CyberArk Software Ltd. (NASDAQ:CYBR) Stake Lowered by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. reduced its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 13.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,823 shares of the technology company’s stock after selling 7,714 shares during the period. Asset Management One Co. Ltd. owned 0.11% of CyberArk Software worth $15,343,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of CyberArk Software during the 4th quarter valued at $25,000. Assetmark Inc. grew its holdings in shares of CyberArk Software by 1,025.0% during the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after acquiring an additional 123 shares in the last quarter. Brown Lisle Cummings Inc. purchased a new position in shares of CyberArk Software during the 4th quarter valued at $50,000. Transcendent Capital Group LLC purchased a new position in shares of CyberArk Software during the 3rd quarter valued at $51,000. Finally, Kieckhefer Group LLC purchased a new position in shares of CyberArk Software during the 4th quarter valued at $67,000. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

CyberArk Software Stock Down 0.2 %

NASDAQ:CYBR opened at $413.31 on Friday. CyberArk Software Ltd. has a 12-month low of $223.09 and a 12-month high of $419.49. The firm has a market capitalization of $18.01 billion, a PE ratio of 1,530.83 and a beta of 1.15. The firm has a 50-day moving average price of $347.91 and a 200 day moving average price of $308.16.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. On average, research analysts expect that CyberArk Software Ltd. will post -0.58 EPS for the current year.

Analysts Set New Price Targets

CYBR has been the subject of a number of recent research reports. Citigroup upped their price objective on shares of CyberArk Software from $355.00 to $410.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Needham & Company LLC upped their price objective on shares of CyberArk Software from $360.00 to $410.00 and gave the stock a “buy” rating in a report on Thursday, January 9th. Royal Bank of Canada upped their price objective on shares of CyberArk Software from $385.00 to $410.00 and gave the stock an “outperform” rating in a report on Tuesday, January 21st. Piper Sandler upped their price objective on shares of CyberArk Software from $380.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, JMP Securities upped their price objective on shares of CyberArk Software from $390.00 to $480.00 and gave the stock a “market outperform” rating in a report on Friday. Two research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $401.67.

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.