Thornburg Investment Management Inc. Has $5.54 Million Stock Holdings in CyberArk Software Ltd. $CYBR

Thornburg Investment Management Inc. lessened its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 47.8% in the third quarter, Holdings Channel reports. The institutional investor owned 11,465 shares of the technology company’s stock after selling 10,496 shares during the period. Thornburg Investment Management Inc.’s holdings in CyberArk Software were worth $5,539,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CYBR. AQR Capital Management LLC acquired a new stake in CyberArk Software in the first quarter valued at $284,000. CWM LLC grew its position in shares of CyberArk Software by 74.3% in the 2nd quarter. CWM LLC now owns 387 shares of the technology company’s stock valued at $157,000 after buying an additional 165 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of CyberArk Software by 21.7% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 18,644 shares of the technology company’s stock worth $7,586,000 after acquiring an additional 3,320 shares during the last quarter. Mayflower Financial Advisors LLC bought a new stake in CyberArk Software in the second quarter valued at approximately $252,000. Finally, World Investment Advisors acquired a new stake in CyberArk Software during the 2nd quarter valued at approximately $211,000. 91.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CYBR. Barclays reduced their price objective on shares of CyberArk Software from $520.00 to $460.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 5th. DA Davidson increased their price target on CyberArk Software from $518.00 to $573.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Jefferies Financial Group lowered CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 30th. Citigroup lowered CyberArk Software from a “buy” rating to a “hold” rating and upped their target price for the company from $465.00 to $524.00 in a research report on Tuesday, November 4th. Finally, Mizuho decreased their target price on CyberArk Software from $520.00 to $470.00 and set an “outperform” rating for the company in a research note on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, CyberArk Software currently has an average rating of “Hold” and an average target price of $459.95.

CyberArk Software Stock Performance

Shares of CyberArk Software stock opened at $408.85 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.00 and a quick ratio of 2.14. CyberArk Software Ltd. has a one year low of $288.63 and a one year high of $526.19. The business has a 50-day simple moving average of $433.46 and a 200 day simple moving average of $459.71. The firm has a market capitalization of $20.64 billion, a price-to-earnings ratio of -139.54, a PEG ratio of 18.11 and a beta of 0.91.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Wednesday, February 4th. The technology company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.18. CyberArk Software had a positive return on equity of 0.77% and a negative net margin of 10.79%.The company had revenue of $372.65 million for the quarter, compared to analyst estimates of $377.22 million. During the same period in the prior year, the firm earned $0.80 earnings per share. CyberArk Software’s revenue for the quarter was up 18.5% on a year-over-year basis. On average, research analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

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.