Intech Investment Management LLC Takes Position in CyberArk Software Ltd. $CYBR

Intech Investment Management LLC purchased a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,062 shares of the technology company’s stock, valued at approximately $3,412,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. First Trust Advisors LP grew its holdings in CyberArk Software by 9.1% during the 2nd quarter. First Trust Advisors LP now owns 1,129,845 shares of the technology company’s stock worth $459,711,000 after acquiring an additional 94,318 shares during the last quarter. Norges Bank acquired a new position in shares of CyberArk Software during the second quarter worth $444,613,000. State Street Corp grew its stake in shares of CyberArk Software by 1.3% in the second quarter. State Street Corp now owns 817,272 shares of the technology company’s stock worth $332,532,000 after purchasing an additional 10,676 shares during the last quarter. Citigroup Inc. grew its stake in shares of CyberArk Software by 144.8% in the third quarter. Citigroup Inc. now owns 565,048 shares of the technology company’s stock worth $273,003,000 after purchasing an additional 334,181 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in CyberArk Software by 7.4% in the second quarter. Bank of America Corp DE now owns 508,746 shares of the technology company’s stock valued at $206,998,000 after purchasing an additional 34,850 shares during the period. Institutional investors and hedge funds own 91.84% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Jefferies Financial Group downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 30th. Mizuho lowered their price objective on CyberArk Software from $520.00 to $470.00 and set an “outperform” rating for the company in a research report on Thursday, February 5th. Piper Sandler set a $474.00 price objective on CyberArk Software in a research note on Wednesday, December 17th. Zacks Research raised shares of CyberArk Software from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 7th. Finally, Barclays lowered their price target on shares of CyberArk Software from $520.00 to $460.00 and set an “equal weight” rating for the company in a report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, CyberArk Software currently has an average rating of “Hold” and an average price target of $459.95.

CyberArk Software Trading Down 0.1%

Shares of CYBR stock opened at $408.85 on Monday. CyberArk Software Ltd. has a fifty-two week low of $288.63 and a fifty-two week high of $526.19. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.14 and a current ratio of 2.00. The stock has a 50 day simple moving average of $432.60 and a two-hundred day simple moving average of $460.31. The company has a market cap of $20.64 billion, a P/E ratio of -139.54, a PEG ratio of 18.11 and a beta of 0.91.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Wednesday, February 4th. The technology company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.15 by $0.18. CyberArk Software had a negative net margin of 10.79% and a positive return on equity of 0.77%. The company had revenue of $372.65 million during the quarter, compared to the consensus estimate of $377.22 million. During the same quarter last year, the firm posted $0.80 EPS. The company’s quarterly revenue was up 18.5% on a year-over-year basis. Research analysts forecast 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.