Trillium Asset Management LLC reduced its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,626 shares of the technology company's stock after selling 1,898 shares during the quarter. Trillium Asset Management LLC owned 0.10% of CyberArk Software worth $13,867,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in CyberArk Software during the fourth quarter worth about $25,000. Plato Investment Management Ltd acquired a new position in CyberArk Software during the fourth quarter worth about $39,000. Montag A & Associates Inc. grew its position in 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. Assetmark Inc. grew its position in CyberArk Software by 1,025.0% during the third quarter. Assetmark Inc. now owns 135 shares of the technology company's stock worth $39,000 after buying an additional 123 shares during the period. Finally, Brown Lisle Cummings Inc. acquired a new position in CyberArk Software during the fourth quarter worth about $50,000. 91.84% of the stock is currently owned by institutional investors and hedge funds.
CyberArk Software Trading Up 1.4 %
Shares of CYBR traded up $5.00 during mid-day trading on Friday, reaching $351.76. The company had a trading volume of 440,241 shares, compared to its average volume of 493,708. The stock has a market cap of $17.39 billion, a price-to-earnings ratio of -180.39 and a beta of 1.06. The firm has a fifty day simple moving average of $364.16 and a 200-day simple moving average of $323.42. CyberArk Software Ltd. has a fifty-two week low of $223.41 and a fifty-two week high of $421.00.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its earnings results on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates 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, equities analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on CYBR. Stifel Nicolaus raised their price objective on shares of CyberArk Software from $370.00 to $444.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Needham & Company LLC reissued a "buy" rating and set a $480.00 price objective on shares of CyberArk Software in a research note on Thursday. Oppenheimer raised their price objective on shares of CyberArk Software from $360.00 to $420.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 5th. Rosenblatt Securities reissued a "buy" rating and set a $445.00 price objective on shares of CyberArk Software in a research note on Wednesday, February 26th. Finally, Canaccord Genuity Group raised their price objective on shares of CyberArk Software from $330.00 to $440.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat.com, CyberArk Software currently has an average rating of "Moderate Buy" and a consensus target price of $418.15.
Check Out Our Latest Stock Analysis on CYBR
About CyberArk Software
(
Free Report)
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.
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