Loomis Sayles & Co. L P Cuts Stake in CyberArk Software Ltd. $CYBR

Loomis Sayles & Co. L P reduced its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 19.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 79,078 shares of the technology company’s stock after selling 18,631 shares during the quarter. Loomis Sayles & Co. L P’s holdings in CyberArk Software were worth $32,175,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CYBR. Atlantic Union Bankshares Corp purchased a new position in CyberArk Software in the 2nd quarter worth approximately $1,504,000. Stratos Wealth Partners LTD. acquired a new stake in shares of CyberArk Software in the second quarter valued at approximately $214,000. World Investment Advisors purchased a new position in CyberArk Software during the second quarter worth approximately $211,000. Advyzon Investment Management LLC purchased a new position in CyberArk Software during the second quarter worth approximately $363,000. Finally, Concurrent Investment Advisors LLC purchased a new stake in CyberArk Software in the 2nd quarter valued at $207,000. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Trading Up 4.4%

CYBR opened at $465.00 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. CyberArk Software Ltd. has a 52 week low of $288.63 and a 52 week high of $526.19. The business’s 50 day moving average is $491.24 and its two-hundred day moving average is $437.66. The firm has a market cap of $23.47 billion, a price-to-earnings ratio of -137.98 and a beta of 1.01.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Thursday, November 6th. The technology company reported $1.20 earnings per share for the quarter, topping 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 firm had revenue of $342.84 million during the quarter, compared to the consensus estimate of $328.52 million. During the same period last year, the company earned $0.94 earnings per share. The company’s revenue for the quarter was up 42.8% on a year-over-year basis. On average, research analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Barclays reiterated an “equal weight” rating and issued a $520.00 price objective (up from $440.00) on shares of CyberArk Software in a report on Tuesday, October 14th. Scotiabank reaffirmed a “sector perform” rating and issued a $448.00 price target (down previously from $460.00) on shares of CyberArk Software in a research note on Tuesday, August 5th. JMP Securities reissued a “market perform” rating on shares of CyberArk Software in a research report on Tuesday, September 23rd. Canaccord Genuity Group lowered shares of CyberArk Software from a “buy” rating to a “hold” rating and boosted their price objective for the company from $440.00 to $502.00 in a report on Wednesday, October 15th. Finally, Weiss Ratings assumed coverage on shares of CyberArk Software in a research report on Saturday, November 1st. They issued a “sell (d-)” rating on the stock. Eight equities research analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, CyberArk Software has a consensus rating of “Hold” and a consensus target price of $455.96.

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.