CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by Swiss National Bank

Swiss National Bank trimmed its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 7.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 119,100 shares of the technology company’s stock after selling 9,600 shares during the quarter. Swiss National Bank’s holdings in CyberArk Software were worth $39,678,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. HighTower Advisors LLC boosted its stake in CyberArk Software by 16.6% in the third quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company’s stock valued at $4,212,000 after acquiring an additional 2,062 shares in the last quarter. Groupama Asset Managment boosted its stake in CyberArk Software by 0.5% in the third quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock valued at $304,000 after acquiring an additional 5,402 shares in the last quarter. Jennison Associates LLC boosted its stake in CyberArk Software by 0.8% in the third quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company’s stock valued at $353,386,000 after acquiring an additional 9,570 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in CyberArk Software in the third quarter valued at approximately $8,612,000. Finally, CHURCHILL MANAGEMENT Corp acquired a new stake in CyberArk Software in the fourth quarter valued at approximately $764,000. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Stifel Nicolaus raised their target price on shares of CyberArk Software from $370.00 to $444.00 and gave the company a “buy” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. lifted their price objective on shares of CyberArk Software from $375.00 to $431.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Truist Financial lifted their price objective on shares of CyberArk Software from $385.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. KeyCorp lifted their price objective on shares of CyberArk Software from $400.00 to $485.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $445.00 price objective on shares of CyberArk Software in a research note on Wednesday, February 26th. Two analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $418.15.

CyberArk Software Stock Performance

CYBR opened at $339.47 on Monday. CyberArk Software Ltd. has a fifty-two week low of $223.41 and a fifty-two week high of $421.00. The company has a fifty day moving average of $363.85 and a two-hundred day moving average of $321.49. The stock has a market capitalization of $14.79 billion, a price-to-earnings ratio of -174.09 and a beta of 1.06.

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 earnings per share for the current year.

CyberArk Software 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.