CyberArk Software Ltd. (NASDAQ:CYBR) Stock Position Lowered by Thematics Asset Management

Thematics Asset Management decreased its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 20.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 91,000 shares of the technology company's stock after selling 23,000 shares during the quarter. CyberArk Software comprises about 1.3% of Thematics Asset Management's holdings, making the stock its 21st largest position. Thematics Asset Management owned 0.21% of CyberArk Software worth $30,317,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CYBR. Mirova increased its stake in shares of CyberArk Software by 3.3% during the 4th quarter. Mirova now owns 8,739 shares of the technology company's stock valued at $2,911,000 after acquiring an additional 279 shares during the last quarter. MML Investors Services LLC increased its position in CyberArk Software by 16.2% during the fourth quarter. MML Investors Services LLC now owns 9,688 shares of the technology company's stock worth $3,228,000 after purchasing an additional 1,349 shares during the last quarter. MetLife Investment Management LLC raised its stake in CyberArk Software by 28.2% during the fourth quarter. MetLife Investment Management LLC now owns 5,000 shares of the technology company's stock worth $1,666,000 after purchasing an additional 1,100 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of CyberArk Software by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,684 shares of the technology company's stock valued at $2,227,000 after purchasing an additional 53 shares during the last quarter. Finally, Curi RMB Capital LLC increased its holdings in shares of CyberArk Software by 19.3% during the 4th quarter. Curi RMB Capital LLC now owns 3,165 shares of the technology company's stock worth $1,054,000 after buying an additional 511 shares during the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Stock Up 1.3 %

CYBR stock traded up $4.59 during trading on Friday, reaching $349.82. 151,189 shares of the company's stock were exchanged, compared to its average volume of 647,076. CyberArk Software Ltd. has a 1-year low of $223.41 and a 1-year high of $421.00. The firm has a market cap of $17.29 billion, a PE ratio of -179.62 and a beta of 1.00. The company's fifty day moving average price is $345.14 and its 200-day moving average price is $333.38.

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 negative net margin of 9.34% and a positive return on equity of 0.45%. As a group, sell-side analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Wells Fargo & Company upped their price target on CyberArk Software from $425.00 to $500.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Citigroup lifted their price target on shares of CyberArk Software from $410.00 to $450.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. Scotiabank boosted their price objective on shares of CyberArk Software from $340.00 to $400.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, January 21st. Morgan Stanley decreased their price target on shares of CyberArk Software from $390.00 to $380.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Finally, Stifel Nicolaus raised their price objective on CyberArk Software from $370.00 to $444.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Two investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, CyberArk Software has an average rating of "Buy" and a consensus target price of $415.18.

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.