Bank of Montreal Can Sells 2,727 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Bank of Montreal Can decreased its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 11.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,934 shares of the technology company’s stock after selling 2,727 shares during the period. Bank of Montreal Can owned approximately 0.05% of CyberArk Software worth $7,307,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CYBR. Cerity Partners LLC raised its stake in shares of CyberArk Software by 0.7% in the 4th quarter. Cerity Partners LLC now owns 53,118 shares of the technology company’s stock valued at $17,159,000 after purchasing an additional 373 shares during the period. Federated Hermes Inc. raised its position in CyberArk Software by 6.7% in the 4th quarter. Federated Hermes Inc. now owns 314,031 shares of the technology company’s stock valued at $104,619,000 after buying an additional 19,837 shares during the last quarter. MIG Capital LLC bought a new stake in CyberArk Software in the 4th quarter valued at approximately $354,000. Russell Investments Group Ltd. boosted its position in CyberArk Software by 11.7% during the 4th quarter. Russell Investments Group Ltd. now owns 29,451 shares of the technology company’s stock worth $9,810,000 after acquiring an additional 3,089 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of CyberArk Software by 8.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 145,253 shares of the technology company’s stock worth $48,391,000 after acquiring an additional 11,841 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

CyberArk Software Stock Performance

Shares of NASDAQ CYBR opened at $349.44 on Monday. CyberArk Software Ltd. has a 52 week low of $223.41 and a 52 week high of $421.00. The stock’s fifty day moving average is $356.48 and its 200 day moving average is $330.98. The stock has a market capitalization of $17.27 billion, a P/E ratio of -179.20 and a beta of 1.00.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing the consensus estimate 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%. Equities research analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CYBR shares. DA Davidson reaffirmed a “buy” rating and issued a $475.00 target price on shares of CyberArk Software in a research report on Tuesday, February 25th. JMP Securities lifted their target price on CyberArk Software from $390.00 to $480.00 and gave the company a “market outperform” rating in a research report on Friday, February 14th. Royal Bank of Canada reissued an “outperform” rating and set a $420.00 price target on shares of CyberArk Software in a research report on Friday. Canaccord Genuity Group boosted their price target on CyberArk Software from $330.00 to $440.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, Wells Fargo & Company increased their price objective on CyberArk Software from $425.00 to $500.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Two analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, CyberArk Software presently has a consensus rating of “Moderate Buy” and an average target price of $418.39.

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.