Strs Ohio Boosts Holdings in CyberArk Software Ltd. $CYBR

Strs Ohio increased its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 5.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 163,951 shares of the technology company’s stock after purchasing an additional 8,785 shares during the period. Strs Ohio owned 0.32% of CyberArk Software worth $79,213,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in CYBR. AXA S.A. raised its position in shares of CyberArk Software by 1.4% in the second quarter. AXA S.A. now owns 117,542 shares of the technology company’s stock valued at $47,825,000 after buying an additional 1,571 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new stake in shares of CyberArk Software in the second quarter valued at $1,504,000. Stratos Wealth Partners LTD. purchased a new position in CyberArk Software in the second quarter valued at $214,000. Park Avenue Securities LLC acquired a new stake in CyberArk Software in the third quarter valued at $1,643,000. Finally, World Investment Advisors acquired a new stake in shares of CyberArk Software during the second quarter worth about $211,000. Institutional investors and hedge funds own 91.84% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on CYBR. Weiss Ratings initiated coverage on CyberArk Software in a research report on Saturday, November 1st. They set a “sell (d-)” rating on the stock. Barclays reaffirmed an “equal weight” rating and issued a $520.00 target price (up from $440.00) on shares of CyberArk Software in a report on Tuesday, October 14th. Citigroup cut shares of CyberArk Software from a “buy” rating to a “hold” rating and increased their price target for the stock from $465.00 to $524.00 in a research note on Tuesday, November 4th. Zacks Research upgraded shares of CyberArk Software from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 7th. Finally, Canaccord Genuity Group downgraded CyberArk Software from a “buy” rating to a “hold” rating and lifted their target price for the company from $440.00 to $502.00 in a research note on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twenty-three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $462.63.

CyberArk Software Price Performance

Shares of NASDAQ CYBR opened at $442.75 on Friday. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.52. CyberArk Software Ltd. has a 52 week low of $288.63 and a 52 week high of $526.19. The stock has a market cap of $22.35 billion, a price-to-earnings ratio of -96.04, a PEG ratio of 20.09 and a beta of 0.92. The company’s 50-day moving average price is $456.05 and its 200 day moving average price is $456.12.

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

CyberArk Software Profile

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.