Bellevue Group AG Decreases Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Bellevue Group AG lowered its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 51.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,100 shares of the technology company’s stock after selling 2,200 shares during the period. Bellevue Group AG’s holdings in CyberArk Software were worth $272,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC purchased a new position in shares of CyberArk Software in the first quarter worth about $27,000. Montag A & Associates Inc. purchased a new position in shares of CyberArk Software in the fourth quarter worth about $81,000. IndexIQ Advisors LLC increased its holdings in shares of CyberArk Software by 19.7% in the first quarter. IndexIQ Advisors LLC now owns 511 shares of the technology company’s stock worth $66,000 after buying an additional 84 shares during the period. Total Clarity Wealth Management Inc. purchased a new position in shares of CyberArk Software in the first quarter worth about $136,000. Finally, Financial Counselors Inc. purchased a new position in shares of CyberArk Software in the fourth quarter worth about $203,000. Hedge funds and other institutional investors own 86.71% of the company’s stock.

CYBR stock opened at $136.59 on Friday. CyberArk Software Ltd. has a fifty-two week low of $92.61 and a fifty-two week high of $169.70. The stock’s 50 day moving average price is $132.13. The company has a debt-to-equity ratio of 0.71, a current ratio of 4.34 and a quick ratio of 4.34. The stock has a market cap of $5.34 billion, a P/E ratio of -223.92 and a beta of 1.28.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Wednesday, May 5th. The technology company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.42. CyberArk Software had a positive return on equity of 0.76% and a negative net margin of 4.96%. The firm had revenue of $112.80 million for the quarter, compared to analysts’ expectations of $109.89 million. During the same period in the previous year, the firm posted $0.50 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. Research analysts forecast that CyberArk Software Ltd. will post -0.64 earnings per share for the current year.

CYBR has been the topic of a number of research analyst reports. Stifel Nicolaus restated a “buy” rating on shares of CyberArk Software in a report on Monday, May 24th. Zacks Investment Research downgraded CyberArk Software from a “hold” rating to a “sell” rating and set a $146.00 price target on the stock. in a report on Tuesday, April 13th. Morgan Stanley boosted their price target on CyberArk Software from $185.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, February 12th. Wedbush reduced their price target on CyberArk Software from $185.00 to $150.00 and set an “outperform” rating on the stock in a report on Thursday, May 6th. Finally, Needham & Company LLC restated a “hold” rating on shares of CyberArk Software in a report on Thursday, March 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the stock. CyberArk Software presently has an average rating of “Buy” and a consensus target price of $162.67.

CyberArk Software Profile

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sales software-based security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager that offers risk-based credential security and session management to protect against attacks involving privileged access; Vendor Privileged Access Manager, which combines Privileged Access Manager and Remote Access to provide fast, easy, and secure privileged access to third-party vendors; Endpoint Privilege Manager, a SaaS service that secures privileges on the endpoint; and Cloud Entitlements Manager, a SaaS solution, which reduces risk that arises from excessive privileges by implementing least privilege across cloud environments.

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Institutional Ownership by Quarter for CyberArk Software (NASDAQ:CYBR)

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