Swiss National Bank Reduces Stock Holdings in CyberArk Software Ltd. $CYBR

Swiss National Bank reduced its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 3.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 142,900 shares of the technology company’s stock after selling 5,200 shares during the quarter. Swiss National Bank’s holdings in CyberArk Software were worth $69,042,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CYBR. First Trust Advisors LP boosted its holdings in shares of CyberArk Software by 9.1% in the second quarter. First Trust Advisors LP now owns 1,129,845 shares of the technology company’s stock worth $459,711,000 after buying an additional 94,318 shares during the last quarter. Norges Bank purchased a new stake in CyberArk Software during the second quarter valued at approximately $444,613,000. State Street Corp increased its holdings in CyberArk Software by 1.3% during the second quarter. State Street Corp now owns 817,272 shares of the technology company’s stock valued at $332,532,000 after buying an additional 10,676 shares during the last quarter. Citigroup Inc. raised its position in 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 acquiring an additional 334,181 shares during the period. Finally, Bank of America Corp DE raised its position 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 worth $206,998,000 after acquiring an additional 34,850 shares during the period. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CYBR. Jefferies Financial Group downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 30th. DA Davidson raised their target price on CyberArk Software from $518.00 to $573.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. JPMorgan Chase & Co. lowered their target price on CyberArk Software from $474.00 to $425.00 and set a “neutral” rating on the stock in a research report on Monday, February 9th. Piper Sandler set a $474.00 price target on CyberArk Software in a report on Wednesday, December 17th. Finally, Mizuho reduced their price target 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. One research 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 stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $459.95.

CyberArk Software Stock Performance

Shares of NASDAQ CYBR opened at $408.85 on Thursday. The firm has a fifty day moving average price of $425.65 and a 200-day moving average price of $458.94. 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 stock has a market cap of $20.64 billion, a PE ratio of -139.54, a price-to-earnings-growth 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 announced its quarterly earnings data on Wednesday, February 4th. The technology company reported $1.33 EPS for the quarter, beating 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 firm had revenue of $372.65 million for the quarter, compared to the consensus estimate of $377.22 million. During the same period last year, the firm earned $0.80 EPS. The company’s revenue was up 18.5% on a year-over-year basis. Equities analysts anticipate 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.