FMR LLC reduced its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 85.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,163,080 shares of the technology company's stock after selling 6,810,087 shares during the period. FMR LLC owned about 2.67% of CyberArk Software worth $387,480,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. HighTower Advisors LLC increased its stake in CyberArk Software by 16.6% in the third quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company's stock valued at $4,212,000 after acquiring an additional 2,062 shares during the last quarter. Quantinno Capital Management LP boosted its stake in shares of CyberArk Software by 4.9% in the 3rd quarter. Quantinno Capital Management LP now owns 1,553 shares of the technology company's stock valued at $453,000 after purchasing an additional 73 shares during the last quarter. MML Investors Services LLC raised its position in shares of CyberArk Software by 3.1% in the 3rd quarter. MML Investors Services LLC now owns 8,339 shares of the technology company's stock worth $2,432,000 after acquiring an additional 249 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of CyberArk Software by 11.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 12,190 shares of the technology company's stock worth $3,555,000 after buying an additional 1,300 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in CyberArk Software in the third quarter worth $8,612,000. 91.84% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts have commented on CYBR shares. Needham & Company LLC reissued a "buy" rating and set a $480.00 price objective on shares of CyberArk Software in a report on Thursday, March 20th. Wells Fargo & Company upped their price target on shares of CyberArk Software from $425.00 to $500.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Truist Financial decreased their price target on CyberArk Software from $450.00 to $425.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Cantor Fitzgerald restated an "overweight" rating and issued a $415.00 target price on shares of CyberArk Software in a research note on Monday, January 27th. Finally, Piper Sandler raised their price objective on CyberArk Software from $380.00 to $440.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $414.64.
Check Out Our Latest Report on CyberArk Software
CyberArk Software Price Performance
CYBR stock traded up $4.70 on Wednesday, hitting $339.03. 87,880 shares of the company were exchanged, compared to its average volume of 529,062. The stock has a market capitalization of $16.76 billion, a price-to-earnings ratio of -173.71 and a beta of 1.00. The business's fifty day moving average is $354.77 and its two-hundred day moving average is $331.43. CyberArk Software Ltd. has a twelve month low of $223.41 and a twelve month high of $421.00.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share 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 research analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current 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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