Aberdeen Group plc Has $16.28 Million Stake in CyberArk Software Ltd. $CYBR

Aberdeen Group plc trimmed its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 6.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,149 shares of the technology company’s stock after selling 2,735 shares during the period. Aberdeen Group plc’s holdings in CyberArk Software were worth $16,282,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Venturi Wealth Management LLC lifted its stake in CyberArk Software by 3.6% during the first quarter. Venturi Wealth Management LLC now owns 834 shares of the technology company’s stock worth $282,000 after purchasing an additional 29 shares during the last quarter. Prudential PLC boosted its holdings in shares of CyberArk Software by 2.4% in the 1st quarter. Prudential PLC now owns 1,277 shares of the technology company’s stock valued at $432,000 after purchasing an additional 30 shares in the last quarter. MAI Capital Management boosted its holdings in shares of CyberArk Software by 1.1% in the 1st quarter. MAI Capital Management now owns 2,756 shares of the technology company’s stock valued at $932,000 after purchasing an additional 31 shares in the last quarter. Y.D. More Investments Ltd boosted its holdings in shares of CyberArk Software by 0.5% in the 1st quarter. Y.D. More Investments Ltd now owns 6,974 shares of the technology company’s stock valued at $2,415,000 after purchasing an additional 38 shares in the last quarter. Finally, Golden State Wealth Management LLC boosted its holdings in shares of CyberArk Software by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company’s stock valued at $26,000 after purchasing an additional 39 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

CyberArk Software Stock Down 2.5%

Shares of NASDAQ:CYBR opened at $491.30 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.31 and a current ratio of 2.31. CyberArk Software Ltd. has a 52-week low of $271.68 and a 52-week high of $514.28. The company has a market capitalization of $24.80 billion, a PE ratio of -145.79 and a beta of 1.01. The company has a fifty day moving average of $461.91 and a 200-day moving average of $402.83.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.09. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. The company had revenue of $328.03 million for the quarter, compared to analysts’ expectations of $315.43 million. During the same quarter in the previous year, the firm posted $0.54 earnings per share. CyberArk Software’s revenue for the quarter was up 46.0% on a year-over-year basis. On average, equities analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Barclays reaffirmed an “equal weight” rating and issued a $520.00 target price (up previously from $440.00) on shares of CyberArk Software in a report on Tuesday. Guggenheim downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $455.00 target price on the stock. in a report on Thursday, July 31st. Needham & Company LLC boosted their target price on shares of CyberArk Software from $460.00 to $551.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. KeyCorp downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a 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 report on Friday, August 1st. Eleven equities research analysts have rated the stock with a Buy rating and twenty have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $446.46.

CyberArk Software 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.