G2 Investment Partners Management LLC Sells 2,405 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

G2 Investment Partners Management LLC lessened its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 10.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,036 shares of the technology company's stock after selling 2,405 shares during the period. CyberArk Software comprises approximately 1.8% of G2 Investment Partners Management LLC's holdings, making the stock its 23rd largest holding. G2 Investment Partners Management LLC's holdings in CyberArk Software were worth $7,008,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Jennison Associates LLC grew its holdings in shares of CyberArk Software by 32.3% during the 4th quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company's stock worth $534,287,000 after acquiring an additional 391,900 shares during the period. First Trust Advisors LP raised its holdings in CyberArk Software by 2.3% in the fourth quarter. First Trust Advisors LP now owns 939,768 shares of the technology company's stock worth $313,084,000 after purchasing an additional 20,832 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in CyberArk Software by 8.4% during the fourth quarter. Pictet Asset Management Holding SA now owns 878,435 shares of the technology company's stock valued at $292,651,000 after buying an additional 68,359 shares during the period. Norges Bank purchased a new position in CyberArk Software during the fourth quarter valued at $203,375,000. Finally, Nepsis Inc. boosted its holdings in shares of CyberArk Software by 882.4% during 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 in the last quarter. Institutional investors own 91.84% of the company's stock.

CyberArk Software Trading Down 1.7%

NASDAQ CYBR traded down $6.37 during trading hours on Tuesday, hitting $361.29. 1,810,676 shares of the company's stock traded hands, compared to its average volume of 537,522. CyberArk Software Ltd. has a 52 week low of $223.41 and a 52 week high of $421.00. The firm has a market capitalization of $17.86 billion, a P/E ratio of -185.28 and a beta of 0.99. The business's fifty day moving average price is $340.97 and its two-hundred day moving average price is $339.30.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. On average, sell-side analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CYBR shares. Rosenblatt Securities reissued a "buy" rating and set a $445.00 price target on shares of CyberArk Software in a research report on Tuesday. Morgan Stanley reiterated an "equal weight" rating on shares of CyberArk Software in a report on Tuesday. Cantor Fitzgerald restated an "overweight" rating and issued a $400.00 price target on shares of CyberArk Software in a research note on Tuesday. Stifel Nicolaus raised their price target on CyberArk Software from $370.00 to $444.00 and gave the company a "buy" rating in a report on Friday, February 14th. Finally, Oppenheimer increased their price objective 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. Two equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $415.89.

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.