Asset Management One Co. Ltd. Sells 7,714 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

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 its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,823 shares of the technology company’s stock after selling 7,714 shares during the quarter. Asset Management One Co. Ltd.’s holdings in CyberArk Software were worth $15,343,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Jennison Associates LLC grew its stake in shares of CyberArk Software by 32.3% during the fourth quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company’s stock valued at $534,287,000 after purchasing an additional 391,900 shares during the last quarter. Groupama Asset Managment grew 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 purchasing an additional 5,402 shares during the last quarter. Nepsis Inc. grew its stake in shares of CyberArk Software by 882.4% during the fourth quarter. Nepsis Inc. now owns 562,327 shares of the technology company’s stock valued at $187,339,000 after purchasing an additional 505,088 shares during the last quarter. Swedbank AB grew its stake in shares of CyberArk Software by 19.0% during the fourth quarter. Swedbank AB now owns 545,100 shares of the technology company’s stock valued at $181,600,000 after purchasing an additional 87,201 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of CyberArk Software by 195.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 508,355 shares of the technology company’s stock valued at $170,614,000 after purchasing an additional 336,462 shares during the last quarter. 91.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CYBR shares. Piper Sandler increased their price target on shares of CyberArk Software from $380.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Needham & Company LLC raised their price objective on shares of CyberArk Software from $360.00 to $410.00 and gave the company a “buy” rating in a research note on Thursday, January 9th. KeyCorp raised their price objective on shares of CyberArk Software from $400.00 to $485.00 and gave the company an “overweight” rating in a research note on Friday. Stifel Nicolaus raised their price objective on shares of CyberArk Software from $370.00 to $444.00 and gave the company a “buy” rating in a research note on Friday. Finally, Barclays raised their price objective on shares of CyberArk Software from $375.00 to $450.00 and gave the company an “overweight” rating in a research note on Friday. Two investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $401.67.

CyberArk Software Trading Down 0.2 %

Shares of CYBR stock opened at $413.31 on Friday. CyberArk Software Ltd. has a 1 year low of $223.09 and a 1 year high of $419.49. The firm’s fifty day moving average price is $347.91 and its two-hundred day moving average price is $308.16. The firm has a market capitalization of $18.01 billion, a P/E ratio of 1,530.83 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBR) last announced 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 net margin of 1.38% and a return on equity of 2.29%. As a group, equities research analysts forecast that CyberArk Software Ltd. will post -0.58 EPS for the current fiscal 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.