Barclays PLC Increases Stock Holdings in CyberArk Software Ltd. $CYBR

Barclays PLC boosted its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 948.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 471,411 shares of the technology company’s stock after buying an additional 426,441 shares during the period. Barclays PLC’s holdings in CyberArk Software were worth $227,762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. First Trust Advisors LP grew its stake in shares of CyberArk Software by 9.1% during the second 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 stake in CyberArk Software in the 2nd quarter worth approximately $444,613,000. State Street Corp grew its position in CyberArk Software by 1.3% during the 2nd 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 position in CyberArk Software by 144.8% during the 3rd 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 stake in CyberArk Software by 7.4% during the 2nd 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 in the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Stock Down 0.1%

Shares of CYBR opened at $408.85 on Friday. The company has a current ratio of 2.00, a quick ratio of 2.14 and a debt-to-equity ratio of 0.51. CyberArk Software Ltd. has a 12 month low of $288.63 and a 12 month high of $526.19. The stock’s 50 day moving average is $428.09 and its two-hundred day moving average is $459.36. The firm 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 earnings results on Wednesday, February 4th. The technology company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.18. CyberArk Software had a positive return on equity of 0.77% and a negative net margin of 10.79%.The business had revenue of $372.65 million during the quarter, compared to the consensus estimate of $377.22 million. During the same period in the prior year, the company posted $0.80 EPS. The business’s quarterly revenue was up 18.5% on a year-over-year basis. Analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CYBR has been the subject of a number of research analyst reports. JPMorgan Chase & Co. decreased their price target on shares of CyberArk Software from $474.00 to $425.00 and set a “neutral” rating for the company in a report on Monday, February 9th. Jefferies Financial Group lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 30th. Piper Sandler set a $474.00 target price on CyberArk Software in a research note on Wednesday, December 17th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CyberArk Software in a research report on Thursday, January 29th. Finally, Barclays dropped their price target on CyberArk Software from $520.00 to $460.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $459.95.

CyberArk Software Company 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.