Stephens Investment Management Group LLC Has $43.12 Million Holdings in Cyberark Software Ltd (NASDAQ:CYBR)

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Stephens Investment Management Group LLC cut its position in shares of Cyberark Software Ltd (NASDAQ:CYBR) by 9.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 337,264 shares of the technology company’s stock after selling 36,376 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Cyberark Software were worth $43,116,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CYBR. DekaBank Deutsche Girozentrale grew its holdings in shares of Cyberark Software by 634.7% during the second quarter. DekaBank Deutsche Girozentrale now owns 13,556 shares of the technology company’s stock valued at $1,722,000 after buying an additional 11,711 shares during the last quarter. Advisory Services Network LLC grew its holdings in shares of Cyberark Software by 135.1% during the second quarter. Advisory Services Network LLC now owns 609 shares of the technology company’s stock valued at $78,000 after buying an additional 350 shares during the last quarter. Janus Henderson Group PLC acquired a new position in shares of Cyberark Software during the second quarter valued at about $562,000. Cavalier Investments LLC grew its holdings in shares of Cyberark Software by 18.2% during the second quarter. Cavalier Investments LLC now owns 22,756 shares of the technology company’s stock valued at $2,909,000 after buying an additional 3,500 shares during the last quarter. Finally, Weatherly Asset Management L. P. grew its holdings in shares of Cyberark Software by 10.1% during the second quarter. Weatherly Asset Management L. P. now owns 38,486 shares of the technology company’s stock valued at $4,920,000 after buying an additional 3,541 shares during the last quarter. Institutional investors own 71.29% of the company’s stock.

Shares of CYBR traded down $0.89 during trading hours on Thursday, reaching $113.52. 19,876 shares of the stock traded hands, compared to its average volume of 963,813. The stock has a fifty day moving average price of $132.05. Cyberark Software Ltd has a 52 week low of $64.66 and a 52 week high of $148.74. The stock has a market cap of $4.47 billion, a P/E ratio of 79.08, a price-to-earnings-growth ratio of 5.83 and a beta of 1.58.

Cyberark Software (NASDAQ:CYBR) last released its quarterly earnings results on Wednesday, August 7th. The technology company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.34. Cyberark Software had a net margin of 15.23% and a return on equity of 13.47%. The company had revenue of $100.18 million for the quarter, compared to analyst estimates of $97.35 million. During the same period last year, the firm earned $0.36 earnings per share. The firm’s revenue was up 28.9% on a year-over-year basis. On average, equities research analysts predict that Cyberark Software Ltd will post 1.29 earnings per share for the current fiscal year.

CYBR has been the subject of a number of analyst reports. JMP Securities reiterated an “outperform” rating and set a $135.00 price objective (up from $130.00) on shares of Cyberark Software in a report on Tuesday, May 14th. Evercore ISI set a $140.00 price objective on shares of Cyberark Software and gave the company a “buy” rating in a report on Wednesday, August 7th. Mizuho set a $145.00 price objective on shares of Cyberark Software and gave the company a “buy” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. set a $160.00 price objective on shares of Cyberark Software and gave the company an “overweight” rating in a report on Wednesday, August 7th. Finally, ValuEngine cut shares of Cyberark Software from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Four analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $123.50.

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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