TD Asset Management Inc Grows Position in CyberArk Software Ltd. $CYBR

TD Asset Management Inc boosted its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 24.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 53,986 shares of the technology company’s stock after acquiring an additional 10,449 shares during the quarter. TD Asset Management Inc’s holdings in CyberArk Software were worth $26,083,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Alliance Wealth Advisors LLC UT grew its position in shares of CyberArk Software by 2.4% during the third quarter. Alliance Wealth Advisors LLC UT now owns 4,611 shares of the technology company’s stock worth $2,228,000 after acquiring an additional 107 shares during the last quarter. Highbridge Capital Management LLC grew its position in CyberArk Software by 136.3% during the 3rd quarter. Highbridge Capital Management LLC now owns 34,740 shares of the technology company’s stock worth $16,785,000 after purchasing an additional 20,040 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ increased its stake in CyberArk Software by 1.3% in the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 9,733 shares of the technology company’s stock valued at $4,702,000 after purchasing an additional 123 shares during the period. Intrust Bank NA raised its holdings in shares of CyberArk Software by 5.3% in the third quarter. Intrust Bank NA now owns 1,368 shares of the technology company’s stock valued at $661,000 after buying an additional 69 shares during the last quarter. Finally, Advyzon Investment Management LLC raised its holdings in shares of CyberArk Software by 69.8% in the third quarter. Advyzon Investment Management LLC now owns 1,516 shares of the technology company’s stock valued at $732,000 after buying an additional 623 shares during the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CYBR. Jefferies Financial Group lowered CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 30th. DA Davidson lifted their target price 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 dropped their target price on CyberArk Software from $520.00 to $460.00 and set an “equal weight” rating on the stock in a report on Thursday, February 5th. Piper Sandler set a $474.00 price target on CyberArk Software in a report on Wednesday, December 17th. Finally, JPMorgan Chase & Co. lowered their price objective on CyberArk Software from $474.00 to $425.00 and set a “neutral” rating on the stock in a report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $459.95.

CyberArk Software Trading Down 0.1%

Shares of CYBR stock opened at $408.85 on Friday. The stock has a market cap of $20.64 billion, a P/E ratio of -139.54, a P/E/G ratio of 18.11 and a beta of 0.91. The company has a quick ratio of 2.14, a current ratio of 2.00 and a debt-to-equity ratio of 0.51. CyberArk Software Ltd. has a fifty-two week low of $288.63 and a fifty-two week high of $526.19. The business has a fifty day simple moving average of $432.60 and a 200-day simple moving average of $460.04.

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