Picton Mahoney Asset Management Has $73.56 Million Stock Holdings in CyberArk Software Ltd. $CYBR

Picton Mahoney Asset Management lifted its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 161.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 152,257 shares of the technology company’s stock after purchasing an additional 94,102 shares during the quarter. CyberArk Software accounts for approximately 0.7% of Picton Mahoney Asset Management’s holdings, making the stock its 24th biggest holding. Picton Mahoney Asset Management owned approximately 0.30% of CyberArk Software worth $73,561,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CYBR. First Trust Advisors LP grew its stake in CyberArk Software by 9.1% during the second quarter. First Trust Advisors LP now owns 1,129,845 shares of the technology company’s stock worth $459,711,000 after buying an additional 94,318 shares during the last quarter. Norges Bank bought a new stake in CyberArk Software during the 2nd quarter worth approximately $444,613,000. State Street Corp increased its holdings in CyberArk Software by 1.3% during the 2nd quarter. State Street Corp now owns 817,272 shares of the technology company’s stock valued at $332,532,000 after purchasing an additional 10,676 shares in the last quarter. Citigroup Inc. raised its position in CyberArk Software by 144.8% in the 3rd quarter. Citigroup Inc. now owns 565,048 shares of the technology company’s stock valued at $273,003,000 after purchasing an additional 334,181 shares during the last quarter. Finally, Bank of America Corp DE raised its position in CyberArk Software by 7.4% in the 2nd quarter. Bank of America Corp DE now owns 508,746 shares of the technology company’s stock valued at $206,998,000 after purchasing an additional 34,850 shares during the last quarter. 91.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CYBR has been the topic of several research analyst reports. JPMorgan Chase & Co. decreased their target price on CyberArk Software from $474.00 to $425.00 and set a “neutral” rating on the stock in a report on Monday, February 9th. Barclays decreased their price objective on shares of CyberArk Software from $520.00 to $460.00 and set an “equal weight” rating on the stock in a report on Thursday, February 5th. Zacks Research raised shares of CyberArk Software from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of CyberArk Software in a research note on Thursday, January 29th. Finally, Jefferies Financial Group lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 30th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $459.95.

CyberArk Software Stock Performance

CyberArk Software stock opened at $408.85 on Wednesday. The company has a market cap of $20.64 billion, a PE ratio of -139.54, a PEG ratio of 18.11 and a beta of 0.91. The company has a current ratio of 2.00, a quick ratio of 2.14 and a debt-to-equity ratio of 0.51. CyberArk Software Ltd. has a 1 year low of $288.63 and a 1 year high of $526.19. The company’s 50-day moving average is $430.73 and its two-hundred day moving average is $460.16.

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

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.