Handelsbanken Fonder AB Cuts Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

Handelsbanken Fonder AB trimmed its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 2.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 175,766 shares of the technology company's stock after selling 4,194 shares during the period. Handelsbanken Fonder AB owned 0.40% of CyberArk Software worth $58,556,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in CyberArk Software during the 4th quarter worth about $25,000. Montag A & Associates Inc. lifted its holdings in CyberArk Software by 47.2% during the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock worth $44,000 after buying an additional 42 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of CyberArk Software by 1,025.0% in the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company's stock valued at $39,000 after purchasing an additional 123 shares during the last quarter. Brown Lisle Cummings Inc. purchased a new stake in shares of CyberArk Software in the 4th quarter valued at about $50,000. Finally, Transcendent Capital Group LLC acquired a new stake in shares of CyberArk Software in the 3rd quarter valued at about $51,000. 91.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CYBR has been the topic of several research analyst reports. Susquehanna lifted their price target on CyberArk Software from $320.00 to $345.00 and gave the stock a "positive" rating in a research report on Thursday, November 14th. Mizuho lifted their target price on shares of CyberArk Software from $345.00 to $365.00 and gave the company an "outperform" rating in a report on Friday, December 13th. Scotiabank upped their price target on shares of CyberArk Software from $340.00 to $400.00 and gave the company a "sector outperform" rating in a research report on Tuesday, January 21st. Stifel Nicolaus upped their price objective on shares of CyberArk Software from $370.00 to $444.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Finally, Canaccord Genuity Group upped their price objective on shares of CyberArk Software from $330.00 to $440.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. 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 presently has an average rating of "Moderate Buy" and an average price target of $401.67.

CyberArk Software Stock Performance

NASDAQ CYBR traded down $17.68 during trading hours on Friday, reaching $383.29. The company's stock had a trading volume of 672,280 shares, compared to its average volume of 581,939. The stock has a market cap of $16.70 billion, a PE ratio of -196.56 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 company's 50-day moving average is $355.03 and its two-hundred day moving average is $312.10.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly 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 earnings per share for the current fiscal year.

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.