Handelsbanken Fonder AB trimmed its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 4.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 167,566 shares of the technology company's stock after selling 8,200 shares during the period. Handelsbanken Fonder AB owned about 0.34% of CyberArk Software worth $56,637,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in CYBR. TD Private Client Wealth LLC lifted its position in shares of 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 in the last quarter. Whipplewood Advisors LLC grew its stake in CyberArk Software by 135.3% in the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock valued at $27,000 after buying an additional 46 shares during the last quarter. Plato Investment Management Ltd acquired a new position in CyberArk Software in the 4th quarter valued at $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. increased its holdings 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 purchasing an additional 42 shares during the period. Hedge funds and other institutional investors own 91.84% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on CYBR. Barclays reiterated an "overweight" rating on shares of CyberArk Software in a research report on Tuesday, May 13th. JPMorgan Chase & Co. lifted their target price on shares of CyberArk Software from $375.00 to $431.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Royal Bank of Canada reissued an "outperform" rating and set a $420.00 price target on shares of CyberArk Software in a report on Tuesday, May 13th. DA Davidson lifted their price target on shares of CyberArk Software from $415.00 to $435.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. Finally, Wall Street Zen downgraded shares of CyberArk Software from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Two equities research 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's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $415.71.
View Our Latest Report on CYBR
CyberArk Software Trading Down 0.1%
Shares of CYBR traded down $0.48 on Wednesday, reaching $395.59. 482,127 shares of the company's stock were exchanged, compared to its average volume of 554,391. The stock has a market capitalization of $19.55 billion, a P/E ratio of -202.87 and a beta of 0.99. The business has a 50 day moving average price of $356.34 and a two-hundred day moving average price of $350.76. CyberArk Software Ltd. has a 12 month low of $230.00 and a 12 month high of $421.00.
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 for the quarter, topping analysts' consensus estimates of $0.79 by $0.19. The business had revenue of $317.60 million during the quarter, compared to the consensus estimate of $305.57 million. CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. CyberArk Software's revenue for the quarter was up 43.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.75 earnings per share. Equities research analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current year.
CyberArk Software Profile
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Free Report)
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.
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