UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 57.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 404,870 shares of the technology company's stock after selling 544,065 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.93% of CyberArk Software worth $134,882,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. bought a new stake in shares of CyberArk Software in the 4th quarter worth approximately $1,166,000. Spire Wealth Management grew its stake in CyberArk Software by 236.8% in the 4th quarter. Spire Wealth Management now owns 4,756 shares of the technology company's stock valued at $1,584,000 after buying an additional 3,344 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in CyberArk Software by 9.7% in the 4th quarter. Geneos Wealth Management Inc. now owns 11,576 shares of the technology company's stock valued at $3,857,000 after buying an additional 1,024 shares in the last quarter. Van ECK Associates Corp grew its stake in CyberArk Software by 6.1% in the 4th quarter. Van ECK Associates Corp now owns 17,870 shares of the technology company's stock valued at $5,953,000 after buying an additional 1,035 shares in the last quarter. Finally, Alta Wealth Advisors LLC purchased a new position in CyberArk Software in the 4th quarter valued at approximately $507,000. Institutional investors own 91.84% of the company's stock.

CyberArk Software Stock Performance

Shares of NASDAQ CYBR traded down $4.03 during midday trading on Thursday, hitting $377.17. 135,948 shares of the stock traded hands, compared to its average volume of 550,099. The firm has a market capitalization of $18.64 billion, a P/E ratio of -193.30 and a beta of 0.99. CyberArk Software Ltd. has a one year low of $223.41 and a one year high of $421.00. The firm has a 50-day moving average of $347.57 and a two-hundred day moving average of $345.22.

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, topping the consensus estimate of $0.79 by $0.19. The firm had revenue of $317.60 million during the quarter, compared to analyst estimates of $305.57 million. CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. CyberArk Software's revenue was up 43.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.75 EPS. Equities analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. DA Davidson lifted their price objective on shares of CyberArk Software from $415.00 to $435.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Oppenheimer boosted their price target on shares of CyberArk Software from $360.00 to $420.00 and gave the company an "outperform" rating in a research report on Wednesday, February 5th. KeyCorp cut their target price on shares of CyberArk Software from $485.00 to $425.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Morgan Stanley reiterated an "equal weight" rating on shares of CyberArk Software in a research report on Tuesday, May 13th. Finally, Barclays restated an "overweight" rating on shares of CyberArk Software in a research report on Tuesday, May 13th. Two investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, CyberArk Software presently has an average rating of "Moderate Buy" and a consensus target price of $415.71.

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.