Meitav Investment House Ltd. Has $13.17 Million Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Meitav Investment House Ltd. decreased its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 65.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,590 shares of the technology company's stock after selling 76,456 shares during the quarter. Meitav Investment House Ltd. owned approximately 0.09% of CyberArk Software worth $13,170,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. TimesSquare Capital Management LLC raised its position in CyberArk Software by 4.6% in the 4th quarter. TimesSquare Capital Management LLC now owns 560,353 shares of the technology company's stock valued at $186,682,000 after purchasing an additional 24,805 shares during the last quarter. Atria Wealth Solutions Inc. raised its position in CyberArk Software by 34.8% in the 4th quarter. Atria Wealth Solutions Inc. now owns 2,481 shares of the technology company's stock valued at $827,000 after purchasing an additional 641 shares during the last quarter. Kornitzer Capital Management Inc. KS raised its position in CyberArk Software by 10.8% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 50,190 shares of the technology company's stock valued at $16,721,000 after purchasing an additional 4,890 shares during the last quarter. Venturi Wealth Management LLC raised its position in CyberArk Software by 6.9% in the 4th quarter. Venturi Wealth Management LLC now owns 805 shares of the technology company's stock valued at $268,000 after purchasing an additional 52 shares during the last quarter. Finally, Pinnbrook Capital Management LP raised its position in CyberArk Software by 21.5% in the 4th quarter. Pinnbrook Capital Management LP now owns 11,864 shares of the technology company's stock valued at $3,952,000 after purchasing an additional 2,097 shares during the last quarter. Institutional investors own 91.84% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CYBR shares. JPMorgan Chase & Co. lifted their price objective on CyberArk Software from $375.00 to $431.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. KeyCorp boosted their target price on CyberArk Software from $400.00 to $485.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. UBS Group boosted their target price on CyberArk Software from $340.00 to $360.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Canaccord Genuity Group boosted their target price on CyberArk Software from $330.00 to $440.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Finally, Susquehanna boosted their target price on CyberArk Software from $320.00 to $345.00 and gave the stock a "positive" rating in a research report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to MarketBeat.com, CyberArk Software presently has an average rating of "Moderate Buy" and a consensus target price of $401.67.

CyberArk Software Price Performance

Shares of NASDAQ CYBR traded down $17.68 during midday trading on Friday, reaching $383.29. 672,280 shares of the stock were exchanged, compared to its average volume of 581,939. The business has a 50-day simple moving average of $355.03 and a two-hundred day simple moving average of $312.10. The company has a market capitalization of $16.70 billion, a price-to-earnings ratio of -196.56 and a beta of 1.15. CyberArk Software Ltd. has a 12 month low of $223.41 and a 12 month high of $421.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share 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%. Equities research 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.