Integrated Advisors Network LLC Has $14.37 Million Position in CyberArk Software Ltd. $CYBR

Integrated Advisors Network LLC boosted its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 9.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 29,751 shares of the technology company’s stock after purchasing an additional 2,616 shares during the period. Integrated Advisors Network LLC’s holdings in CyberArk Software were worth $14,374,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in CYBR. Longbow Finance SA boosted its holdings in CyberArk Software by 35.8% in the third quarter. Longbow Finance SA now owns 16,098 shares of the technology company’s stock worth $7,778,000 after purchasing an additional 4,245 shares in the last quarter. AXA S.A. raised its holdings in CyberArk Software by 1.4% during the second quarter. AXA S.A. now owns 117,542 shares of the technology company’s stock valued at $47,825,000 after buying an additional 1,571 shares in the last quarter. Alpine Associates Management Inc. bought a new position in CyberArk Software during the third quarter valued at about $98,635,000. Atlantic Union Bankshares Corp acquired a new stake in shares of CyberArk Software in the second quarter worth about $1,504,000. Finally, Park Avenue Securities LLC bought a new stake in shares of CyberArk Software during the 3rd quarter worth about $1,643,000. 91.84% of the stock is currently owned by institutional investors and hedge funds.

CyberArk Software Stock Down 0.1%

Shares of CYBR stock opened at $408.85 on Friday. CyberArk Software Ltd. has a 12 month low of $288.63 and a 12 month high of $526.19. The company has a quick ratio of 2.14, a current ratio of 2.00 and a debt-to-equity ratio of 0.51. The firm has a market cap of $20.64 billion, a PE 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 of $433.46 and a 200-day moving average of $459.71.

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, topping analysts’ consensus estimates of $1.15 by $0.18. The business had revenue of $372.65 million for the quarter, compared to analyst estimates of $377.22 million. CyberArk Software had a negative net margin of 10.79% and a positive return on equity of 0.77%. CyberArk Software’s revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.80 earnings per share. On average, equities analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on CYBR. Barclays lowered their price objective on CyberArk Software from $520.00 to $460.00 and set an “equal weight” rating on the stock in a report on Thursday, February 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of CyberArk Software in a report on Thursday, January 29th. Jefferies Financial Group lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 30th. Mizuho decreased their price objective on shares of CyberArk Software from $520.00 to $470.00 and set an “outperform” rating for the company in a report on Thursday, February 5th. Finally, DA Davidson raised their target price on shares of CyberArk Software from $518.00 to $573.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, CyberArk Software presently has an average rating of “Hold” and an average price target of $459.95.

About CyberArk Software

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.