DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Reduces Position in CyberArk Software Ltd. (NASDAQ:CYBR)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lessened its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 94.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,386 shares of the technology company's stock after selling 249,073 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in CyberArk Software were worth $4,793,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of CYBR. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of CyberArk Software during the 4th quarter valued at $764,000. China Universal Asset Management Co. Ltd. acquired a new position in CyberArk Software during the 4th quarter valued at about $1,166,000. Spire Wealth Management boosted its stake in CyberArk Software by 236.8% during the 4th quarter. Spire Wealth Management now owns 4,756 shares of the technology company's stock valued at $1,584,000 after purchasing an additional 3,344 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of CyberArk Software by 9.7% in the 4th quarter. Geneos Wealth Management Inc. now owns 11,576 shares of the technology company's stock worth $3,857,000 after buying an additional 1,024 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its stake in shares of CyberArk Software by 27.7% in the 4th quarter. Park Avenue Securities LLC now owns 4,092 shares of the technology company's stock worth $1,363,000 after buying an additional 887 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company's stock.

CyberArk Software Stock Performance

Shares of NASDAQ:CYBR traded up $0.31 during trading on Thursday, reaching $355.07. 512,069 shares of the stock traded hands, compared to its average volume of 540,589. The stock has a 50-day moving average of $341.83 and a two-hundred day moving average of $339.56. CyberArk Software Ltd. has a 52-week low of $223.41 and a 52-week high of $421.00. The stock has a market cap of $17.55 billion, a P/E ratio of -182.08 and a beta of 0.99.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its earnings results 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 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 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Roth Capital assumed coverage on CyberArk Software in a research note on Tuesday. They issued a "buy" rating and a $415.00 target price on the stock. Truist Financial dropped their price objective on CyberArk Software from $450.00 to $425.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Scotiabank upped their price objective on CyberArk Software from $340.00 to $400.00 and gave the company a "sector outperform" rating in a research note on Tuesday, January 21st. Guggenheim reiterated a "buy" rating and issued a $455.00 price objective on shares of CyberArk Software in a research note on Tuesday, February 25th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $400.00 price objective on shares of CyberArk Software in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target 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.