Swiss National Bank raised its position in shares of Cyberark Software Ltd (NASDAQ:CYBR) by 107.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 136,000 shares of the technology company’s stock after purchasing an additional 70,300 shares during the period. Swiss National Bank’s holdings in Cyberark Software were worth $17,386,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. Swedbank acquired a new stake in shares of Cyberark Software in the 1st quarter worth approximately $120,062,000. Assenagon Asset Management S.A. lifted its stake in shares of Cyberark Software by 2,646.8% in the 1st quarter. Assenagon Asset Management S.A. now owns 371,977 shares of the technology company’s stock worth $44,284,000 after acquiring an additional 358,435 shares during the period. OppenheimerFunds Inc. lifted its stake in shares of Cyberark Software by 21.4% in the 1st quarter. OppenheimerFunds Inc. now owns 735,302 shares of the technology company’s stock worth $87,538,000 after acquiring an additional 129,450 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Cyberark Software by 53.3% in the 1st quarter. Principal Financial Group Inc. now owns 284,018 shares of the technology company’s stock worth $33,812,000 after acquiring an additional 98,732 shares during the period. Finally, DE Burlo Group Inc. acquired a new stake in shares of Cyberark Software in the 1st quarter worth approximately $11,250,000. 75.10% of the stock is owned by hedge funds and other institutional investors.
NASDAQ CYBR opened at $117.99 on Friday. The company’s 50 day simple moving average is $130.31 and its 200 day simple moving average is $121.43. Cyberark Software Ltd has a 12 month low of $64.66 and a 12 month high of $148.74. The company has a market capitalization of $4.45 billion, a P/E ratio of 82.51, a PEG ratio of 5.71 and a beta of 1.58.
Cyberark Software (NASDAQ:CYBR) last released its earnings results on Wednesday, August 7th. The technology company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.34. Cyberark Software had a net margin of 15.23% and a return on equity of 13.47%. The business had revenue of $100.18 million for the quarter, compared to the consensus estimate of $97.35 million. During the same period in the previous year, the firm earned $0.36 EPS. The business’s revenue for the quarter was up 28.9% on a year-over-year basis. As a group, analysts forecast that Cyberark Software Ltd will post 1.29 EPS for the current year.
A number of analysts have recently weighed in on CYBR shares. Zacks Investment Research raised shares of Cyberark Software from a “hold” rating to a “buy” rating and set a $124.00 price target for the company in a research note on Tuesday, August 13th. Berenberg Bank started coverage on shares of Cyberark Software in a research note on Friday, May 31st. They issued a “buy” rating and a $155.00 price target for the company. BidaskClub lowered shares of Cyberark Software from a “hold” rating to a “sell” rating in a research note on Tuesday. UBS Group lowered shares of Cyberark Software from a “buy” rating to a “neutral” rating and upped their price target for the stock from $119.00 to $132.00 in a research note on Thursday, April 25th. Finally, Morgan Stanley upped their price target on shares of Cyberark Software from $146.00 to $149.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nineteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $124.52.
About Cyberark Software
CyberArk Software Ltd., together with its subsidiaries, provides software-based security solutions and services for organizations to safeguard and monitor their privileged accounts. The company's solutions include Core Privileged Access Security for risk-based credential security and session management with add-on options for least privilege server and domain controller protection; Application Access Manager for secrets management for applications, tools, containers, and DevOps; and Endpoint Privilege Manager for least privilege and credential theft protection for workstations.
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