Skandinaviska Enskilda Banken AB publ Invests $2.37 Million in CyberArk Software Ltd. $CYBR

Skandinaviska Enskilda Banken AB publ purchased a new position in CyberArk Software Ltd. (NASDAQ:CYBR) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 4,894 shares of the technology company’s stock, valued at approximately $2,372,000.

Several other institutional investors also recently bought and sold shares of CYBR. Sheets Smith Wealth Management raised its holdings in CyberArk Software by 0.7% in the third quarter. Sheets Smith Wealth Management now owns 3,141 shares of the technology company’s stock worth $1,518,000 after buying an additional 23 shares during the last quarter. Portside Wealth Group LLC increased its position in shares of CyberArk Software by 1.1% during the third quarter. Portside Wealth Group LLC now owns 2,047 shares of the technology company’s stock valued at $989,000 after acquiring an additional 23 shares in the last quarter. Signal Advisors Wealth LLC raised its holdings in CyberArk Software by 0.6% in the 3rd quarter. Signal Advisors Wealth LLC now owns 3,917 shares of the technology company’s stock worth $1,892,000 after acquiring an additional 24 shares during the last quarter. UMB Bank n.a. raised its holdings in CyberArk Software by 50.0% in the 3rd quarter. UMB Bank n.a. now owns 87 shares of the technology company’s stock worth $42,000 after acquiring an additional 29 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in CyberArk Software by 2.9% in the 3rd quarter. Blue Trust Inc. now owns 1,059 shares of the technology company’s stock valued at $512,000 after acquiring an additional 30 shares in the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on CYBR. Mizuho reduced their target price on CyberArk Software from $520.00 to $470.00 and set an “outperform” rating for the company in a report on Thursday, February 5th. Citigroup downgraded CyberArk Software from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $465.00 to $524.00 in a report on Tuesday, November 4th. Jefferies Financial Group lowered CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 30th. JPMorgan Chase & Co. dropped their price target on shares of CyberArk Software from $474.00 to $425.00 and set a “neutral” rating on the stock in a report on Monday, February 9th. Finally, Zacks Research raised shares of CyberArk Software from a “hold” rating to a “strong-buy” rating in a report 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $459.95.

CyberArk Software Price Performance

Shares of NASDAQ:CYBR opened at $408.85 on Friday. 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 stock has a market capitalization 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 firm’s 50 day moving average price is $436.60 and its 200-day moving average price is $459.61. CyberArk Software Ltd. has a twelve month low of $288.63 and a twelve month high of $526.19.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Wednesday, February 4th. The technology company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $372.65 million during the quarter, compared to analysts’ expectations of $377.22 million. During the same period in the prior year, the company earned $0.80 earnings per share. The firm’s revenue was up 18.5% on a year-over-year basis. Equities research analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current year.

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.