CyberArk Software Ltd. $CYBR Shares Purchased by Axa S.A.

Axa S.A. boosted its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 1.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 117,542 shares of the technology company’s stock after buying an additional 1,571 shares during the period. Axa S.A.’s holdings in CyberArk Software were worth $47,825,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new position in shares of CyberArk Software during the second quarter worth approximately $30,000. NewSquare Capital LLC grew its position in CyberArk Software by 78.0% during the 2nd quarter. NewSquare Capital LLC now owns 73 shares of the technology company’s stock worth $30,000 after purchasing an additional 32 shares during the last quarter. AlphaCore Capital LLC purchased a new position in CyberArk Software during the 2nd quarter worth $33,000. WPG Advisers LLC purchased a new stake in shares of CyberArk Software in the first quarter valued at about $74,000. Finally, DHJJ Financial Advisors Ltd. acquired a new stake in shares of CyberArk Software during the second quarter worth about $81,000. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Analysts Set New Price Targets

CYBR has been the subject of several analyst reports. Jefferies Financial Group downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 30th. Citigroup cut CyberArk Software from a “buy” rating to a “hold” rating and upped their price target for the stock from $465.00 to $524.00 in a research note on Tuesday, November 4th. JMP Securities reiterated a “market perform” rating on shares of CyberArk Software in a research report on Tuesday, September 23rd. Barclays restated an “equal weight” rating and set a $520.00 price objective (up previously from $440.00) on shares of CyberArk Software in a research report on Tuesday, October 14th. Finally, Citizens Jmp downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Eight research analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $455.96.

CyberArk Software Trading Down 0.2%

Shares of CYBR opened at $469.53 on Wednesday. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.52. The firm’s 50-day moving average is $489.07 and its two-hundred day moving average is $443.48. CyberArk Software Ltd. has a twelve month low of $288.63 and a twelve month high of $526.19. The firm has a market capitalization of $23.70 billion, a P/E ratio of -101.85, a PEG ratio of 25.32 and a beta of 0.99.

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

About CyberArk Software

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sells software-based identity security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager, which offers risk-based credential security and session; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide secure access to third-party vendors; Dynamic Privileged Access, a SaaS solution that provides just-in-time access to Linux Virtual Machines; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Secure Desktop, a solution that protects access to endpoints.