Y.D. More Investments Ltd Cuts Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

Y.D. More Investments Ltd lowered its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 60.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,737 shares of the technology company’s stock after selling 4,117 shares during the quarter. Y.D. More Investments Ltd’s holdings in CyberArk Software were worth $550,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CYBR. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in CyberArk Software by 6.4% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 12,810 shares of the technology company’s stock valued at $2,098,000 after buying an additional 769 shares during the period. Raymond James & Associates boosted its position in CyberArk Software by 37.9% during the 3rd quarter. Raymond James & Associates now owns 52,506 shares of the technology company’s stock valued at $8,599,000 after buying an additional 14,418 shares during the period. JB Capital LLC purchased a new stake in shares of CyberArk Software in the 3rd quarter worth about $887,000. Solstein Capital LLC lifted its position in shares of CyberArk Software by 6.2% in the 3rd quarter. Solstein Capital LLC now owns 24,106 shares of the technology company’s stock worth $3,948,000 after purchasing an additional 1,400 shares during the period. Finally, Mackenzie Financial Corp lifted its position in shares of CyberArk Software by 4.8% in the 3rd quarter. Mackenzie Financial Corp now owns 2,862 shares of the technology company’s stock worth $449,000 after purchasing an additional 131 shares during the period. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CYBR. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $300.00 target price on shares of CyberArk Software in a research report on Wednesday, April 17th. Bank of America reaffirmed a “buy” rating and issued a $315.00 target price on shares of CyberArk Software in a research report on Wednesday, April 24th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $310.00 target price on shares of CyberArk Software in a research report on Wednesday. Needham & Company LLC raised their target price on shares of CyberArk Software from $245.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Finally, Susquehanna raised their target price on shares of CyberArk Software from $255.00 to $310.00 and gave the stock a “positive” rating in a research report on Friday, February 9th. Two analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $258.96.

CyberArk Software Stock Down 3.4 %

Shares of CYBR stock opened at $229.00 on Thursday. CyberArk Software Ltd. has a 12 month low of $120.11 and a 12 month high of $283.00. The company has a 50 day simple moving average of $255.34 and a two-hundred day simple moving average of $225.39.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Thursday, February 8th. The technology company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.53. CyberArk Software had a negative net margin of 8.84% and a negative return on equity of 8.23%. The business had revenue of $223.10 million during the quarter, compared to analysts’ expectations of $209.65 million. On average, research analysts expect that CyberArk Software Ltd. will post -1.46 earnings per share for the current fiscal 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.