Steinberganna Wealth Management Purchases Shares of 7,563 CyberArk Software Ltd. $CYBR

Steinberganna Wealth Management bought a new stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 7,563 shares of the technology company’s stock, valued at approximately $3,654,000. CyberArk Software accounts for approximately 1.7% of Steinberganna Wealth Management’s portfolio, making the stock its 11th largest holding.

A number of other large investors have also bought and sold shares of the stock. First Trust Advisors LP boosted its position in shares of CyberArk Software by 9.1% during the 2nd quarter. First Trust Advisors LP now owns 1,129,845 shares of the technology company’s stock worth $459,711,000 after purchasing an additional 94,318 shares in the last quarter. Norges Bank bought a new position in CyberArk Software in the second quarter worth approximately $444,613,000. Voya Investment Management LLC grew its stake in CyberArk Software by 0.7% in the first quarter. Voya Investment Management LLC now owns 888,898 shares of the technology company’s stock valued at $300,448,000 after acquiring an additional 6,314 shares during the period. State Street Corp increased its holdings in shares of CyberArk Software by 1.3% during the second quarter. State Street Corp now owns 817,272 shares of the technology company’s stock valued at $332,532,000 after acquiring an additional 10,676 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of CyberArk Software by 82.9% during 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 valued at $250,290,000 after acquiring an additional 335,634 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CYBR shares. JMP Securities reiterated a “market perform” rating on shares of CyberArk Software in a report on Tuesday, September 23rd. Piper Sandler set a $474.00 price objective on shares of CyberArk Software in a report on Wednesday, December 17th. Citigroup lowered shares of CyberArk Software from a “buy” rating to a “hold” rating and upped their target price for the stock from $465.00 to $524.00 in a report on Tuesday, November 4th. Canaccord Genuity Group downgraded CyberArk Software from a “buy” rating to a “hold” rating and lifted their price target for the company from $440.00 to $502.00 in a research note on Wednesday, October 15th. Finally, Barclays restated an “equal weight” rating and issued a $520.00 target price (up previously from $440.00) on shares of CyberArk Software in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $462.63.

CyberArk Software Stock Performance

Shares of CYBR stock opened at $460.93 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.14 and a current ratio of 2.14. The firm has a market cap of $23.27 billion, a price-to-earnings ratio of -99.98, a P/E/G ratio of 21.74 and a beta of 0.92. CyberArk Software Ltd. has a 52 week low of $288.63 and a 52 week high of $526.19. The firm’s 50-day simple moving average is $467.04 and its two-hundred day simple moving average is $452.31.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings results 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 company 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 17.42% and a negative return on equity of 0.07%. CyberArk Software’s revenue was up 42.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.94 EPS. As a group, equities analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

About CyberArk Software

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.