Primecap Management Co. CA Sells 18,816 Shares of CyberArk Software Ltd. $CYBR

Primecap Management Co. CA trimmed its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 37.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,040 shares of the technology company’s stock after selling 18,816 shares during the period. Primecap Management Co. CA owned about 0.06% of CyberArk Software worth $15,480,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. First Trust Advisors LP lifted its stake in shares of CyberArk Software by 9.1% in the 2nd quarter. First Trust Advisors LP now owns 1,129,845 shares of the technology company’s stock worth $459,711,000 after purchasing an additional 94,318 shares during the period. Norges Bank purchased a new stake in CyberArk Software during the second quarter valued at approximately $444,613,000. State Street Corp increased its holdings in CyberArk Software by 1.3% during the second quarter. State Street Corp now owns 817,272 shares of the technology company’s stock valued at $332,532,000 after buying an additional 10,676 shares during the last quarter. Citigroup Inc. raised its position in CyberArk Software by 144.8% in the third quarter. Citigroup Inc. now owns 565,048 shares of the technology company’s stock worth $273,003,000 after acquiring an additional 334,181 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of CyberArk Software by 7.4% during the 2nd quarter. Bank of America Corp DE now owns 508,746 shares of the technology company’s stock worth $206,998,000 after acquiring an additional 34,850 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors.

CyberArk Software Price Performance

Shares of CyberArk Software stock opened at $408.85 on Friday. The company has a market capitalization of $20.64 billion, a price-to-earnings ratio of -139.54, a PEG ratio of 18.11 and a beta of 0.91. The company has a quick ratio of 2.14, a current ratio of 2.00 and a debt-to-equity ratio of 0.51. The stock’s 50-day simple moving average is $432.60 and its 200-day simple moving average is $459.75. CyberArk Software Ltd. has a 52 week low of $288.63 and a 52 week high of $526.19.

CyberArk Software (NASDAQ:CYBR) last released its earnings results on Wednesday, February 4th. The technology company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.18. CyberArk Software had a positive return on equity of 0.77% and a negative net margin of 10.79%.The firm had revenue of $372.65 million during the quarter, compared to analysts’ expectations of $377.22 million. During the same quarter last year, the business posted $0.80 earnings per share. The firm’s revenue was up 18.5% on a year-over-year basis. As a group, analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CYBR shares. Citigroup lowered CyberArk Software from a “buy” rating to a “hold” rating and upped their price objective for the stock from $465.00 to $524.00 in a research note on Tuesday, November 4th. JPMorgan Chase & Co. cut their price target on CyberArk Software from $474.00 to $425.00 and set a “neutral” rating for the company in a report on Monday, February 9th. Jefferies Financial Group downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CyberArk Software in a research report on Thursday, January 29th. Finally, Zacks Research raised shares of CyberArk Software from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twenty-two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $459.95.

CyberArk Software Profile

CyberArk Software Ltd. is a cybersecurity company that focuses on identity security and privileged access management. Its core mission is to protect organizations from cyber threats that target privileged accounts, credentials and secrets that can provide attackers with broad access to critical systems. CyberArk’s offerings are designed to help enterprises control, monitor and secure privileged credentials across on-premises, cloud and hybrid environments, reducing the risk of lateral movement and data breaches.

The company delivers a suite of software and cloud services that address privileged access, secrets management, endpoint privilege management and identity-based threat detection.