Wells Fargo & Company MN reduced its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 44.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 102,659 shares of the technology company's stock after selling 83,560 shares during the period. Wells Fargo & Company MN owned 0.24% of CyberArk Software worth $34,201,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of CYBR. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of CyberArk Software in the 4th quarter valued at approximately $25,000. TD Private Client Wealth LLC raised its holdings in shares of CyberArk Software by 79.1% in the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock worth $26,000 after buying an additional 34 shares in the last quarter. Plato Investment Management Ltd bought a new position in shares of CyberArk Software during the fourth quarter valued at $39,000. Graney & King LLC bought a new stake in CyberArk Software during the fourth quarter worth about $43,000. Finally, Montag A & Associates Inc. increased its holdings in CyberArk Software by 47.2% during the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock valued at $44,000 after purchasing an additional 42 shares in the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts have recently commented on CYBR shares. Stifel Nicolaus increased their price target on shares of CyberArk Software from $370.00 to $444.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Barclays cut their price objective on CyberArk Software from $450.00 to $405.00 and set an "overweight" rating on the stock in a report on Monday. KeyCorp upped their price objective on CyberArk Software from $400.00 to $485.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Needham & Company LLC reiterated a "buy" rating and set a $480.00 price objective on shares of CyberArk Software in a report on Thursday, March 20th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $445.00 target price on shares of CyberArk Software in a research note on Wednesday, February 26th. Two equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $414.64.
Check Out Our Latest Report on CYBR
CyberArk Software Stock Up 1.1 %
Shares of CyberArk Software stock traded up $3.78 on Wednesday, hitting $338.11. The stock had a trading volume of 87,880 shares, compared to its average volume of 529,062. The stock has a market cap of $16.71 billion, a price-to-earnings ratio of -173.71 and a beta of 1.00. CyberArk Software Ltd. has a twelve month low of $223.41 and a twelve month high of $421.00. The business's 50 day moving average is $354.77 and its two-hundred day moving average is $331.43.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings data 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 earnings per share for the current fiscal year.
CyberArk Software Profile
(
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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