CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC trimmed its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 92.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 882,584 shares of the technology company's stock after selling 11,550,969 shares during the quarter. Voya Investment Management LLC owned approximately 2.03% of CyberArk Software worth $294,033,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in CYBR. Thurston Springer Miller Herd & Titak Inc. acquired a new position in CyberArk Software during the fourth quarter worth $25,000. TD Private Client Wealth LLC increased its position in shares of CyberArk Software by 79.1% during the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock worth $26,000 after purchasing an additional 34 shares in the last quarter. Plato Investment Management Ltd purchased a new position in CyberArk Software in the 4th quarter valued at $39,000. Graney & King LLC acquired a new stake in CyberArk Software during the 4th quarter worth $43,000. Finally, Montag A & Associates Inc. grew its holdings in shares of CyberArk Software by 47.2% during the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock worth $44,000 after buying an additional 42 shares in the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Trading Up 1.7 %

Shares of CYBR stock traded up $5.94 on Tuesday, reaching $353.04. 165,540 shares of the stock were exchanged, compared to its average volume of 535,357. The company has a market capitalization of $17.45 billion, a price-to-earnings ratio of -181.19 and a beta of 1.00. The business's 50 day moving average price is $342.69 and its 200 day moving average price is $334.80. 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 announced its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.71 by ($0.85). CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. Equities research analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on CYBR shares. Needham & Company LLC reiterated a "buy" rating and issued a $480.00 price objective on shares of CyberArk Software in a report on Thursday, March 20th. StockNews.com cut CyberArk Software from a "buy" rating to a "hold" rating in a report on Friday, February 21st. KeyCorp lowered their price target on shares of CyberArk Software from $485.00 to $425.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Roth Capital initiated coverage on shares of CyberArk Software in a research note on Wednesday, April 23rd. They set a "buy" rating and a $415.00 target price on the stock. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $445.00 price target on shares of CyberArk Software in a research report on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $415.18.

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.