UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $134.88 Million Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 57.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. 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 approximately 0.93% of CyberArk Software worth $134,882,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Thoma Bravo L.P. bought a new stake in shares of CyberArk Software during the fourth quarter valued at approximately $380,637,000. Norges Bank acquired a new position in CyberArk Software during the 4th quarter worth $203,375,000. Nepsis Inc. boosted its position in CyberArk Software by 882.4% in the 4th quarter. Nepsis Inc. now owns 562,327 shares of the technology company's stock valued at $187,339,000 after buying an additional 505,088 shares during the last quarter. Jennison Associates LLC boosted its position in CyberArk Software by 32.3% in the 4th quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company's stock valued at $534,287,000 after buying an additional 391,900 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in CyberArk Software by 195.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 508,355 shares of the technology company's stock valued at $170,614,000 after buying an additional 336,462 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CYBR. Oppenheimer raised their price target on CyberArk Software from $360.00 to $420.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. DA Davidson raised their target price 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. Citigroup lifted their price target on shares of CyberArk Software from $410.00 to $450.00 and gave the stock a "buy" rating in a research report on Monday, March 3rd. Barclays reaffirmed an "overweight" rating on shares of CyberArk Software in a research note on Tuesday, May 13th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $445.00 target price on shares of CyberArk Software in a report on Tuesday, May 13th. Two equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $415.71.

CyberArk Software Price Performance

CYBR traded up $1.52 during trading on Tuesday, reaching $382.81. The company had a trading volume of 834,726 shares, compared to its average volume of 550,386. The company has a market cap of $18.92 billion, a P/E ratio of -196.31 and a beta of 0.99. CyberArk Software Ltd. has a 12 month low of $223.41 and a 12 month high of $421.00. The business's fifty day moving average price is $346.26 and its 200 day moving average price is $344.70.

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. The business had revenue of $317.60 million for the quarter, compared to analysts' expectations of $305.57 million. CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. The firm's revenue was up 43.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.75 EPS. As a group, sell-side analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal 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.