Grantham Mayo Van Otterloo & Co. LLC Purchases Shares of 52,718 CyberArk Software Ltd. $CYBR

Grantham Mayo Van Otterloo & Co. LLC purchased a new stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 52,718 shares of the technology company’s stock, valued at approximately $25,471,000. Grantham Mayo Van Otterloo & Co. LLC owned about 0.10% of CyberArk Software as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Sheets Smith Wealth Management grew its position in CyberArk Software by 0.7% during the third quarter. Sheets Smith Wealth Management now owns 3,141 shares of the technology company’s stock valued at $1,518,000 after buying an additional 23 shares during the period. Portside Wealth Group LLC increased its holdings in 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 buying an additional 23 shares during the last quarter. Signal Advisors Wealth LLC raised its position in CyberArk Software by 0.6% in the third 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 period. Level Four Advisory Services LLC raised its position in CyberArk Software by 0.6% in the third quarter. Level Four Advisory Services LLC now owns 3,884 shares of the technology company’s stock worth $1,877,000 after acquiring an additional 25 shares during the period. Finally, UMB Bank n.a. boosted its stake in shares of CyberArk Software by 50.0% during 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. Institutional investors own 91.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CYBR. Mizuho cut their price objective on shares of CyberArk Software from $520.00 to $470.00 and set an “outperform” rating for the company in a research report on Thursday, February 5th. Barclays decreased their target price 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. JPMorgan Chase & Co. lowered their target price on CyberArk Software from $474.00 to $425.00 and set a “neutral” rating on the stock in a research report on Monday, February 9th. DA Davidson boosted their price target on CyberArk Software from $518.00 to $573.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of CyberArk Software in a research report on Thursday, January 29th. 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 given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $459.95.

CyberArk Software Stock Performance

Shares of NASDAQ CYBR opened at $408.85 on Monday. The stock 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. CyberArk Software Ltd. has a 1 year low of $288.63 and a 1 year high of $526.19. The firm has a fifty day moving average price of $428.09 and a 200-day moving average price of $459.70. 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 (NASDAQ:CYBR) last released its earnings results on Wednesday, February 4th. The technology company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.18. The company had revenue of $372.65 million for the quarter, compared to analysts’ expectations 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 for the quarter was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.80 EPS. Equities 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.