CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by Swiss National Bank

Swiss National Bank lowered its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 7.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,100 shares of the technology company's stock after selling 9,600 shares during the quarter. Swiss National Bank owned about 0.27% of CyberArk Software worth $39,678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. HighTower Advisors LLC raised 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 buying an additional 2,062 shares during the last quarter. Groupama Asset Managment raised its stake in CyberArk Software by 0.5% in the third quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company's stock valued at $304,000 after buying an additional 5,402 shares during the last quarter. Jennison Associates LLC raised its stake in shares of CyberArk Software by 0.8% in the third quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company's stock worth $353,386,000 after purchasing an additional 9,570 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of CyberArk Software in the third quarter worth about $8,612,000. Finally, CHURCHILL MANAGEMENT Corp purchased a new position in shares of CyberArk Software in the fourth quarter worth about $764,000. Institutional investors own 91.84% of the company's stock.

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Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CYBR. Oppenheimer raised their price objective on CyberArk Software from $360.00 to $420.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 5th. Cantor Fitzgerald restated an "overweight" rating and issued a $415.00 price objective on shares of CyberArk Software in a research note on Monday, January 27th. Royal Bank of Canada raised their target price on CyberArk Software from $385.00 to $410.00 and gave the stock an "outperform" rating in a report on Tuesday, January 21st. DA Davidson reaffirmed a "buy" rating and set a $475.00 target price on shares of CyberArk Software in a report on Tuesday, February 25th. Finally, Stifel Nicolaus raised their target price on CyberArk Software from $370.00 to $444.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Two investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $418.15.

CyberArk Software Trading Down 0.5 %

CYBR traded down $1.59 on Thursday, hitting $346.76. 325,513 shares of the company were exchanged, compared to its average volume of 493,503. CyberArk Software Ltd. has a twelve month low of $223.41 and a twelve month high of $421.00. The company has a market cap of $17.14 billion, a price-to-earnings ratio of -177.83 and a beta of 1.06. The firm has a 50-day moving average price of $363.96 and a two-hundred day moving average price of $322.50.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its 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%. Equities analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current year.

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.