Steinberganna Wealth Management Takes Position in CyberArk Software Ltd. $CYBR

Steinberganna Wealth Management acquired a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) during the third quarter, Holdings Channel.com reports. The fund acquired 7,563 shares of the technology company’s stock, valued at approximately $3,654,000. CyberArk Software accounts for approximately 1.7% of Steinberganna Wealth Management’s holdings, making the stock its 11th largest holding.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of CyberArk Software during the second quarter valued at about $444,613,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew 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 valued at $250,290,000 after acquiring an additional 335,634 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd increased its holdings in CyberArk Software by 85.3% during the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 362,752 shares of the technology company’s stock worth $147,597,000 after acquiring an additional 167,000 shares during the period. Lazard Asset Management LLC lifted its stake in CyberArk Software by 175.8% in the 2nd quarter. Lazard Asset Management LLC now owns 243,637 shares of the technology company’s stock worth $99,130,000 after purchasing an additional 155,294 shares in the last quarter. Finally, Anatole Investment Management Ltd purchased a new stake in CyberArk Software in the 2nd quarter worth approximately $58,075,000. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. JMP Securities reaffirmed a “market perform” rating on shares of CyberArk Software in a report on Tuesday, September 23rd. Jefferies Financial Group cut CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 30th. Weiss Ratings initiated coverage on CyberArk Software in a report on Saturday, November 1st. They set a “sell (d-)” rating for the company. Citizens Jmp downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. Finally, Zacks Research raised shares of CyberArk Software from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, CyberArk Software currently has an average rating of “Hold” and a consensus price target of $462.63.

CyberArk Software Price Performance

CYBR stock opened at $460.93 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.14 and a current ratio of 2.14. The firm has a market cap of $23.27 billion, a P/E ratio of -99.98, a P/E/G ratio of 21.74 and a beta of 0.92. The firm’s fifty day moving average is $467.04 and its 200 day moving average is $452.31. CyberArk Software Ltd. has a 52 week low of $288.63 and a 52 week high of $526.19.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Thursday, November 6th. The technology company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.92 by $0.28. The firm had revenue of $342.84 million for the quarter, compared to the consensus estimate of $328.52 million. CyberArk Software had a negative return on equity of 0.07% and a negative net margin of 17.42%.The company’s quarterly revenue was up 42.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.94 earnings per share. Research analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

About CyberArk Software

CyberArk Software Ltd. is a cybersecurity company that focuses on identity security and privileged access management. Its core mission is to protect organizations from cyber threats that target privileged accounts, credentials and secrets that can provide attackers with broad access to critical systems. CyberArk’s offerings are designed to help enterprises control, monitor and secure privileged credentials across on-premises, cloud and hybrid environments, reducing the risk of lateral movement and data breaches.

The company delivers a suite of software and cloud services that address privileged access, secrets management, endpoint privilege management and identity-based threat detection.