JPMorgan Chase & Co. Reduces Stock Holdings in CyberArk Software Ltd. $CYBR

JPMorgan Chase & Co. lowered its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 14.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 555,109 shares of the technology company’s stock after selling 94,548 shares during the period. JPMorgan Chase & Co. owned 1.10% of CyberArk Software worth $268,201,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC purchased a new position in shares of CyberArk Software in the first quarter valued at approximately $284,000. CWM LLC lifted its holdings in shares of CyberArk Software by 74.3% in the 2nd quarter. CWM LLC now owns 387 shares of the technology company’s stock worth $157,000 after acquiring an additional 165 shares during the last quarter. Harbour Investments Inc. boosted its position in shares of CyberArk Software by 22.2% during the 2nd quarter. Harbour Investments Inc. now owns 248 shares of the technology company’s stock worth $101,000 after purchasing an additional 45 shares during the period. Nordea Investment Management AB raised its position in CyberArk Software by 31.6% in the second quarter. Nordea Investment Management AB now owns 6,183 shares of the technology company’s stock valued at $2,500,000 after purchasing an additional 1,485 shares during the period. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of CyberArk Software in the second quarter valued at $214,000. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Trading Down 0.1%

Shares of CYBR stock opened at $408.85 on Friday. The business’s fifty day moving average price is $437.68 and its 200 day moving average price is $459.61. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.00 and a quick ratio of 2.14. The firm has a market capitalization of $20.64 billion, a PE ratio of -139.54, a P/E/G ratio of 18.11 and a beta of 0.91. CyberArk Software Ltd. has a 1-year low of $288.63 and a 1-year high of $526.19.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Wednesday, February 4th. The technology company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.18. The business had revenue of $372.65 million during the quarter, compared to analyst estimates of $377.22 million. CyberArk Software had a negative net margin of 10.79% and a positive return on equity of 0.77%. The company’s revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.80 earnings per share. As a group, sell-side analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CYBR has been the topic of several research reports. 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 report on Tuesday, November 4th. DA Davidson increased their price objective on CyberArk Software from $518.00 to $573.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Barclays decreased their target price on CyberArk Software from $520.00 to $460.00 and set an “equal weight” rating for the company in a report on Thursday, February 5th. Weiss Ratings restated a “sell (d-)” rating on shares of CyberArk Software in a report on Thursday, January 29th. Finally, JPMorgan Chase & Co. decreased their price objective on CyberArk Software from $474.00 to $425.00 and set a “neutral” rating for the company in a research note on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twenty-two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $459.95.

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.