Praesidium Investment Management Company LLC Reduces Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

Praesidium Investment Management Company LLC cut its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 7.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 185,136 shares of the technology company's stock after selling 14,073 shares during the period. CyberArk Software accounts for about 10.3% of Praesidium Investment Management Company LLC's investment portfolio, making the stock its 4th biggest position. Praesidium Investment Management Company LLC owned approximately 0.42% of CyberArk Software worth $61,678,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

CYBR has been the subject of a number of analyst reports. Stifel Nicolaus boosted their price objective on shares of CyberArk Software from $370.00 to $444.00 and gave the company a "buy" rating in a report on Friday, February 14th. Needham & Company LLC restated a "buy" rating and set a $480.00 price objective on shares of CyberArk Software in a report on Thursday, March 20th. KeyCorp reduced their price target on shares of CyberArk Software from $485.00 to $425.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Robert W. Baird upped their price target on shares of CyberArk Software from $450.00 to $460.00 and gave the company an "outperform" rating in a report on Wednesday. Finally, JPMorgan Chase & Co. upped their price target on shares of CyberArk Software from $375.00 to $431.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $415.71.

CyberArk Software Price Performance

NASDAQ CYBR traded down $0.05 on Friday, hitting $355.00. 667,570 shares of the stock were exchanged, compared to its average volume of 543,032. The business's fifty day moving average is $343.15 and its 200 day moving average is $340.90. CyberArk Software Ltd. has a 52 week low of $223.41 and a 52 week high of $421.00. The company has a market capitalization of $17.55 billion, a PE ratio of -182.05 and a beta of 0.99.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The technology company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.19. CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. The firm had revenue of $317.60 million for the quarter, compared to analyst estimates of $305.57 million. During the same period in the prior year, the firm posted $0.75 earnings per share. The company's quarterly revenue was up 43.3% compared to the same quarter last year. Analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

About CyberArk Software

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.