Primecap Management Co. CA Has $20.37 Million Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Primecap Management Co. CA lowered its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,130 shares of the technology company's stock after selling 720 shares during the quarter. Primecap Management Co. CA owned about 0.14% of CyberArk Software worth $20,365,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Tocqueville Asset Management L.P. increased its position in CyberArk Software by 7.3% in the 4th quarter. Tocqueville Asset Management L.P. now owns 22,520 shares of the technology company's stock valued at $7,503,000 after acquiring an additional 1,540 shares during the period. Signaturefd LLC increased its holdings in shares of CyberArk Software by 6.1% during the fourth quarter. Signaturefd LLC now owns 1,279 shares of the technology company's stock valued at $426,000 after purchasing an additional 73 shares during the period. Glenview Trust co bought a new stake in shares of CyberArk Software during the fourth quarter valued at about $226,000. Corient Private Wealth LLC lifted its holdings in CyberArk Software by 16.9% in the fourth quarter. Corient Private Wealth LLC now owns 7,194 shares of the technology company's stock worth $2,397,000 after purchasing an additional 1,039 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its position in CyberArk Software by 16.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,274 shares of the technology company's stock valued at $1,091,000 after buying an additional 471 shares in the last quarter. Institutional investors own 91.84% of the company's stock.

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CyberArk Software Stock Performance

Shares of NASDAQ CYBR traded down $0.76 during mid-day trading on Monday, reaching $351.00. The company had a trading volume of 643,112 shares, compared to its average volume of 495,135. CyberArk Software Ltd. has a twelve month low of $223.41 and a twelve month high of $421.00. The stock's 50 day moving average is $364.16 and its 200-day moving average is $323.75. The stock has a market capitalization of $17.35 billion, a PE ratio of -180.00 and a beta of 1.06.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued 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%. On average, sell-side analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Analysts Set New Price Targets

CYBR has been the topic of a number of recent analyst reports. Oppenheimer boosted their price target on shares of CyberArk Software from $360.00 to $420.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 5th. 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 report on Friday, February 14th. Barclays increased their price target on CyberArk Software from $375.00 to $450.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. KeyCorp raised their target price on shares of CyberArk Software from $400.00 to $485.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $480.00 price target on shares of CyberArk Software in a report on Thursday. Two investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $418.15.

About CyberArk Software

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.