Swiss National Bank Sells 4,500 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Swiss National Bank decreased its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 3.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 130,600 shares of the technology company’s stock after selling 4,500 shares during the period. Swiss National Bank owned about 0.32% of CyberArk Software worth $28,608,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. lifted its position in shares of CyberArk Software by 62.1% during the 3rd quarter. Assetmark Inc. now owns 248 shares of the technology company’s stock worth $41,000 after buying an additional 95 shares during the period. Desjardins Global Asset Management Inc. grew its position in CyberArk Software by 22.1% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 282 shares of the technology company’s stock worth $62,000 after acquiring an additional 51 shares during the last quarter. Headlands Technologies LLC acquired a new stake in CyberArk Software during the 3rd quarter valued at $84,000. Blue Trust Inc. raised its position in CyberArk Software by 20.6% in the 4th quarter. Blue Trust Inc. now owns 562 shares of the technology company’s stock valued at $123,000 after purchasing an additional 96 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in CyberArk Software by 14.9% in the fourth quarter. Pacer Advisors Inc. now owns 564 shares of the technology company’s stock worth $124,000 after purchasing an additional 73 shares in the last quarter. 91.84% of the stock is owned by institutional investors.

CyberArk Software Price Performance

CYBR stock opened at $234.88 on Thursday. The business has a 50-day moving average of $253.01 and a 200-day moving average of $227.72. CyberArk Software Ltd. has a fifty-two week low of $133.84 and a fifty-two week high of $283.00. The stock has a market capitalization of $9.92 billion, a P/E ratio of -367.00 and a beta of 1.06.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Thursday, February 8th. The technology company reported $0.19 earnings per share for the quarter, topping the consensus estimate of ($0.34) by $0.53. The company had revenue of $223.10 million during the quarter, compared to analysts’ expectations of $209.65 million. CyberArk Software had a negative net margin of 3.20% and a negative return on equity of 2.51%. Equities analysts expect that CyberArk Software Ltd. will post -1.46 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CYBR. Mizuho upped their price target on shares of CyberArk Software from $250.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Rosenblatt Securities reaffirmed a “buy” rating and set a $310.00 price objective on shares of CyberArk Software in a report on Wednesday, May 1st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $300.00 price objective on shares of CyberArk Software in a research report on Friday, May 3rd. JMP Securities boosted their target price on CyberArk Software from $195.00 to $280.00 and gave the stock a “market outperform” rating in a research report on Wednesday, January 31st. Finally, Citigroup raised their price target on CyberArk Software from $215.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Two investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $265.63.

CyberArk Software Company 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.