Invesco Ltd. Has $440.55 Million Stock Position in CyberArk Software Ltd. $CYBR

Invesco Ltd. decreased its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 4.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,082,749 shares of the technology company’s stock after selling 47,145 shares during the quarter. Invesco Ltd. owned about 2.19% of CyberArk Software worth $440,549,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CYBR. Prudential PLC raised its position in shares of CyberArk Software by 2.4% during the 1st quarter. Prudential PLC now owns 1,277 shares of the technology company’s stock valued at $432,000 after acquiring an additional 30 shares during the last quarter. MAI Capital Management grew its stake in shares of CyberArk Software by 1.1% during the first quarter. MAI Capital Management now owns 2,756 shares of the technology company’s stock worth $932,000 after purchasing an additional 31 shares during the period. NewSquare Capital LLC increased its holdings in CyberArk Software by 78.0% in the second quarter. NewSquare Capital LLC now owns 73 shares of the technology company’s stock valued at $30,000 after purchasing an additional 32 shares during the last quarter. Y.D. More Investments Ltd lifted its stake in CyberArk Software by 0.5% in the first quarter. Y.D. More Investments Ltd now owns 6,974 shares of the technology company’s stock valued at $2,415,000 after buying an additional 38 shares during the period. Finally, Allworth Financial LP lifted its stake in CyberArk Software by 7.4% in the second quarter. Allworth Financial LP now owns 579 shares of the technology company’s stock valued at $236,000 after buying an additional 40 shares during the period. 91.84% of the stock is currently owned by institutional investors and hedge funds.

CyberArk Software Trading Up 1.0%

Shares of NASDAQ:CYBR opened at $471.21 on Friday. The firm has a market cap of $23.79 billion, a price-to-earnings ratio of -102.21, a PEG ratio of 25.10 and a beta of 0.99. CyberArk Software Ltd. has a 12 month low of $288.63 and a 12 month high of $526.19. The company’s fifty day simple moving average is $489.64 and its 200 day simple moving average is $440.06. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.52.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Thursday, November 6th. The technology company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.28. The company had revenue of $342.84 million for the quarter, compared to the consensus estimate of $328.52 million. CyberArk Software had a negative net margin of 17.42% and a negative return on equity of 0.07%. The firm’s revenue was up 42.8% compared to the same quarter last year. During the same period last year, the company earned $0.94 earnings per share. As a group, research analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on CYBR. Canaccord Genuity Group lowered CyberArk Software from a “buy” rating to a “hold” rating and boosted their target price for the stock from $440.00 to $502.00 in a research report on Wednesday, October 15th. JMP Securities restated a “market perform” rating on shares of CyberArk Software in a report on Tuesday, September 23rd. DA Davidson reiterated a “buy” rating and issued a $518.00 target price on shares of CyberArk Software in a report on Friday, November 7th. Barclays reissued an “equal weight” rating and set a $520.00 price target (up from $440.00) on shares of CyberArk Software in a research report on Tuesday, October 14th. Finally, Jefferies Financial Group cut shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 30th. Eight research analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $455.96.

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.