Meitav Investment House Ltd. Lowers Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Meitav Investment House Ltd. cut its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 65.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,590 shares of the technology company’s stock after selling 76,456 shares during the quarter. Meitav Investment House Ltd.’s holdings in CyberArk Software were worth $13,170,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of CyberArk Software during the 4th quarter worth about $25,000. Montag A & Associates Inc. raised its stake in 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 purchasing an additional 42 shares during the period. Assetmark Inc. raised its stake in CyberArk Software by 1,025.0% during the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after purchasing an additional 123 shares during the period. Brown Lisle Cummings Inc. acquired a new position in shares of CyberArk Software in the 4th quarter valued at $50,000. Finally, Transcendent Capital Group LLC purchased a new stake in shares of CyberArk Software during the 3rd quarter valued at $51,000. 91.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. StockNews.com lowered CyberArk Software from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. Needham & Company LLC boosted their target price on CyberArk Software from $360.00 to $410.00 and gave the stock a “buy” rating in a report on Thursday, January 9th. JPMorgan Chase & Co. raised their price target on shares of CyberArk Software from $375.00 to $431.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Robert W. Baird boosted their price objective on shares of CyberArk Software from $355.00 to $370.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th. Finally, DA Davidson raised their target price on shares of CyberArk Software from $360.00 to $390.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Two analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. Based on data from MarketBeat.com, CyberArk Software presently has a consensus rating of “Moderate Buy” and a consensus target price of $401.67.

CyberArk Software Stock Performance

NASDAQ:CYBR opened at $409.17 on Thursday. The company has a market capitalization of $17.83 billion, a price-to-earnings ratio of -209.83 and a beta of 1.15. CyberArk Software Ltd. has a one year low of $223.09 and a one year high of $421.00. The stock has a 50-day simple moving average of $353.44 and a 200 day simple moving average of $311.47.

CyberArk Software (NASDAQ:CYBR) last released its 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%. On average, equities research analysts forecast 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.