Knights of Columbus Asset Advisors LLC Buys New Stake in CyberArk Software Ltd. $CYBR

Knights of Columbus Asset Advisors LLC purchased a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 4,926 shares of the technology company’s stock, valued at approximately $2,004,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alta Wealth Advisors LLC increased its position in shares of CyberArk Software by 4.5% during the second quarter. Alta Wealth Advisors LLC now owns 1,591 shares of the technology company’s stock worth $647,000 after acquiring an additional 69 shares during the last quarter. QRG Capital Management Inc. increased its position in shares of CyberArk Software by 35.1% during the second quarter. QRG Capital Management Inc. now owns 905 shares of the technology company’s stock worth $368,000 after acquiring an additional 235 shares during the last quarter. DHJJ Financial Advisors Ltd. purchased a new stake in shares of CyberArk Software during the second quarter worth about $81,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of CyberArk Software by 155.4% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,770 shares of the technology company’s stock worth $1,941,000 after acquiring an additional 2,902 shares during the last quarter. Finally, AMI Asset Management Corp increased its position in shares of CyberArk Software by 56.7% during the second quarter. AMI Asset Management Corp now owns 115,327 shares of the technology company’s stock worth $46,924,000 after acquiring an additional 41,724 shares during the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Price Performance

Shares of NASDAQ:CYBR opened at $503.07 on Tuesday. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53. CyberArk Software Ltd. has a fifty-two week low of $271.68 and a fifty-two week high of $505.18. The firm has a 50-day simple moving average of $451.89 and a 200 day simple moving average of $396.73. The company has a market cap of $25.39 billion, a PE ratio of -149.28 and a beta of 1.01.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.09. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. The business had revenue of $328.03 million during the quarter, compared to the consensus estimate of $315.43 million. During the same quarter in the prior year, the firm earned $0.54 EPS. The company’s revenue for the quarter was up 46.0% compared to the same quarter last year. On average, sell-side analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Rosenblatt Securities lowered CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $445.00 target price on the stock. in a research report on Friday, August 1st. Wolfe Research lowered CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. JMP Securities reissued a “market perform” rating on shares of CyberArk Software in a research report on Tuesday, September 23rd. Robert W. Baird reissued a “neutral” rating and issued a $460.00 target price on shares of CyberArk Software in a research report on Friday, August 1st. Finally, Scotiabank reissued a “sector perform” rating and issued a $448.00 target price (down previously from $460.00) on shares of CyberArk Software in a research report on Tuesday, August 5th. Twelve equities research analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the stock. According to MarketBeat.com, CyberArk Software currently has a consensus rating of “Hold” and a consensus target price of $439.00.

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.