CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC lowered its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 409,805 shares of the technology company’s stock after selling 10,221 shares during the period. CyberArk Software accounts for 1.8% of Stephens Investment Management Group LLC’s holdings, making the stock its largest holding. Stephens Investment Management Group LLC’s holdings in CyberArk Software were worth $136,527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of CYBR. HighTower Advisors LLC raised its holdings in CyberArk Software by 16.6% in the 3rd 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 shares of CyberArk Software by 0.5% during the third quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock valued at $304,000 after acquiring an additional 5,402 shares during the last quarter. Jennison Associates LLC raised its stake in shares of CyberArk Software by 0.8% during the third quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company’s stock valued at $353,386,000 after acquiring an additional 9,570 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of CyberArk Software during the third quarter worth $8,612,000. Finally, International Assets Investment Management LLC bought a new stake in shares of CyberArk Software in the third quarter worth $82,485,000. Institutional investors own 91.84% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on CYBR shares. JPMorgan Chase & Co. lifted their target price on CyberArk Software from $355.00 to $375.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Piper Sandler lifted their price objective on CyberArk Software from $380.00 to $440.00 and gave the stock an “overweight” rating in a research note on Thursday. Citigroup increased their target price on shares of CyberArk Software from $355.00 to $410.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Cantor Fitzgerald restated an “overweight” rating and issued a $415.00 price target on shares of CyberArk Software in a research report on Monday, January 27th. Finally, Needham & Company LLC increased their price objective on shares of CyberArk Software from $360.00 to $410.00 and gave the stock a “buy” rating in a research report on Thursday, January 9th. One equities research analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $371.89.

CyberArk Software Trading Up 0.4 %

Shares of CyberArk Software stock opened at $384.29 on Friday. The company has a market capitalization of $16.74 billion, a P/E ratio of 1,423.35 and a beta of 1.15. The stock has a fifty day simple moving average of $340.76 and a 200 day simple moving average of $303.05. CyberArk Software Ltd. has a 12-month low of $223.09 and a 12-month high of $391.45.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.46 by $0.48. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The company had revenue of $240.10 million during the quarter, compared to the consensus estimate of $234.10 million. During the same quarter in the prior year, the company posted ($0.31) earnings per share. The firm’s revenue for the quarter was up 25.6% on a year-over-year basis. On average, analysts predict that CyberArk Software Ltd. will post -0.58 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.