JPMorgan Chase & Co. Cuts Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

JPMorgan Chase & Co. lessened its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 88.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 568,597 shares of the technology company's stock after selling 4,182,711 shares during the period. JPMorgan Chase & Co. owned approximately 1.31% of CyberArk Software worth $189,428,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of CyberArk Software in the fourth quarter valued at $25,000. TD Private Client Wealth LLC raised its position in CyberArk Software by 79.1% in the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock valued at $26,000 after purchasing an additional 34 shares in the last quarter. Plato Investment Management Ltd purchased a new position in shares of CyberArk Software in the 4th quarter valued at about $39,000. Graney & King LLC acquired a new position in shares of CyberArk Software during the fourth quarter worth about $43,000. Finally, Montag A & Associates Inc. increased its stake in shares of CyberArk Software by 47.2% during the fourth 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 period. Institutional investors and hedge funds own 91.84% of the company's stock.

CyberArk Software Stock Down 6.6 %

CYBR traded down $21.50 on Friday, hitting $306.46. 914,137 shares of the company traded hands, compared to its average volume of 513,495. CyberArk Software Ltd. has a 12-month low of $223.41 and a 12-month high of $421.00. The company has a 50 day moving average of $361.79 and a 200-day moving average of $328.40. The stock has a market capitalization of $15.15 billion, a PE ratio of -157.16 and a beta of 1.06.

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CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings results 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 positive return on equity of 0.45% and a negative net margin of 9.34%. On average, research analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Mizuho lifted their price target on shares of CyberArk Software from $345.00 to $365.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. Citigroup lifted their price objective on shares of CyberArk Software from $410.00 to $450.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. DA Davidson reiterated a "buy" rating and set a $475.00 target price on shares of CyberArk Software in a research note on Tuesday, February 25th. KeyCorp raised their price target on CyberArk Software from $400.00 to $485.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Finally, Stifel Nicolaus upped their price objective on CyberArk Software from $370.00 to $444.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Two equities research 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 stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $418.04.

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.