Russell Investments Group Ltd. Grows Position in Cyberark Software Ltd (NASDAQ:CYBR)

Russell Investments Group Ltd. boosted its stake in shares of Cyberark Software Ltd (NASDAQ:CYBR) by 44.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 48,566 shares of the technology company’s stock after purchasing an additional 14,951 shares during the period. Russell Investments Group Ltd. owned approximately 0.13% of Cyberark Software worth $6,171,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Synovus Financial Corp purchased a new stake in Cyberark Software during the 2nd quarter worth approximately $737,000. Prudential Financial Inc. boosted its holdings in shares of Cyberark Software by 85.2% in the 2nd quarter. Prudential Financial Inc. now owns 234,458 shares of the technology company’s stock valued at $29,973,000 after acquiring an additional 107,858 shares during the last quarter. OMERS ADMINISTRATION Corp boosted its holdings in shares of Cyberark Software by 314.1% in the 2nd quarter. OMERS ADMINISTRATION Corp now owns 103,100 shares of the technology company’s stock valued at $13,359,000 after acquiring an additional 78,200 shares during the last quarter. Delek Group Ltd. boosted its holdings in shares of Cyberark Software by 4.8% in the 2nd quarter. Delek Group Ltd. now owns 17,283 shares of the technology company’s stock valued at $2,159,000 after acquiring an additional 792 shares during the last quarter. Finally, Sawtooth Solutions LLC purchased a new stake in shares of Cyberark Software in the 2nd quarter valued at $277,000. 76.60% of the stock is currently owned by institutional investors.

NASDAQ CYBR traded up $1.56 during mid-day trading on Friday, reaching $99.69. 19,657 shares of the stock were exchanged, compared to its average volume of 697,709. The business’s 50 day moving average is $121.33 and its 200-day moving average is $123.18. Cyberark Software Ltd has a 1 year low of $64.66 and a 1 year high of $148.74. The company has a market capitalization of $3.90 billion, a P/E ratio of 69.99, a P/E/G ratio of 5.07 and a beta of 1.64.



Cyberark Software (NASDAQ:CYBR) last announced its quarterly earnings results on Wednesday, August 7th. The technology company reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.34. Cyberark Software had a net margin of 15.23% and a return on equity of 13.47%. The firm had revenue of $100.18 million for the quarter, compared to the consensus estimate of $97.35 million. During the same period in the prior year, the firm posted $0.36 earnings per share. The firm’s quarterly revenue was up 28.9% compared to the same quarter last year. Equities analysts forecast that Cyberark Software Ltd will post 1.29 EPS for the current year.

Several analysts have recently commented on the stock. Zacks Investment Research raised shares of Cyberark Software from a “hold” rating to a “buy” rating and set a $124.00 price objective on the stock in a report on Tuesday, August 13th. ValuEngine downgraded shares of Cyberark Software from a “buy” rating to a “hold” rating in a report on Tuesday. Evercore ISI set a $140.00 price objective on shares of Cyberark Software and gave the company a “buy” rating in a report on Wednesday, August 7th. Dougherty & Co upped their price objective on shares of Cyberark Software from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Finally, Morgan Stanley upped their price objective on shares of Cyberark Software from $146.00 to $149.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Five analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Cyberark Software has a consensus rating of “Buy” and a consensus price target of $124.52.

Cyberark Software Profile

CyberArk Software Ltd., together with its subsidiaries, provides software-based security solutions and services for organizations to safeguard and monitor their privileged accounts. The company's solutions include Core Privileged Access Security for risk-based credential security and session management with add-on options for least privilege server and domain controller protection; Application Access Manager for secrets management for applications, tools, containers, and DevOps; and Endpoint Privilege Manager for least privilege and credential theft protection for workstations.

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Institutional Ownership by Quarter for Cyberark Software (NASDAQ:CYBR)

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