Nicholas Company Inc. Reduces Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Nicholas Company Inc. decreased its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 0.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 129,285 shares of the technology company’s stock after selling 45 shares during the period. Nicholas Company Inc. owned approximately 0.30% of CyberArk Software worth $43,071,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Glenview Trust co purchased a new stake in CyberArk Software in the fourth quarter valued at approximately $226,000. Corient Private Wealth LLC boosted its position in CyberArk Software by 16.9% in the fourth quarter. Corient Private Wealth LLC now owns 7,194 shares of the technology company’s stock valued at $2,397,000 after buying an additional 1,039 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in CyberArk Software by 16.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,274 shares of the technology company’s stock valued at $1,091,000 after buying an additional 471 shares during the last quarter. Natixis Advisors LLC boosted its position in CyberArk Software by 6.1% in the fourth quarter. Natixis Advisors LLC now owns 64,912 shares of the technology company’s stock valued at $21,625,000 after buying an additional 3,759 shares during the last quarter. Finally, Hilton Capital Management LLC boosted its position in CyberArk Software by 4.9% in the fourth quarter. Hilton Capital Management LLC now owns 7,053 shares of the technology company’s stock valued at $2,350,000 after buying an additional 327 shares during the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Performance

Shares of CyberArk Software stock opened at $339.47 on Friday. The firm has a fifty day moving average of $363.85 and a two-hundred day moving average of $321.20. The stock has a market capitalization of $14.79 billion, a price-to-earnings ratio of -174.09 and a beta of 1.06. CyberArk Software Ltd. has a 52 week low of $223.41 and a 52 week high of $421.00.

CyberArk Software (NASDAQ:CYBR) last released 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 negative net margin of 9.34% and a positive return on equity of 0.45%. As a group, research analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Morgan Stanley boosted their price target on CyberArk Software from $316.00 to $390.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Guggenheim reaffirmed a “buy” rating and set a $455.00 target price on shares of CyberArk Software in a research note on Tuesday, February 25th. Rosenblatt Securities reaffirmed a “buy” rating and set a $445.00 target price on shares of CyberArk Software in a research note on Wednesday, February 26th. Stifel Nicolaus increased their price objective on CyberArk Software from $370.00 to $444.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $415.00 price objective on shares of CyberArk Software in a research note on Monday, January 27th. Two research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $418.15.

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.