US Bancorp DE Trims Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

US Bancorp DE reduced its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 3.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 10,906 shares of the technology company’s stock after selling 432 shares during the period. US Bancorp DE’s holdings in CyberArk Software were worth $3,633,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. HighTower Advisors LLC increased its position in CyberArk Software by 16.6% during the 3rd quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company’s stock worth $4,212,000 after purchasing an additional 2,062 shares during the period. Groupama Asset Managment increased its position in CyberArk Software by 0.5% during the 3rd quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock worth $304,000 after purchasing an additional 5,402 shares during the period. Jennison Associates LLC increased its position in CyberArk Software by 0.8% during the 3rd quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company’s stock worth $353,386,000 after purchasing an additional 9,570 shares during the period. Public Employees Retirement System of Ohio acquired a new position in CyberArk Software during the 3rd quarter worth approximately $8,612,000. Finally, CHURCHILL MANAGEMENT Corp acquired a new position in CyberArk Software during the 4th quarter worth approximately $764,000. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Stock Up 2.2 %

Shares of CyberArk Software stock opened at $361.97 on Thursday. CyberArk Software Ltd. has a fifty-two week low of $223.41 and a fifty-two week high of $421.00. The firm has a market cap of $15.77 billion, a PE ratio of -185.63 and a beta of 1.15. The business’s fifty day moving average is $363.60 and its two-hundred day moving average is $318.74.

CyberArk Software (NASDAQ:CYBR) last issued 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 positive return on equity of 0.45% and a negative net margin of 9.34%. Equities research analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Analyst Ratings Changes

Several research firms have issued reports on CYBR. Truist Financial boosted their target price on CyberArk Software from $385.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Piper Sandler boosted their target price on CyberArk Software from $380.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Wells Fargo & Company upped their price target on CyberArk Software from $425.00 to $500.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Susquehanna upped their price target on CyberArk Software from $320.00 to $345.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. Finally, JPMorgan Chase & Co. upped their price target on CyberArk Software from $375.00 to $431.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Two equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. Based on data from MarketBeat, CyberArk Software presently has a consensus rating of “Moderate Buy” and an average price target 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.