Arrowstreet Capital Limited Partnership Sells 96,215 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Arrowstreet Capital Limited Partnership lessened its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 15.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 527,069 shares of the technology company's stock after selling 96,215 shares during the period. Arrowstreet Capital Limited Partnership owned about 1.21% of CyberArk Software worth $175,593,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Allianz SE bought a new stake in CyberArk Software in the fourth quarter valued at approximately $703,000. DnB Asset Management AS lifted its position in shares of CyberArk Software by 1.5% in the 4th quarter. DnB Asset Management AS now owns 6,538 shares of the technology company's stock worth $2,178,000 after purchasing an additional 97 shares during the period. Level Four Advisory Services LLC boosted its stake in shares of CyberArk Software by 9.2% in the 4th quarter. Level Four Advisory Services LLC now owns 5,916 shares of the technology company's stock valued at $1,971,000 after purchasing an additional 497 shares during the last quarter. Orion Portfolio Solutions LLC increased its position in shares of CyberArk Software by 1.2% during the fourth quarter. Orion Portfolio Solutions LLC now owns 9,553 shares of the technology company's stock worth $3,183,000 after buying an additional 114 shares during the period. Finally, Pictet Asset Management Holding SA increased its position in shares of CyberArk Software by 8.4% during the fourth quarter. Pictet Asset Management Holding SA now owns 878,435 shares of the technology company's stock worth $292,651,000 after buying an additional 68,359 shares during the period. Institutional investors and hedge funds own 91.84% of the company's stock.

CyberArk Software Trading Down 6.6 %

CyberArk Software stock traded down $21.50 during trading on Friday, hitting $306.46. 914,137 shares of the company were exchanged, compared to its average volume of 512,840. The company has a market capitalization of $15.15 billion, a P/E ratio of -157.16 and a beta of 1.06. The business's 50 day moving average is $361.79 and its 200 day moving average is $328.02. CyberArk Software Ltd. has a 52 week low of $223.41 and a 52 week high of $421.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Equities analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CYBR shares. Canaccord Genuity Group upped their price target on shares of CyberArk Software from $330.00 to $440.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Piper Sandler upped their target price on CyberArk Software from $380.00 to $440.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Guggenheim reiterated a "buy" rating and issued a $455.00 target price on shares of CyberArk Software in a report on Tuesday, February 25th. Robert W. Baird boosted their price target on CyberArk Software from $455.00 to $465.00 and gave the company an "outperform" rating in a research note on Tuesday, February 25th. Finally, Wells Fargo & Company raised their price objective on shares of CyberArk Software from $425.00 to $500.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Two research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $418.04.

CyberArk Software Company 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.