Artisan Partners Limited Partnership Has $97.90 Million Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

Artisan Partners Limited Partnership decreased its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 21.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 293,857 shares of the technology company’s stock after selling 81,022 shares during the quarter. Artisan Partners Limited Partnership owned approximately 0.67% of CyberArk Software worth $97,898,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in CyberArk Software in the fourth quarter valued at approximately $25,000. TD Private Client Wealth LLC boosted its position in shares of CyberArk Software by 79.1% in the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock valued at $26,000 after acquiring an additional 34 shares during the period. Plato Investment Management Ltd acquired a new stake in CyberArk Software in the 4th quarter worth $39,000. Graney & King LLC acquired a new stake in CyberArk Software during the fourth quarter worth about $43,000. Finally, Montag A & Associates Inc. increased its position in shares of CyberArk Software by 47.2% during the fourth 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 during the period. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Stock Down 2.1 %

NASDAQ:CYBR opened at $341.21 on Friday. The company has a market cap of $16.86 billion, a P/E ratio of -174.98 and a beta of 1.06. CyberArk Software Ltd. has a twelve month low of $223.41 and a twelve month high of $421.00. The business has a 50 day moving average price of $364.49 and a two-hundred day moving average price of $325.26.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share 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, analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CYBR has been the topic of a number of analyst reports. Robert W. Baird upped their target price on shares of CyberArk Software from $455.00 to $465.00 and gave the company an “outperform” rating in a research note on Tuesday, February 25th. KeyCorp boosted their price objective on CyberArk Software from $400.00 to $485.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Needham & Company LLC restated a “buy” rating and issued a $480.00 price objective on shares of CyberArk Software in a research report on Thursday, March 20th. Guggenheim restated a “buy” rating and set a $455.00 target price on shares of CyberArk Software in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. boosted their price target on shares of CyberArk Software from $375.00 to $431.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Two research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $418.15.

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.