Clal Insurance Enterprises Holdings Ltd Boosts Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 36.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 195,752 shares of the technology company’s stock after acquiring an additional 52,500 shares during the period. Clal Insurance Enterprises Holdings Ltd owned 0.40% of CyberArk Software worth $66,164,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CYBR. Golden State Wealth Management LLC boosted its position in shares of CyberArk Software by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company’s stock worth $26,000 after acquiring an additional 39 shares during the last quarter. Whipplewood Advisors LLC boosted its position in shares of CyberArk Software by 135.3% in the first quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company’s stock worth $27,000 after acquiring an additional 46 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of CyberArk Software by 421.1% in the first quarter. Bessemer Group Inc. now owns 99 shares of the technology company’s stock worth $33,000 after acquiring an additional 80 shares during the last quarter. Morse Asset Management Inc acquired a new stake in shares of CyberArk Software in the first quarter worth approximately $34,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in shares of CyberArk Software by 340.0% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 110 shares of the technology company’s stock worth $37,000 after acquiring an additional 85 shares during the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Royal Bank Of Canada reissued a “sector perform” rating and issued a $448.00 target price (up from $420.00) on shares of CyberArk Software in a research report on Thursday, July 31st. Wolfe Research cut CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Friday, August 1st. Barclays increased their target price on shares of CyberArk Software from $405.00 to $440.00 and gave the stock an “overweight” rating in a research report on Monday, July 14th. UBS Group downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating and increased their target price for the stock from $480.00 to $485.00 in a research report on Thursday, July 31st. Finally, Baird R W downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Eighteen equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, CyberArk Software presently has a consensus rating of “Hold” and an average price target of $435.11.

CyberArk Software Stock Performance

Shares of CYBR opened at $401.86 on Tuesday. The business’s 50 day moving average is $394.65 and its two-hundred day moving average is $370.30. CyberArk Software Ltd. has a 52-week low of $254.43 and a 52-week high of $452.00. The firm has a market cap of $19.86 billion, a price-to-earnings ratio of -119.25 and a beta of 0.96. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.09. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%. The company had revenue of $328.03 million for the quarter, compared to analyst estimates of $315.43 million. During the same period in the prior year, the company posted $0.54 EPS. CyberArk Software’s quarterly revenue was up 46.0% on a year-over-year basis. Analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

CyberArk Software Company Profile

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sells software-based identity security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager, which offers risk-based credential security and session; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide secure access to third-party vendors; Dynamic Privileged Access, a SaaS solution that provides just-in-time access to Linux Virtual Machines; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Secure Desktop, a solution that protects access to endpoints.