Freedom Investment Management Inc. Trims Holdings in CyberArk Software Ltd. $CYBR

Freedom Investment Management Inc. cut its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 13.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,489 shares of the technology company’s stock after selling 239 shares during the quarter. Freedom Investment Management Inc.’s holdings in CyberArk Software were worth $606,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in CYBR. Price T Rowe Associates Inc. MD grew its position in shares of CyberArk Software by 1,598.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 979,181 shares of the technology company’s stock valued at $330,964,000 after purchasing an additional 921,523 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of CyberArk Software by 82.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 740,504 shares of the technology company’s stock valued at $250,290,000 after purchasing an additional 335,634 shares in the last quarter. Amundi grew its position in shares of CyberArk Software by 153.5% in the first quarter. Amundi now owns 547,466 shares of the technology company’s stock valued at $179,547,000 after purchasing an additional 331,498 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of CyberArk Software by 545.1% in the first quarter. BNP Paribas Financial Markets now owns 230,362 shares of the technology company’s stock valued at $77,862,000 after purchasing an additional 194,651 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of CyberArk Software by 12.2% in the first quarter. Invesco Ltd. now owns 1,129,894 shares of the technology company’s stock valued at $381,904,000 after purchasing an additional 122,423 shares in the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

CyberArk Software Trading Up 1.0%

Shares of CYBR stock opened at $511.93 on Friday. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53. The business has a 50-day moving average price of $475.82 and a two-hundred day moving average price of $412.48. CyberArk Software Ltd. has a 12-month low of $271.68 and a 12-month high of $514.28. The firm has a market cap of $25.84 billion, a P/E ratio of -151.91 and a beta of 1.01.

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Rosenblatt Securities cut CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $445.00 target price for the company. in a research report on Friday, August 1st. Baird R W cut CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. KeyCorp cut CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 31st. Needham & Company LLC boosted their target price on CyberArk Software from $460.00 to $551.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $420.00 target price on shares of CyberArk Software in a research report on Tuesday, July 22nd. Ten research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $448.85.

CyberArk Software Company Profile

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.