Alberta Investment Management Corp Purchases 25,412 Shares of CyberArk Software Ltd. $CYBR

Alberta Investment Management Corp raised its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 668.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 29,212 shares of the technology company’s stock after buying an additional 25,412 shares during the quarter. Alberta Investment Management Corp owned about 0.06% of CyberArk Software worth $14,114,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Norges Bank bought a new position in shares of CyberArk Software during the 2nd quarter worth approximately $444,613,000. Alpine Associates Management Inc. purchased a new position in CyberArk Software in the third quarter worth $98,635,000. Clal Insurance Enterprises Holdings Ltd grew its holdings in CyberArk Software by 85.3% in the second 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 during the last quarter. Lazard Asset Management LLC increased its position in shares of CyberArk Software by 175.8% during the second 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 in the last quarter. Finally, Anatole Investment Management Ltd purchased a new stake in shares of CyberArk Software during the 2nd quarter valued at $58,075,000. 91.84% of the stock is currently owned by institutional investors.

CyberArk Software Trading Down 0.1%

CyberArk Software stock opened at $408.85 on Thursday. The company has a quick ratio of 2.14, a current ratio of 2.00 and a debt-to-equity ratio of 0.51. CyberArk Software Ltd. has a 52 week low of $288.63 and a 52 week high of $526.19. The company has a market capitalization of $20.64 billion, a price-to-earnings ratio of -139.54, a price-to-earnings-growth ratio of 18.11 and a beta of 0.91. The stock has a 50-day moving average price of $438.70 and a 200 day moving average price of $459.96.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Wednesday, February 4th. The technology company reported $1.33 earnings per share for the quarter, topping 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 company had revenue of $372.65 million for the quarter, compared to the consensus estimate of $377.22 million. During the same quarter in the prior year, the company earned $0.80 EPS. CyberArk Software’s quarterly revenue was up 18.5% on a year-over-year basis. Sell-side analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CYBR. Citigroup downgraded CyberArk Software from a “buy” rating to a “hold” rating and boosted their target price for the stock from $465.00 to $524.00 in a research note on Tuesday, November 4th. Barclays decreased their price target on CyberArk Software from $520.00 to $460.00 and set an “equal weight” rating for the company in a research note on Thursday, February 5th. JPMorgan Chase & Co. dropped their price target on CyberArk Software from $474.00 to $425.00 and set a “neutral” rating on the stock in a research note on Monday, February 9th. Mizuho cut their price objective on shares of CyberArk Software from $520.00 to $470.00 and set an “outperform” rating on the stock in a report on Thursday, February 5th. Finally, Zacks Research upgraded shares of CyberArk Software from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target 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.