On September 19, 2023, it was announced that Y.D. More Investments Ltd. had purchased a new stake in CyberArk Software Ltd. (NASDAQ:CYBR) during the second quarter of the year. According to the company’s recent 13F filing with the Securities and Exchange Commission (SEC), this well-known fund acquired 1,005 shares of CyberArk Software’s stock, valued at approximately $157,000.
CyberArk Software is a technology company that specializes in developing, marketing, and selling software-based security solutions and services. Operating in multiple regions across the globe, including the United States, Israel, Europe, the Middle East, Africa, and the United Kingdom, CyberArk offers a range of solutions designed to protect against cyber threats.
One of their flagship products is Privileged Access Manager. This solution provides risk-based credential security and session management to safeguard against attacks involving privileged access. By implementing advanced security measures for privileged accounts, organizations can mitigate risks posed by unauthorized access or misuse.
In addition to Privileged Access Manager, CyberArk also offers Vendor Privileged Access Manager. This solution combines Privileged Access Manager with Remote Access functionality to provide secure privileged access for third-party vendors. By streamlining and securing vendor access procedures, organizations can ensure that external parties only have appropriate privileges when interacting with sensitive systems or data.
Another important product from CyberArk is Endpoint Privilege Manager. This software-as-a-service (SaaS) solution focuses on securing privileges on endpoint devices such as laptops and desktops. By enforcing strong controls over administrator rights and limiting potential vulnerabilities associated with excessive privileges on endpoints, organizations can significantly strengthen their overall security posture.
Furthermore, CyberArk provides Cloud Entitlements Manager as a SaaS offering. Excessive privileges within cloud computing environments can lead to increased security risks. Cloud Entitlements Manager helps address this challenge by implementing a least privilege approach across various cloud platforms, reducing the likelihood of unauthorized access or potential exploitation.
Despite the negative net margin of 17.55% and a negative return on equity of 15.40% reported during its most recent quarterly earnings release on August 10th, CyberArk Software managed to beat the consensus estimates for earnings per share. The company reported ($0.58) EPS for the quarter, surpassing the consensus estimate of ($0.86) by $0.28. Additionally, CyberArk Software generated $175.84 million in revenue for the same period, exceeding market predictions of $173.20 million.
Looking ahead, equities research analysts project that CyberArk Software Ltd. will post -2.37 EPS for the current fiscal year. As cyber threats continue to evolve and grow in sophistication, organizations are increasingly turning to software-based security solutions like those offered by CyberArk Software to safeguard sensitive data and protect against potential breaches.
With its diverse range of solutions catered to different aspects of cybersecurity, such as privileged access management and endpoint protection, CyberArk Software remains well-positioned in a constantly evolving industry landscape where robust security measures are essential for businesses worldwide.
Halozyme Therapeutics, Inc.
HALO
Strong Buy
Updated on: 27/09/2023
Financial Health
Very Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Strong Buy
Institutional Investors and Hedge Funds Show Strong Confidence in CyberArk Software’s Growth Potential
September 19, 2023 – Institutional Investors and Hedge Funds Showcase Strong Support for CyberArk Software
In recent months, a number of institutional investors and hedge funds have been actively modifying their holdings in CyberArk Software, a leading technology company. These strategic moves are indicative of the growing confidence in the company’s potential and its ability to generate returns for its shareholders.
One notable investor in CyberArk Software is Raymond James & Associates, which has increased its stake in the company by 15.6% during the first quarter of this year. The firm now owns 12,520 shares of the technology company’s stock, worth approximately $2,113,000 after acquiring an additional 1,691 shares during the period.
Similarly, Raymond James Financial Services Advisors Inc. has demonstrated a strong belief in CyberArk Software by increasing its holdings by 86.5% in the first quarter. The firm now owns 7,837 shares valued at $1,322,000 after purchasing an additional 3,634 shares.
PNC Financial Services Group Inc., another prominent institutional investor in CyberArk Software, has also shown its confidence in the company by increasing its holdings by 29.8% during the first quarter. With an additional purchase of 678 shares, PNC Financial Services Group Inc. now holds 2,956 shares worth approximately $498,000.
Additionally, Yousif Capital Management LLC recently entered into a new position with CyberArk Software during the first quarter. This move signifies Yousif Capital Management LLC’s commitment to investing around $293,000 into the technology company.
British Columbia Investment Management Corp has also joined the league of institutional investors with an increased stake amounting to 16.8% during the first quarter. With an extra purchase of 200 shares worth $235,000¸ BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now holds a total of 1,390 shares in CyberArk Software.
These strategic moves from various institutional investors and hedge funds demonstrate their confidence in CyberArk Software’s growth prospects. As of now, these financial institutions and funds own approximately 92.14% of the company’s stock, highlighting the strong support from the institutional side.
On September 19, 2023, CYBR opened at $170.95 on the stock market. The company consistently maintained a healthy current ratio of 2.25 and a quick ratio of 2.25 to ensure its liquidity levels remain stable. With a debt-to-equity ratio of 0.83, CyberArk Software has maintained a balanced financing structure.
Throughout its trading history, the company’s stock price has displayed resilience with a fifty-two week low of $113.19 and a fifty-two week high of $171.95, showcasing moderate volatility yet consistent upward momentum.
Over the past few months, several analyst reports have shed light on CyberArk Software’s potential for growth in the market. For instance, Oppenheimer raised their target price for the company from $180.00 to $195.00 and assigned an “outperform” rating to it on August 11th.
Cantor Fitzgerald also reconfirmed their belief in CyberArk Software by reissuing an “overweight” rating while setting a target price of $180.00 on July 18th.
Furthermore, StockNews.com initiated coverage on CyberArk Software and gave it a “hold” rating on August 17th.
JPMorgan Chase & Co., which is known for providing reliable financial analysis insights, lifted their price target on CyberArk Software from $175.00 to $182.00 while assigning it a “neutral” rating on August 11th.
Barclays also chimed in by upgrading their price objective for CyberArk Software from $178.00 to $180.00 with an “overweight” rating on August 11th.
In total, CyberArk Software has garnered positive attention from a majority of analysts, with four equities research analysts giving it a hold rating and twenty issuing a buy rating. According to Bloomberg, the average rating for the stock is “Moderate Buy” with a consensus target price of $184.22.
In conclusion, the recent modifications in holdings by institutional investors and hedge funds demonstrate their belief in CyberArk Software’s continued success. With strong support and positive analyst reports, the company is well-positioned to capitalize on its growth potential in the technology sector.
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