Primecap Management Co. CA Raises Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Primecap Management Co. CA raised its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 0.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 61,850 shares of the technology company’s stock after buying an additional 300 shares during the quarter. Primecap Management Co. CA owned about 0.15% of CyberArk Software worth $16,911,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in CyberArk Software by 506.7% during the second quarter. Dimensional Fund Advisors LP now owns 6,565 shares of the technology company’s stock worth $1,795,000 after acquiring an additional 5,483 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of CyberArk Software by 31.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 13,333 shares of the technology company’s stock worth $3,646,000 after purchasing an additional 3,208 shares in the last quarter. O Neil Global Advisors Inc. purchased a new stake in shares of CyberArk Software in the 2nd quarter worth approximately $1,812,000. Westover Capital Advisors LLC increased its position in CyberArk Software by 2.4% during the 2nd quarter. Westover Capital Advisors LLC now owns 14,457 shares of the technology company’s stock valued at $3,953,000 after buying an additional 340 shares in the last quarter. Finally, Prevail Innovative Wealth Advisors LLC raised its stake in CyberArk Software by 29.7% during the second quarter. Prevail Innovative Wealth Advisors LLC now owns 7,917 shares of the technology company’s stock valued at $2,165,000 after buying an additional 1,815 shares during the last quarter. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Trading Down 1.8 %

Shares of CYBR stock opened at $268.04 on Thursday. CyberArk Software Ltd. has a 12-month low of $152.03 and a 12-month high of $293.31. The business’s 50 day moving average is $268.71 and its two-hundred day moving average is $257.54. The company has a market capitalization of $11.33 billion, a P/E ratio of -418.81 and a beta of 1.11.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Thursday, August 8th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.14. The firm had revenue of $224.71 million for the quarter, compared to analyst estimates of $219.06 million. CyberArk Software had a negative return on equity of 0.21% and a negative net margin of 1.53%. The business’s revenue was up 27.8% on a year-over-year basis. During the same quarter last year, the firm posted ($0.58) EPS. On average, research analysts predict that CyberArk Software Ltd. will post -1.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CYBR has been the subject of several analyst reports. Guggenheim restated a “buy” rating and set a $300.00 price target on shares of CyberArk Software in a report on Tuesday, June 25th. Cantor Fitzgerald reiterated an “overweight” rating and set a $300.00 price objective on shares of CyberArk Software in a research report on Friday, August 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $310.00 target price on shares of CyberArk Software in a report on Friday, August 9th. Canaccord Genuity Group decreased their price objective on CyberArk Software from $300.00 to $280.00 and set a “buy” rating on the stock in a research note on Tuesday, June 4th. Finally, KeyCorp lifted their target price on shares of CyberArk Software from $300.00 to $310.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. Two analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat, CyberArk Software presently has a consensus rating of “Moderate Buy” and a consensus price target of $290.83.

CyberArk Software 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.