Victory Capital Management Inc. Lowers Stock Holdings in CyberArk Software Ltd. $CYBR

Victory Capital Management Inc. cut its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 63.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 60,247 shares of the technology company’s stock after selling 105,029 shares during the period. Victory Capital Management Inc. owned approximately 0.12% of CyberArk Software worth $29,108,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CYBR. Cornerstone Planning Group LLC increased its holdings in shares of CyberArk Software by 5,300.0% in the third quarter. Cornerstone Planning Group LLC now owns 54 shares of the technology company’s stock valued at $28,000 after purchasing an additional 53 shares during the period. Parkside Financial Bank & Trust grew its position in CyberArk Software by 120.7% in the 3rd quarter. Parkside Financial Bank & Trust now owns 64 shares of the technology company’s stock valued at $31,000 after buying an additional 35 shares during the last quarter. AlphaCore Capital LLC purchased a new position in CyberArk Software in the 2nd quarter valued at $33,000. UMB Bank n.a. increased its stake in CyberArk Software by 50.0% in the 3rd quarter. UMB Bank n.a. now owns 87 shares of the technology company’s stock valued at $42,000 after buying an additional 29 shares during the period. Finally, Promus Capital LLC purchased a new position in CyberArk Software during the 2nd quarter worth $48,000. 91.84% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Trading Down 0.1%

Shares of CyberArk Software stock opened at $408.85 on Monday. The company has a current ratio of 2.00, a quick ratio of 2.14 and a debt-to-equity ratio of 0.51. The stock has a market cap of $20.64 billion, a PE ratio of -139.54, a price-to-earnings-growth ratio of 18.11 and a beta of 0.91. CyberArk Software Ltd. has a 12-month low of $288.63 and a 12-month high of $526.19. The company has a 50-day moving average of $428.09 and a two-hundred day moving average of $459.70.

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

Analyst Upgrades and Downgrades

CYBR has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of CyberArk Software in a research note on Thursday, January 29th. Jefferies Financial Group lowered CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 30th. Barclays dropped their target price on 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. Mizuho reduced their price target on CyberArk Software from $520.00 to $470.00 and set an “outperform” rating for the company in a report on Thursday, February 5th. Finally, DA Davidson lifted their price target on CyberArk Software from $518.00 to $573.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twenty-two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, CyberArk Software has an average rating of “Hold” and an average price target of $459.95.

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.