M&G PLC Takes Position in CyberArk Software Ltd. $CYBR

M&G PLC acquired a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 29,121 shares of the technology company’s stock, valued at approximately $11,852,000. M&G PLC owned approximately 0.06% of CyberArk Software as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of CYBR. KBC Group NV increased its holdings in CyberArk Software by 48.5% during the 2nd quarter. KBC Group NV now owns 97,271 shares of the technology company’s stock worth $39,578,000 after acquiring an additional 31,765 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of CyberArk Software by 1.7% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 21,128 shares of the technology company’s stock worth $8,597,000 after buying an additional 363 shares in the last quarter. Advyzon Investment Management LLC bought a new stake in CyberArk Software during the second quarter valued at $363,000. First Dallas Securities Inc. bought a new position in CyberArk Software in the 2nd quarter worth about $651,000. Finally, Allworth Financial LP boosted its position in shares of CyberArk Software by 7.4% during the 2nd quarter. Allworth Financial LP now owns 579 shares of the technology company’s stock valued at $236,000 after acquiring an additional 40 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors.

CyberArk Software Trading Down 3.4%

NASDAQ CYBR opened at $499.43 on Thursday. The stock has a market cap of $25.21 billion, a P/E ratio of -148.20 and a beta of 1.01. CyberArk Software Ltd. has a fifty-two week low of $288.63 and a fifty-two week high of $526.19. The stock has a 50 day simple moving average of $493.85 and a two-hundred day simple moving average of $428.97. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.31 and a current ratio of 2.31.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Thursday, November 6th. The technology company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.28. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.The business had revenue of $342.84 million for the quarter, compared to analysts’ expectations of $328.52 million. During the same period in the previous year, the firm posted $0.94 EPS. The business’s revenue was up 42.8% on a year-over-year basis. On average, analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Wall Street Analyst Weigh In

CYBR has been the topic of several research reports. Scotiabank restated a “sector perform” rating and set a $448.00 price objective (down previously from $460.00) on shares of CyberArk Software in a research report on Tuesday, August 5th. Rosenblatt Securities downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $445.00 price target on the stock. in a research report on Friday, August 1st. Guggenheim cut CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $455.00 price objective for the company. in a report on Thursday, July 31st. BTIG Research lowered CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 30th. Finally, Wedbush restated a “neutral” rating and issued a $450.00 target price on shares of CyberArk Software in a research report on Thursday, July 31st. Nine investment analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, CyberArk Software has an average rating of “Hold” and an average target price of $451.69.

CyberArk Software 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.