UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 57.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 404,870 shares of the technology company’s stock after selling 544,065 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.93% of CyberArk Software worth $134,882,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. USS Investment Management Ltd lifted its position in CyberArk Software by 9.2% during the fourth quarter. USS Investment Management Ltd now owns 8,350 shares of the technology company’s stock valued at $2,784,000 after purchasing an additional 705 shares during the last quarter. Vident Advisory LLC raised its stake in shares of CyberArk Software by 31.9% in the fourth quarter. Vident Advisory LLC now owns 54,266 shares of the technology company’s stock valued at $18,079,000 after acquiring an additional 13,134 shares during the period. Spyglass Capital Management LLC purchased a new stake in CyberArk Software in the 4th quarter worth about $38,719,000. Thoma Bravo L.P. bought a new stake in CyberArk Software in the fourth quarter worth about $380,637,000. Finally, Snowden Capital Advisors LLC purchased a new position in CyberArk Software during the 4th quarter valued at $239,000. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. upped their target price 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. Morgan Stanley reissued an “equal weight” rating on shares of CyberArk Software in a report on Tuesday, May 13th. Wall Street Zen lowered shares of CyberArk Software from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Canaccord Genuity Group raised their price objective 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, Piper Sandler upped their target price on CyberArk Software from $380.00 to $440.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Two analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $415.71.

CyberArk Software Stock Up 2.0%

Shares of CyberArk Software stock opened at $381.29 on Friday. CyberArk Software Ltd. has a 52-week low of $223.41 and a 52-week high of $421.00. The company has a 50 day moving average of $345.60 and a 200 day moving average of $343.42. The company has a market capitalization of $18.85 billion, a P/E ratio of -195.53 and a beta of 0.99.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Tuesday, May 13th. The technology company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.19. The business had revenue of $317.60 million for the quarter, compared to analyst estimates of $305.57 million. CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. The business’s quarterly revenue was up 43.3% on a year-over-year basis. During the same quarter last year, the company earned $0.75 EPS. As a group, research analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

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.