IQ EQ FUND MANAGEMENT IRELAND Ltd Decreases Position in CyberArk Software Ltd. $CYBR

IQ EQ FUND MANAGEMENT IRELAND Ltd trimmed its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 32.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,578 shares of the technology company’s stock after selling 4,969 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in CyberArk Software were worth $4,304,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its holdings in CyberArk Software by 1,598.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 979,181 shares of the technology company’s stock valued at $330,964,000 after buying an additional 921,523 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in CyberArk Software by 82.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 740,504 shares of the technology company’s stock worth $250,290,000 after buying an additional 335,634 shares during the period. Amundi increased its position in CyberArk Software by 153.5% during the first quarter. Amundi now owns 547,466 shares of the technology company’s stock valued at $179,547,000 after acquiring an additional 331,498 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of CyberArk Software by 545.1% in the first 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. raised its stake in shares of CyberArk Software by 12.2% in the first 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 during the period. Institutional investors own 91.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CYBR. Guggenheim cut shares of CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $455.00 price target for the company. in a research note on Thursday, July 31st. Robert W. Baird reissued a “neutral” rating and issued a $460.00 price objective on shares of CyberArk Software in a research note on Friday, August 1st. JMP Securities reaffirmed a “market perform” rating on shares of CyberArk Software in a research note on Tuesday, September 23rd. Scotiabank reiterated a “sector perform” rating and issued a $448.00 price target (down from $460.00) on shares of CyberArk Software in a report on Tuesday, August 5th. Finally, DA Davidson raised their price target on CyberArk Software from $465.00 to $518.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Ten investment analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $448.85.

CyberArk Software Stock Performance

CyberArk Software stock opened at $519.81 on Tuesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.31 and a current ratio of 2.31. The company has a market capitalization of $26.24 billion, a PE ratio of -154.25 and a beta of 1.01. The company has a 50 day moving average price of $477.80 and a 200-day moving average price of $414.10. CyberArk Software Ltd. has a fifty-two week low of $271.68 and a fifty-two week high of $520.35.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.79 by $0.09. The company had revenue of $328.03 million for the quarter, compared to the consensus estimate of $315.43 million. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.CyberArk Software’s quarterly revenue was up 46.0% on a year-over-year basis. During the same period last year, the business posted $0.54 EPS. As a group, equities analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

CyberArk Software Company 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.