JARISLOWSKY FRASER Ltd Has $46.86 Million Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

JARISLOWSKY FRASER Ltd lessened its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 140,653 shares of the technology company's stock after selling 5,244 shares during the period. JARISLOWSKY FRASER Ltd owned approximately 0.32% of CyberArk Software worth $46,859,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in CYBR. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of CyberArk Software during the 4th quarter worth approximately $25,000. TD Private Client Wealth LLC lifted its stake in 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 purchasing an additional 34 shares during the last quarter. Plato Investment Management Ltd bought a new position in CyberArk Software in the 4th quarter valued at approximately $39,000. Graney & King LLC bought a new position in CyberArk Software in the 4th quarter valued at approximately $43,000. Finally, Montag A & Associates Inc. lifted its stake in CyberArk Software by 47.2% in the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock valued at $44,000 after purchasing an additional 42 shares during the last quarter. Institutional investors own 91.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CYBR. Morgan Stanley reissued an "equal weight" rating on shares of CyberArk Software in a research note on Tuesday. Canaccord Genuity Group increased their price objective on shares of CyberArk Software from $330.00 to $440.00 and gave the company a "buy" rating in a research note on Friday, February 14th. 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 note on Wednesday, February 5th. Scotiabank increased their price objective on shares of CyberArk Software from $340.00 to $400.00 and gave the company a "sector outperform" rating in a research note on Tuesday, January 21st. Finally, Piper Sandler upped their price target on shares of CyberArk Software from $380.00 to $440.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, CyberArk Software currently has a consensus rating of "Moderate Buy" and an average price target of $415.71.

CyberArk Software Stock Down 1.8%

NASDAQ:CYBR traded down $6.53 during trading hours on Wednesday, reaching $354.76. The company had a trading volume of 1,148,185 shares, compared to its average volume of 540,597. The firm has a market cap of $17.53 billion, a price-to-earnings ratio of -181.93 and a beta of 0.99. The business's 50-day simple moving average is $341.83 and its two-hundred day simple moving average is $339.56. CyberArk Software Ltd. has a twelve month low of $223.41 and a twelve month high of $421.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates 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%. As a group, equities analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

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.