MGO One Seven LLC Trims Stock Holdings in CyberArk Software Ltd. $CYBR

MGO One Seven LLC lessened its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 4.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 624 shares of the technology company’s stock after selling 32 shares during the quarter. MGO One Seven LLC’s holdings in CyberArk Software were worth $254,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CYBR. Price T Rowe Associates Inc. MD boosted its position in shares of CyberArk Software by 1,598.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 979,181 shares of the technology company’s stock worth $330,964,000 after purchasing an additional 921,523 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in CyberArk Software by 82.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 740,504 shares of the technology company’s stock worth $250,290,000 after purchasing an additional 335,634 shares in the last quarter. Amundi boosted its position in shares of CyberArk Software by 153.5% during the first quarter. Amundi now owns 547,466 shares of the technology company’s stock worth $179,547,000 after buying an additional 331,498 shares during the period. BNP Paribas Financial Markets boosted its position in shares of CyberArk Software by 545.1% during the first quarter. BNP Paribas Financial Markets now owns 230,362 shares of the technology company’s stock worth $77,862,000 after buying an additional 194,651 shares during the period. Finally, Invesco Ltd. grew its stake in shares of CyberArk Software by 12.2% in the first quarter. Invesco Ltd. now owns 1,129,894 shares of the technology company’s stock valued at $381,904,000 after buying an additional 122,423 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CYBR has been the topic of several research reports. UBS Group lowered 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 note on Thursday, July 31st. Baird R W cut shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Guggenheim lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $455.00 price objective for the company. in a research note on Thursday, July 31st. JMP Securities reaffirmed a “market perform” rating on shares of CyberArk Software in a research note on Tuesday, September 23rd. Finally, Scotiabank reissued a “sector perform” rating and issued a $448.00 price target (down previously from $460.00) on shares of CyberArk Software in a research report on Tuesday, August 5th. Ten equities research analysts have rated the stock with a Buy rating and twenty-one have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $448.85.

CyberArk Software Stock Up 0.9%

Shares of CyberArk Software stock opened at $490.95 on Monday. 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 Ltd. has a 52-week low of $271.68 and a 52-week high of $514.28. The company has a market capitalization of $24.78 billion, a P/E ratio of -145.68 and a beta of 1.01. The company has a 50 day moving average of $466.92 and a 200 day moving average of $406.39.

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

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.