TD Asset Management Inc Increases Stock Holdings in CyberArk Software Ltd. $CYBR

TD Asset Management Inc boosted its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 24.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 53,986 shares of the technology company’s stock after acquiring an additional 10,449 shares during the quarter. TD Asset Management Inc owned 0.11% of CyberArk Software worth $26,083,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Alliance Wealth Advisors LLC UT increased its stake in shares of CyberArk Software by 2.4% during the third quarter. Alliance Wealth Advisors LLC UT now owns 4,611 shares of the technology company’s stock worth $2,228,000 after purchasing an additional 107 shares in the last quarter. Highbridge Capital Management LLC increased its stake in CyberArk Software by 136.3% during the 3rd quarter. Highbridge Capital Management LLC now owns 34,740 shares of the technology company’s stock worth $16,785,000 after buying an additional 20,040 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ raised its holdings in shares of CyberArk Software by 1.3% during the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 9,733 shares of the technology company’s stock valued at $4,702,000 after acquiring an additional 123 shares during the last quarter. Intrust Bank NA raised its holdings in shares of CyberArk Software by 5.3% during the third quarter. Intrust Bank NA now owns 1,368 shares of the technology company’s stock valued at $661,000 after acquiring an additional 69 shares during the last quarter. Finally, Advyzon Investment Management LLC lifted its position in shares of CyberArk Software by 69.8% in the third quarter. Advyzon Investment Management LLC now owns 1,516 shares of the technology company’s stock valued at $732,000 after acquiring an additional 623 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

CyberArk Software Stock Down 0.1%

CYBR stock opened at $408.85 on Friday. The stock has a market cap of $20.64 billion, a P/E ratio of -139.54, a PEG ratio of 18.11 and a beta of 0.91. The company has a current ratio of 2.00, a quick ratio of 2.14 and a debt-to-equity ratio of 0.51. CyberArk Software Ltd. has a twelve month low of $288.63 and a twelve month high of $526.19. The company’s 50 day moving average is $432.60 and its two-hundred day moving average is $460.04.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Wednesday, February 4th. The technology company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.18. CyberArk Software had a negative net margin of 10.79% and a positive return on equity of 0.77%. The firm had revenue of $372.65 million for the quarter, compared to the consensus estimate of $377.22 million. During the same period last year, the firm posted $0.80 EPS. The company’s revenue was up 18.5% on a year-over-year basis. Research analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CYBR shares. Barclays lowered their price target on shares of CyberArk Software from $520.00 to $460.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 5th. Citigroup cut shares of CyberArk Software from a “buy” rating to a “hold” rating and increased their price objective for the stock from $465.00 to $524.00 in a research report on Tuesday, November 4th. Piper Sandler set a $474.00 price target on shares of CyberArk Software in a research note on Wednesday, December 17th. Zacks Research raised CyberArk Software from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 7th. Finally, DA Davidson raised their target price on shares of CyberArk Software from $518.00 to $573.00 and gave the company a “buy” rating in a report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $459.95.

CyberArk Software Company Profile

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.