CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 11.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 205,997 shares of the technology company's stock after selling 26,087 shares during the period. Bank of New York Mellon Corp owned approximately 0.47% of CyberArk Software worth $68,628,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in CYBR. IFP Advisors Inc boosted its stake in CyberArk Software by 12.7% during the fourth quarter. IFP Advisors Inc now owns 487 shares of the technology company's stock worth $162,000 after buying an additional 55 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of CyberArk Software by 28.9% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 14,235 shares of the technology company's stock valued at $4,742,000 after buying an additional 3,188 shares in the last quarter. Sigma Planning Corp purchased a new stake in shares of CyberArk Software in the 4th quarter valued at $222,000. VisionPoint Advisory Group LLC grew its position in CyberArk Software by 18.8% in the 4th quarter. VisionPoint Advisory Group LLC now owns 6,673 shares of the technology company's stock valued at $2,240,000 after acquiring an additional 1,057 shares in the last quarter. Finally, Crumly & Associates Inc. lifted its position in shares of CyberArk Software by 7.0% during the fourth quarter. Crumly & Associates Inc. now owns 1,802 shares of the technology company's stock worth $600,000 after purchasing an additional 118 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CYBR shares. Stifel Nicolaus increased their target price on shares of CyberArk Software from $370.00 to $444.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Morgan Stanley upped their price target on CyberArk Software from $316.00 to $390.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. Mizuho lifted their price objective on CyberArk Software from $345.00 to $365.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. Royal Bank of Canada upped their target price on shares of CyberArk Software from $385.00 to $410.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 21st. Finally, DA Davidson reiterated a "buy" rating and set a $475.00 price target on shares of CyberArk Software in a report on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company's stock. According to MarketBeat, CyberArk Software presently has an average rating of "Moderate Buy" and a consensus target price of $418.15.

CyberArk Software Stock Performance

CyberArk Software stock traded down $3.41 during midday trading on Friday, reaching $334.28. The company's stock had a trading volume of 470,289 shares, compared to its average volume of 488,584. The firm has a market capitalization of $14.57 billion, a PE ratio of -171.66 and a beta of 1.15. CyberArk Software Ltd. has a fifty-two week low of $223.41 and a fifty-two week high of $421.00. The stock's 50 day simple moving average is $363.90 and its 200 day simple moving average is $318.88.

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

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.