CyberArk Software Ltd. $CYBR Shares Bought by Alberta Investment Management Corp

Alberta Investment Management Corp grew its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 668.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 29,212 shares of the technology company’s stock after purchasing an additional 25,412 shares during the period. Alberta Investment Management Corp’s holdings in CyberArk Software were worth $14,114,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Norges Bank acquired a new stake in CyberArk Software during the second quarter worth about $444,613,000. Alpine Associates Management Inc. acquired a new position in CyberArk Software in the third quarter valued at approximately $98,635,000. Clal Insurance Enterprises Holdings Ltd boosted its position in CyberArk Software by 85.3% in the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 362,752 shares of the technology company’s stock worth $147,597,000 after purchasing an additional 167,000 shares in the last quarter. Lazard Asset Management LLC grew its stake in shares of CyberArk Software by 175.8% during the 2nd quarter. Lazard Asset Management LLC now owns 243,637 shares of the technology company’s stock worth $99,130,000 after purchasing an additional 155,294 shares during the period. Finally, Anatole Investment Management Ltd acquired a new stake in shares of CyberArk Software during the 2nd quarter worth approximately $58,075,000. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Performance

NASDAQ:CYBR opened at $408.85 on Thursday. The company has a fifty day moving average of $438.70 and a two-hundred day moving average of $459.96. CyberArk Software Ltd. has a fifty-two week low of $288.63 and a fifty-two week high of $526.19. The stock has a market capitalization of $20.64 billion, a PE ratio of -139.54, a P/E/G ratio of 18.11 and a beta of 0.91. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.14 and a current ratio of 2.00.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Wednesday, February 4th. The technology company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $377.22 million. During the same quarter last year, the business earned $0.80 earnings per share. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. As a group, research analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CYBR shares. Mizuho decreased their target price on shares of CyberArk Software from $520.00 to $470.00 and set an “outperform” rating for the company in a research note on Thursday, February 5th. Piper Sandler set a $474.00 price objective on shares of CyberArk Software in a report on Wednesday, December 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of CyberArk Software in a research report on Thursday, January 29th. JPMorgan Chase & Co. dropped their target price on CyberArk Software from $474.00 to $425.00 and set a “neutral” rating on the stock in a research report on Monday, February 9th. Finally, Zacks Research upgraded CyberArk Software from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus 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.