IQ EQ FUND MANAGEMENT IRELAND Ltd Lowers Position in CyberArk Software Ltd. (NASDAQ:CYBR)

IQ EQ FUND MANAGEMENT IRELAND Ltd reduced its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 9.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,026 shares of the technology company’s stock after selling 1,647 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in CyberArk Software were worth $5,339,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CYBR. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of CyberArk Software by 12.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 32,180 shares of the technology company’s stock worth $10,924,000 after buying an additional 3,628 shares in the last quarter. Korea Investment CORP grew its holdings in CyberArk Software by 65.2% during the fourth quarter. Korea Investment CORP now owns 27,272 shares of the technology company’s stock worth $9,086,000 after acquiring an additional 10,760 shares during the period. Graney & King LLC acquired a new position in CyberArk Software during the fourth quarter worth $43,000. Pier Capital LLC acquired a new stake in CyberArk Software in the fourth quarter valued at $440,000. Finally, Zions Bancorporation N.A. boosted its position in shares of CyberArk Software by 18.7% during the 4th quarter. Zions Bancorporation N.A. now owns 12,435 shares of the technology company’s stock worth $4,143,000 after purchasing an additional 1,957 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CYBR shares. DA Davidson reiterated a “buy” rating and issued a $475.00 price target on shares of CyberArk Software in a report on Tuesday, February 25th. Mizuho lifted their price target on shares of CyberArk Software from $345.00 to $365.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. JPMorgan Chase & Co. boosted their price target on CyberArk Software from $375.00 to $431.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $480.00 price objective on shares of CyberArk Software in a research note on Thursday, March 20th. Finally, Wells Fargo & Company boosted their target price on CyberArk Software from $425.00 to $500.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Two research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $418.15.

CyberArk Software Trading Down 2.8 %

Shares of NASDAQ:CYBR opened at $348.42 on Thursday. The firm has a market cap of $17.22 billion, a price-to-earnings ratio of -178.68 and a beta of 1.06. The stock’s 50-day moving average price is $364.78 and its two-hundred day moving average price is $325.14. CyberArk Software Ltd. has a 12-month low of $223.41 and a 12-month high of $421.00.

CyberArk Software (NASDAQ:CYBR) last released its earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share (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%. As a group, research analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal 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.