BNP Paribas Financial Markets Sells 12,563,636 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

BNP Paribas Financial Markets lowered its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 99.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,711 shares of the technology company's stock after selling 12,563,636 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.08% of CyberArk Software worth $11,897,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CYBR. Nordea Investment Management AB boosted its stake in CyberArk Software by 7.9% in the 4th quarter. Nordea Investment Management AB now owns 3,024 shares of the technology company's stock worth $993,000 after purchasing an additional 221 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in CyberArk Software by 4.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,105 shares of the technology company's stock worth $701,000 after buying an additional 90 shares during the period. Brookstone Capital Management bought a new position in CyberArk Software in the 4th quarter worth about $202,000. Kieckhefer Group LLC purchased a new position in shares of CyberArk Software during the fourth quarter valued at $67,000. Finally, Assenagon Asset Management S.A. increased its stake in shares of CyberArk Software by 749.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 20,068 shares of the technology company's stock valued at $6,686,000 after buying an additional 17,705 shares during the period. Hedge funds and other institutional investors own 91.84% of the company's stock.

CyberArk Software Stock Down 1.8%

NASDAQ:CYBR traded down $6.53 during mid-day trading on Wednesday, hitting $354.76. 1,148,185 shares of the stock traded hands, compared to its average volume of 540,597. CyberArk Software Ltd. has a 12-month low of $223.41 and a 12-month high of $421.00. The company has a market cap of $17.53 billion, a PE ratio of -181.93 and a beta of 0.99. The business's 50-day moving average price is $341.44 and its 200 day moving average price is $339.45.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings data 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%. Analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CYBR has been the topic of a number of recent research reports. Wells Fargo & Company raised their price objective on CyberArk Software from $425.00 to $500.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Stephens assumed coverage on CyberArk Software in a report on Tuesday, April 1st. They issued an "overweight" rating and a $440.00 price target for the company. Citigroup raised their price target on CyberArk Software from $410.00 to $450.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. JMP Securities lifted their target price on CyberArk Software from $390.00 to $480.00 and gave the stock a "market outperform" rating in a report on Friday, February 14th. Finally, Oppenheimer lifted their price target on CyberArk Software from $360.00 to $420.00 and gave the company an "outperform" rating in a research report on Wednesday, February 5th. Two equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $415.71.

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.