratio of -99.28, a price-to-earnings-growth ratio of 25.53 and a beta of 0.99. CyberArk Software Ltd. has a 1 year low of $288.63 and a 1 year high of $526.19. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.52. The stock has a 50 day simple moving average of $490.00 and a 200 day simple moving average of $439.65.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Thursday, November 6th. The technology company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.28. The firm had revenue of $342.84 million for the quarter, compared to analyst estimates of $328.52 million. CyberArk Software had a negative return on equity of 0.07% and a negative net margin of 17.42%.The company’s revenue was up 42.8% on a year-over-year basis. During the same quarter last year, the company earned $0.94 EPS. On average, research analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CYBR shares. Citizens Jmp downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Canaccord Genuity Group lowered CyberArk Software from a “buy” rating to a “hold” rating and increased their target price for the stock from $440.00 to $502.00 in a research note on Wednesday, October 15th. Barclays reissued an “equal weight” rating and set a $520.00 price target (up from $440.00) on shares of CyberArk Software in a report on Tuesday, October 14th. Zacks Research upgraded CyberArk Software from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 19th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of CyberArk Software in a report on Tuesday, September 23rd. Eight equities research analysts have rated the stock with a Buy rating, twenty-three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, CyberArk Software currently has a consensus rating of “Hold” and a consensus price target of $455.96.

About CyberArk Software

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.