CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. trimmed its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 8.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 377,760 shares of the technology company's stock after selling 33,946 shares during the period. Ameriprise Financial Inc. owned 0.87% of CyberArk Software worth $125,835,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in CyberArk Software in the 4th quarter valued at about $203,375,000. Nepsis Inc. boosted its holdings in shares of CyberArk Software by 882.4% during the fourth quarter. Nepsis Inc. now owns 562,327 shares of the technology company's stock worth $187,339,000 after purchasing an additional 505,088 shares during the last quarter. Jennison Associates LLC grew its position in shares of CyberArk Software by 32.3% in the fourth quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company's stock valued at $534,287,000 after purchasing an additional 391,900 shares during the period. Allspring Global Investments Holdings LLC increased its stake in CyberArk Software by 195.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 508,355 shares of the technology company's stock valued at $170,614,000 after purchasing an additional 336,462 shares during the last quarter. Finally, Alyeska Investment Group L.P. purchased a new position in CyberArk Software during the fourth quarter worth about $72,842,000. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

CyberArk Software Price Performance

CYBR traded down $5.42 during trading hours on Friday, hitting $359.04. 661,033 shares of the stock were exchanged, compared to its average volume of 530,099. The stock has a 50-day simple moving average of $340.85 and a 200-day simple moving average of $338.44. CyberArk Software Ltd. has a 12 month low of $223.41 and a 12 month high of $421.00. The stock has a market cap of $17.75 billion, a price-to-earnings ratio of -184.12 and a beta of 0.99.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) earnings per share for the quarter, missing the consensus estimate 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%. Sell-side analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CYBR shares. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $400.00 price objective on shares of CyberArk Software in a research note on Thursday, April 24th. Royal Bank of Canada reiterated an "outperform" rating and issued a $420.00 target price on shares of CyberArk Software in a report on Friday, April 11th. Guggenheim restated a "buy" rating and issued a $455.00 price target on shares of CyberArk Software in a report on Tuesday, February 25th. Barclays decreased their price objective on shares of CyberArk Software from $450.00 to $405.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Finally, Scotiabank lifted their target price on shares of CyberArk Software from $340.00 to $400.00 and gave the company a "sector outperform" rating in a report on Tuesday, January 21st. Two analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, CyberArk Software has a consensus rating of "Buy" and an average target price of $415.18.

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.