Cresset Asset Management LLC Decreases Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

Cresset Asset Management LLC cut its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 36.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,679 shares of the technology company's stock after selling 2,108 shares during the period. Cresset Asset Management LLC's holdings in CyberArk Software were worth $1,226,000 at the end of the most recent quarter.

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

CyberArk Software Stock Up 0.1%

CYBR stock traded up $0.29 during trading on Thursday, hitting $355.05. The company had a trading volume of 861,950 shares, compared to its average volume of 541,878. CyberArk Software Ltd. has a 1-year low of $223.41 and a 1-year high of $421.00. The firm has a 50-day moving average price of $341.83 and a 200-day moving average price of $339.56. The firm has a market cap of $17.55 billion, a PE ratio of -182.08 and a beta of 0.99.

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

Analyst Upgrades and Downgrades

CYBR has been the topic of a number of recent research reports. KeyCorp lowered their price objective on CyberArk Software from $485.00 to $425.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Royal Bank of Canada reiterated an "outperform" rating and set a $420.00 price target on shares of CyberArk Software in a report on Tuesday. Canaccord Genuity Group boosted their target price on CyberArk Software from $330.00 to $440.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Stifel Nicolaus raised their target price on CyberArk Software from $370.00 to $444.00 and gave the company a "buy" rating in a report on Friday, February 14th. Finally, Scotiabank boosted their price target on shares of CyberArk Software from $340.00 to $400.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, January 21st. Two investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, CyberArk Software presently has an average rating of "Moderate Buy" and a consensus target price of $415.71.

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.