AustralianSuper Pty Ltd Takes $45.34 Million Position in CyberArk Software Ltd. $CYBR

AustralianSuper Pty Ltd acquired a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 111,438 shares of the technology company’s stock, valued at approximately $45,342,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Golden State Wealth Management LLC increased its position in CyberArk Software by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company’s stock worth $26,000 after purchasing an additional 39 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of CyberArk Software during the 2nd quarter valued at $30,000. Bessemer Group Inc. increased its holdings in shares of CyberArk Software by 421.1% during the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company’s stock worth $33,000 after buying an additional 80 shares during the last quarter. Morse Asset Management Inc purchased a new position in shares of CyberArk Software in the 1st quarter worth $34,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in CyberArk Software by 340.0% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 110 shares of the technology company’s stock valued at $37,000 after acquiring an additional 85 shares during the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Citizens Jmp lowered CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. DA Davidson increased their target price on shares of CyberArk Software from $465.00 to $518.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Needham & Company LLC raised their price target on shares of CyberArk Software from $460.00 to $551.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Canaccord Genuity Group downgraded shares of CyberArk Software from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $440.00 to $502.00 in a research note on Wednesday, October 15th. Finally, William Blair downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 30th. Ten research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $448.85.

CyberArk Software Trading Up 1.0%

CYBR opened at $511.93 on Monday. The firm’s 50 day moving average is $475.82 and its 200-day moving average is $412.92. CyberArk Software Ltd. has a 52-week low of $271.68 and a 52-week high of $514.28. 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 firm has a market capitalization of $25.84 billion, a P/E ratio of -151.91 and a beta of 1.01.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results 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 analyst estimates of $315.43 million. During the same period last year, the business earned $0.54 EPS. The business’s revenue was up 46.0% on a year-over-year basis. Analysts expect that CyberArk Software Ltd. will post -0.47 EPS 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.