American Century Companies Inc. Reduces Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

American Century Companies Inc. lessened its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 30.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 310,359 shares of the technology company's stock after selling 133,212 shares during the period. American Century Companies Inc. owned approximately 0.71% of CyberArk Software worth $103,396,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nepsis Inc. grew its holdings in CyberArk Software by 882.4% in the fourth quarter. Nepsis Inc. now owns 562,327 shares of the technology company's stock valued at $187,339,000 after purchasing an additional 505,088 shares during the last quarter. Jennison Associates LLC increased its holdings in CyberArk Software by 32.3% during the 4th quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company's stock valued at $534,287,000 after acquiring an additional 391,900 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in CyberArk Software by 195.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 508,355 shares of the technology company's stock worth $170,614,000 after acquiring an additional 336,462 shares during the last quarter. Swedbank AB lifted its holdings in shares of CyberArk Software by 19.0% in the fourth quarter. Swedbank AB now owns 545,100 shares of the technology company's stock valued at $181,600,000 after purchasing an additional 87,201 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd grew its position in shares of CyberArk Software by 138.8% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 143,252 shares of the technology company's stock valued at $47,724,000 after purchasing an additional 83,252 shares during the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

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CyberArk Software Trading Down 2.1 %

NASDAQ:CYBR traded down $7.21 during mid-day trading on Thursday, hitting $341.21. The company had a trading volume of 264,593 shares, compared to its average volume of 494,768. The business has a fifty day simple moving average of $364.49 and a 200-day simple moving average of $325.26. The firm has a market capitalization of $16.86 billion, a price-to-earnings ratio of -174.98 and a beta of 1.06. CyberArk Software Ltd. has a 1 year low of $223.41 and a 1 year high of $421.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of $0.71 by ($0.85). CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. As a group, research analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Scotiabank upped their target price on CyberArk Software from $340.00 to $400.00 and gave the company a "sector outperform" rating in a research note on Tuesday, January 21st. JMP Securities boosted their price target on CyberArk Software from $390.00 to $480.00 and gave the stock a "market outperform" rating in a report on Friday, February 14th. Needham & Company LLC reaffirmed a "buy" rating and set a $480.00 price objective on shares of CyberArk Software in a research note on Thursday, March 20th. Royal Bank of Canada lifted their price objective on CyberArk Software from $385.00 to $410.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 21st. Finally, Morgan Stanley began coverage on shares of CyberArk Software in a report on Tuesday, March 18th. They issued an "equal weight" rating on the stock. Two equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to data from MarketBeat, CyberArk Software has an average rating of "Moderate Buy" and an average target price of $418.15.

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.