Atika Capital Management LLC cut its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 17.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,500 shares of the technology company's stock after selling 9,500 shares during the period. CyberArk Software makes up approximately 1.6% of Atika Capital Management LLC's investment portfolio, making the stock its 13th largest holding. Atika Capital Management LLC owned 0.10% of CyberArk Software worth $15,158,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its stake in shares of CyberArk Software by 11.7% in the 4th quarter. Russell Investments Group Ltd. now owns 29,451 shares of the technology company's stock valued at $9,810,000 after purchasing an additional 3,089 shares during the period. Envestnet Asset Management Inc. raised its position in CyberArk Software by 8.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 145,253 shares of the technology company's stock valued at $48,391,000 after buying an additional 11,841 shares during the last quarter. Pamalican Asset Management Ltd bought a new stake in CyberArk Software in the 4th quarter valued at approximately $9,994,000. Prudential PLC acquired a new position in CyberArk Software during the 4th quarter worth approximately $415,000. Finally, Atlas Capital Advisors Inc. bought a new position in shares of CyberArk Software during the 4th quarter worth approximately $1,899,000. 91.84% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on CYBR. Mizuho boosted their price objective on shares of CyberArk Software from $345.00 to $365.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. Stephens started coverage on shares of CyberArk Software in a research note on Tuesday, April 1st. They set an "overweight" rating and a $440.00 price objective for the company. Morgan Stanley assumed coverage on CyberArk Software in a report on Tuesday, March 18th. They issued an "equal weight" rating for the company. Royal Bank of Canada reiterated an "outperform" rating and set a $420.00 target price on shares of CyberArk Software in a report on Friday. Finally, Canaccord Genuity Group raised their price target on CyberArk Software from $330.00 to $440.00 and gave the company a "buy" rating in a research note 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $418.39.
View Our Latest Analysis on CyberArk Software
CyberArk Software Price Performance
NASDAQ:CYBR traded up $4.32 during trading hours on Friday, reaching $346.54. 372,008 shares of the company were exchanged, compared to its average volume of 525,654. The business has a 50 day moving average of $357.01 and a 200 day moving average of $330.22. CyberArk Software Ltd. has a 1-year low of $223.41 and a 1-year high of $421.00. The company has a market capitalization of $17.13 billion, a P/E ratio of -177.68 and a beta of 1.00.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) EPS 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, equities research analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.
CyberArk Software Company Profile
(
Free Report)
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.
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