Resona Asset Management Co. Ltd. Invests $5.45 Million in CyberArk Software Ltd. $CYBR

Resona Asset Management Co. Ltd. acquired a new stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) in the second quarter, Holdings Channel reports. The fund acquired 13,404 shares of the technology company’s stock, valued at approximately $5,454,000.

A number of other institutional investors have also recently added to or reduced their stakes in CYBR. Atlantic Union Bankshares Corp acquired a new position in shares of CyberArk Software during the 2nd quarter valued at $1,504,000. Stratos Wealth Partners LTD. acquired a new stake in shares of CyberArk Software in the second quarter valued at $214,000. World Investment Advisors acquired a new stake in shares of CyberArk Software in the second quarter valued at $211,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in CyberArk Software by 2.4% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 78,770 shares of the technology company’s stock valued at $32,050,000 after buying an additional 1,870 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in CyberArk Software by 0.9% during the second quarter. Janney Montgomery Scott LLC now owns 8,574 shares of the technology company’s stock worth $3,489,000 after acquiring an additional 80 shares during the period. 91.84% of the stock is currently owned by institutional investors.

CyberArk Software Stock Performance

Shares of CyberArk Software stock opened at $503.87 on Monday. The stock has a market cap of $25.43 billion, a PE ratio of -149.52 and a beta of 1.01. The business has a fifty day simple moving average of $490.51 and a 200-day simple moving average of $426.11. 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 12 month low of $288.00 and a 12 month high of $526.19.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings results 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. The firm had revenue of $342.84 million for the quarter, compared to analyst estimates of $328.52 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 42.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.94 earnings per share. On average, sell-side analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CYBR has been the subject of a number of research analyst reports. Oppenheimer reissued a “market perform” rating on shares of CyberArk Software in a report on Friday, August 1st. Rosenblatt Securities downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $445.00 target price on the stock. in a report on Friday, August 1st. Scotiabank reissued a “sector perform” rating and set a $448.00 target price (down from $460.00) on shares of CyberArk Software in a research note on Tuesday, August 5th. Baird R W lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Finally, JMP Securities reaffirmed a “market perform” rating on shares of CyberArk Software in a report on Tuesday, September 23rd. Nine equities research 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 company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target 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.