Asset Management One Co. Ltd. Sells 7,714 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Asset Management One Co. Ltd. reduced its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 13.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,823 shares of the technology company's stock after selling 7,714 shares during the period. Asset Management One Co. Ltd. owned 0.11% of CyberArk Software worth $15,343,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CYBR. Thurston Springer Miller Herd & Titak Inc. acquired a new position in CyberArk Software in the fourth quarter valued at approximately $25,000. Assetmark Inc. raised its holdings in shares of CyberArk Software by 1,025.0% during the third quarter. Assetmark Inc. now owns 135 shares of the technology company's stock valued at $39,000 after buying an additional 123 shares during the last quarter. Brown Lisle Cummings Inc. bought a new stake in shares of CyberArk Software during the fourth quarter valued at approximately $50,000. Transcendent Capital Group LLC bought a new stake in shares of CyberArk Software during the third quarter valued at approximately $51,000. Finally, Kieckhefer Group LLC bought a new stake in shares of CyberArk Software during the fourth quarter valued at approximately $67,000. 91.84% of the stock is currently owned by institutional investors and hedge funds.

CyberArk Software Stock Down 0.1 %

Shares of NASDAQ:CYBR traded down $0.59 during mid-day trading on Wednesday, reaching $409.17. 535,302 shares of the stock were exchanged, compared to its average volume of 570,747. The company has a market cap of $17.83 billion, a P/E ratio of -209.83 and a beta of 1.15. CyberArk Software Ltd. has a one year low of $223.09 and a one year high of $421.00. The stock's 50 day simple moving average is $349.78 and its 200-day simple moving average is $309.64.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) earnings per share (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%. Analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CYBR has been the topic of several recent analyst reports. DA Davidson boosted their target price on CyberArk Software from $360.00 to $390.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Citigroup lifted their price target on shares of CyberArk Software from $355.00 to $410.00 and gave the stock a "buy" rating in a research report on Friday, January 17th. Cantor Fitzgerald restated an "overweight" rating and issued a $415.00 price target on shares of CyberArk Software in a research report on Monday, January 27th. Robert W. Baird lifted their price target on shares of CyberArk Software from $355.00 to $370.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 17th. Finally, Royal Bank of Canada lifted their price target on shares of CyberArk Software from $385.00 to $410.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 21st. Two analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $401.67.

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.