Axa S.A. Has $48.35 Million Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

AXA S.A. trimmed its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 7.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 145,142 shares of the technology company's stock after selling 12,168 shares during the period. AXA S.A. owned approximately 0.33% of CyberArk Software worth $48,354,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of CyberArk Software in the 4th quarter valued at about $25,000. TD Private Client Wealth LLC raised its stake in CyberArk Software by 79.1% in the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock valued at $26,000 after acquiring an additional 34 shares during the period. Plato Investment Management Ltd acquired a new stake in CyberArk Software during the 4th quarter valued at $39,000. Graney & King LLC bought a new position in CyberArk Software during the fourth quarter worth $43,000. Finally, Montag A & Associates Inc. raised its holdings in CyberArk Software by 47.2% in the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock valued at $44,000 after acquiring an additional 42 shares during the period. 91.84% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Stock Performance

Shares of NASDAQ:CYBR traded down $0.99 during midday trading on Wednesday, hitting $361.09. 389,890 shares of the stock were exchanged, compared to its average volume of 528,597. The business's 50-day moving average price is $340.60 and its 200 day moving average price is $337.08. CyberArk Software Ltd. has a 12 month low of $223.41 and a 12 month high of $421.00. The stock has a market capitalization of $17.85 billion, a price-to-earnings ratio of -185.17 and a beta of 0.99.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its 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%. As a group, sell-side analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CYBR. Robert W. Baird upped their target price on CyberArk Software from $455.00 to $465.00 and gave the company an "outperform" rating in a research report on Tuesday, February 25th. Cantor Fitzgerald reissued an "overweight" rating and set a $400.00 target price on shares of CyberArk Software in a report on Thursday, April 24th. Rosenblatt Securities restated a "buy" rating and issued a $445.00 price target on shares of CyberArk Software in a research note on Wednesday, February 26th. JPMorgan Chase & Co. lifted their price objective 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. Finally, Morgan Stanley lowered their price objective on CyberArk Software from $390.00 to $380.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Two equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $415.18.

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.