Burney Co. Lowers Stock Holdings in CyberArk Software Ltd. $CYBR

Burney Co. lessened its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 1.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,205 shares of the technology company’s stock after selling 260 shares during the period. Burney Co.’s holdings in CyberArk Software were worth $7,407,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CYBR. Venturi Wealth Management LLC grew its stake in shares of CyberArk Software by 3.6% in the 1st quarter. Venturi Wealth Management LLC now owns 834 shares of the technology company’s stock valued at $282,000 after purchasing an additional 29 shares during the last quarter. Prudential PLC lifted its holdings in shares of CyberArk Software by 2.4% during the first quarter. Prudential PLC now owns 1,277 shares of the technology company’s stock worth $432,000 after purchasing an additional 30 shares during the period. MAI Capital Management grew its position in CyberArk Software by 1.1% in the 1st quarter. MAI Capital Management now owns 2,756 shares of the technology company’s stock valued at $932,000 after buying an additional 31 shares during the last quarter. Y.D. More Investments Ltd grew its position in CyberArk Software by 0.5% in the 1st quarter. Y.D. More Investments Ltd now owns 6,974 shares of the technology company’s stock valued at $2,415,000 after buying an additional 38 shares during the last quarter. Finally, Assetmark Inc. increased its stake in CyberArk Software by 13.9% in the 1st quarter. Assetmark Inc. now owns 327 shares of the technology company’s stock valued at $111,000 after buying an additional 40 shares during the period. 91.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CYBR has been the subject of several recent analyst reports. Piper Sandler restated a “neutral” rating and issued a $448.00 target price (up previously from $440.00) on shares of CyberArk Software in a research note on Thursday, July 31st. Wolfe Research downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $448.00 price objective (up previously from $420.00) on shares of CyberArk Software in a report on Thursday, July 31st. KeyCorp downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 31st. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $420.00 price target on shares of CyberArk Software in a report on Tuesday, July 22nd. Ten analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $448.85.

CyberArk Software Price Performance

CYBR stock opened at $520.78 on Monday. The firm has a 50 day moving average of $484.32 and a 200-day moving average of $419.64. The company has a market cap of $26.29 billion, a price-to-earnings ratio of -154.53 and a beta of 1.01. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.53. CyberArk Software Ltd. has a 12-month low of $271.68 and a 12-month high of $526.19.

CyberArk Software Company Profile

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sells software-based identity security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager, which offers risk-based credential security and session; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide secure access to third-party vendors; Dynamic Privileged Access, a SaaS solution that provides just-in-time access to Linux Virtual Machines; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Secure Desktop, a solution that protects access to endpoints.