Cyberark Software Ltd (NASDAQ:CYBR) Stock Position Decreased by Creative Planning

Creative Planning cut its position in shares of Cyberark Software Ltd (NASDAQ:CYBR) by 29.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,312 shares of the technology company’s stock after selling 1,772 shares during the period. Creative Planning’s holdings in Cyberark Software were worth $428,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Swedbank raised its stake in shares of Cyberark Software by 15.3% in the 1st quarter. Swedbank now owns 1,899,602 shares of the technology company’s stock valued at $162,530,000 after acquiring an additional 252,034 shares in the last quarter. Wasatch Advisors Inc. raised its stake in shares of Cyberark Software by 57.1% in the 1st quarter. Wasatch Advisors Inc. now owns 1,779,354 shares of the technology company’s stock valued at $152,242,000 after acquiring an additional 646,730 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Cyberark Software by 71.2% in the 1st quarter. Franklin Resources Inc. now owns 1,581,892 shares of the technology company’s stock valued at $135,346,000 after acquiring an additional 658,114 shares in the last quarter. BlackRock Inc. raised its stake in shares of Cyberark Software by 1.5% in the 1st quarter. BlackRock Inc. now owns 1,309,830 shares of the technology company’s stock valued at $112,069,000 after acquiring an additional 19,835 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Cyberark Software by 30.3% in the 1st quarter. JPMorgan Chase & Co. now owns 1,201,514 shares of the technology company’s stock valued at $102,800,000 after acquiring an additional 279,327 shares in the last quarter. 83.31% of the stock is owned by institutional investors.

Shares of NASDAQ:CYBR opened at $117.84 on Friday. Cyberark Software Ltd has a 1-year low of $69.50 and a 1-year high of $144.90. The firm has a market capitalization of $4.49 billion, a PE ratio of 89.27, a PEG ratio of 20.29 and a beta of 1.25. The business’s 50 day moving average is $105.60 and its 200-day moving average is $106.32. The company has a current ratio of 6.25, a quick ratio of 6.25 and a debt-to-equity ratio of 0.76.

Cyberark Software (NASDAQ:CYBR) last announced its quarterly earnings data on Wednesday, May 13th. The technology company reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.38. The company had revenue of $106.83 million for the quarter, compared to analyst estimates of $106.69 million. Cyberark Software had a return on equity of 9.76% and a net margin of 11.64%. On average, sell-side analysts predict that Cyberark Software Ltd will post 0.48 EPS for the current year.

A number of brokerages recently weighed in on CYBR. Barclays raised their price objective on Cyberark Software from $98.00 to $109.00 and gave the company an “equal weight” rating in a research note on Thursday, May 14th. Oppenheimer began coverage on Cyberark Software in a research note on Wednesday, May 13th. They issued a “buy” rating and a $115.00 price objective on the stock. DA Davidson lifted their price target on Cyberark Software from $80.00 to $85.00 in a research report on Thursday, May 14th. JMP Securities dropped their price target on Cyberark Software from $125.00 to $120.00 and set a “market outperform” rating on the stock in a research report on Thursday, May 14th. Finally, Wedbush reaffirmed a “buy” rating and issued a $120.00 price target on shares of Cyberark Software in a research report on Thursday, May 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $120.14.

Cyberark Software Profile

CyberArk Software Ltd., together with its subsidiaries, provides software-based security solutions and services for organizations to safeguard and monitor their privileged accounts. The company's solutions include Core Privileged Access Security for risk-based credential security and session management with add-on options for least privilege server and domain controller protection; Application Access Manager for secrets management for applications, tools, containers, and DevOps; and Endpoint Privilege Manager for least privilege and credential theft protection for workstations.

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Institutional Ownership by Quarter for Cyberark Software (NASDAQ:CYBR)

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