Allianz Asset Management GmbH Grows Holdings in CyberArk Software Ltd. $CYBR

Allianz Asset Management GmbH lifted its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 0.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 52,076 shares of the technology company’s stock after acquiring an additional 49 shares during the quarter. Allianz Asset Management GmbH owned 0.11% of CyberArk Software worth $21,189,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CYBR. Price T Rowe Associates Inc. MD lifted its stake in CyberArk Software by 1,598.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 979,181 shares of the technology company’s stock worth $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 raised its holdings in shares of CyberArk Software by 82.9% in the 1st 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 buying an additional 335,634 shares during the period. Amundi lifted its stake in CyberArk Software by 153.5% during the 1st quarter. Amundi now owns 547,466 shares of the technology company’s stock worth $179,547,000 after acquiring an additional 331,498 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in CyberArk Software by 545.1% during the 1st quarter. BNP Paribas Financial Markets now owns 230,362 shares of the technology company’s stock valued at $77,862,000 after acquiring an additional 194,651 shares during the period. Finally, Invesco Ltd. grew its position in CyberArk Software by 12.2% in the 1st quarter. Invesco Ltd. now owns 1,129,894 shares of the technology company’s stock valued at $381,904,000 after acquiring an additional 122,423 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Stock Performance

NASDAQ:CYBR opened at $490.95 on Monday. CyberArk Software Ltd. has a 12 month low of $271.68 and a 12 month high of $514.28. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.31 and a quick ratio of 2.31. The firm has a market capitalization of $24.78 billion, a PE ratio of -145.68 and a beta of 1.01. The business’s fifty day moving average price is $466.92 and its 200 day moving average price is $406.39.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data 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 business had revenue of $328.03 million during the quarter, compared to analysts’ expectations of $315.43 million. During the same period in the prior year, the firm posted $0.54 EPS. The business’s quarterly revenue 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 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on CYBR shares. Wedbush reissued a “neutral” rating and set a $450.00 price target on shares of CyberArk Software in a research report on Thursday, July 31st. Cantor Fitzgerald reiterated an “overweight” rating and set a $420.00 target price on shares of CyberArk Software in a report on Tuesday, July 22nd. Canaccord Genuity Group downgraded shares of CyberArk Software from a “buy” rating to a “hold” rating and boosted their price target for the stock from $440.00 to $502.00 in a research note on Wednesday, October 15th. DA Davidson increased their price objective on CyberArk Software from $465.00 to $518.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Finally, Baird R W cut CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Ten analysts have rated the stock with a Buy rating and twenty-one have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $448.85.

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.