Sumitomo Mitsui Trust Group Inc. Sells 1,169 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Sumitomo Mitsui Trust Group Inc. lowered its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 1.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 76,900 shares of the technology company's stock after selling 1,169 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.16% of CyberArk Software worth $25,992,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CYBR. TD Private Client Wealth LLC grew 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 buying an additional 34 shares during the last quarter. Golden State Wealth Management LLC increased its position in CyberArk Software by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock valued at $26,000 after purchasing an additional 39 shares during the period. Whipplewood Advisors LLC raised its holdings in CyberArk Software by 135.3% during the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock worth $27,000 after purchasing an additional 46 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of CyberArk Software by 421.1% in the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock worth $33,000 after purchasing an additional 80 shares during the period. Finally, Plato Investment Management Ltd bought a new stake in shares of CyberArk Software in the 4th quarter valued at $39,000. Institutional investors and hedge funds own 91.84% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CYBR shares. Robert W. Baird boosted their target price on shares of CyberArk Software from $450.00 to $460.00 and gave the company an "outperform" rating in a report on Wednesday, May 14th. KeyCorp dropped 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. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $400.00 target price on shares of CyberArk Software in a research note on Tuesday, May 13th. Barclays reiterated an "overweight" rating on shares of CyberArk Software in a report on Tuesday, May 13th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $420.00 price target on shares of CyberArk Software in a report on Tuesday, May 13th. 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 stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $416.79.

CyberArk Software Stock Up 2.8%

NASDAQ CYBR traded up $10.77 during trading hours on Friday, reaching $398.69. 503,268 shares of the company were exchanged, compared to its average volume of 561,571. The stock has a market capitalization of $19.71 billion, a P/E ratio of -214.35 and a beta of 1.00. CyberArk Software Ltd. has a 1 year low of $230.00 and a 1 year high of $421.00. The business's 50 day simple moving average is $379.03 and its 200-day simple moving average is $359.58.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The technology company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.79 by $0.19. CyberArk Software had a positive return on equity of 0.71% and a negative net margin of 7.97%. The business had revenue of $317.60 million for the quarter, compared to the consensus estimate of $305.57 million. During the same quarter in the prior year, the business earned $0.75 earnings per share. CyberArk Software's revenue for the quarter was up 43.3% on a year-over-year basis. As a group, sell-side analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

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.