AMI Asset Management Corp Has $46.92 Million Holdings in CyberArk Software Ltd. $CYBR

AMI Asset Management Corp grew its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 56.7% during the second quarter, Holdings Channel.com reports. The firm owned 115,327 shares of the technology company’s stock after acquiring an additional 41,724 shares during the quarter. CyberArk Software accounts for about 2.7% of AMI Asset Management Corp’s portfolio, making the stock its 17th biggest position. AMI Asset Management Corp’s holdings in CyberArk Software were worth $46,924,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CYBR. Wealth Enhancement Advisory Services LLC raised its holdings in shares of CyberArk Software by 50.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,022 shares of the technology company’s stock valued at $1,007,000 after purchasing an additional 1,007 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of CyberArk Software by 35,202.2% in the first quarter. GAMMA Investing LLC now owns 15,886 shares of the technology company’s stock valued at $5,369,000 after purchasing an additional 15,841 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of CyberArk Software by 6.8% in the first quarter. Rhumbline Advisers now owns 16,164 shares of the technology company’s stock valued at $5,463,000 after purchasing an additional 1,034 shares during the last quarter. NBC Securities Inc. raised its holdings in shares of CyberArk Software by 107,300.0% in the first quarter. NBC Securities Inc. now owns 1,074 shares of the technology company’s stock valued at $363,000 after purchasing an additional 1,073 shares during the last quarter. Finally, Whipplewood Advisors LLC raised its holdings in shares of CyberArk Software by 135.3% in the first quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company’s stock valued at $27,000 after purchasing an additional 46 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CYBR shares. Citizens Jmp downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Stifel Nicolaus restated a “hold” rating and set a $444.00 target price on shares of CyberArk Software in a report on Thursday, July 31st. Robert W. Baird reissued a “neutral” rating and set a $460.00 target price on shares of CyberArk Software in a research note on Friday, August 1st. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $420.00 price objective on shares of CyberArk Software in a research note on Tuesday, July 22nd. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $448.00 price objective (up previously from $440.00) on shares of CyberArk Software in a research note on Thursday, July 31st. Twelve equities research analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $439.00.

CyberArk Software Price Performance

Shares of NASDAQ:CYBR opened at $490.17 on Thursday. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.53. The stock’s fifty day simple moving average is $444.86 and its two-hundred day simple moving average is $392.98. CyberArk Software Ltd. has a 1-year low of $269.00 and a 1-year high of $493.85. The stock has a market cap of $24.74 billion, a PE ratio of -145.45 and a beta of 1.01.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations 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. As a group, analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

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.