Voya Investment Management LLC Sells 11,550,969 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Voya Investment Management LLC cut its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 92.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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’s holdings in CyberArk Software were worth $294,033,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Integrated Wealth Concepts LLC raised its stake in CyberArk Software by 428.0% during the 4th quarter. Integrated Wealth Concepts LLC now owns 8,327 shares of the technology company’s stock worth $2,774,000 after buying an additional 6,750 shares during the period. Cartenna Capital LP raised its position in shares of CyberArk Software by 139.3% during the fourth quarter. Cartenna Capital LP now owns 221,383 shares of the technology company’s stock worth $73,754,000 after purchasing an additional 128,883 shares during the period. Coppell Advisory Solutions LLC lifted its holdings in shares of CyberArk Software by 325.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 149 shares of the technology company’s stock worth $48,000 after purchasing an additional 114 shares in the last quarter. Hood River Capital Management LLC increased its stake in CyberArk Software by 0.4% during the 4th quarter. Hood River Capital Management LLC now owns 252,975 shares of the technology company’s stock valued at $84,279,000 after purchasing an additional 1,050 shares in the last quarter. Finally, Dark Forest Capital Management LP acquired a new position in CyberArk Software during the fourth quarter worth $225,000. 91.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CYBR shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $420.00 price target on shares of CyberArk Software in a research report on Friday, April 11th. Robert W. Baird lifted their price objective on shares of CyberArk Software from $455.00 to $465.00 and gave the stock an “outperform” rating in a report on Tuesday, February 25th. Wells Fargo & Company lifted their target price on shares of CyberArk Software from $425.00 to $500.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. DA Davidson decreased their price target on CyberArk Software from $475.00 to $415.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Finally, Morgan Stanley cut their price objective on CyberArk Software from $390.00 to $380.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Two analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, CyberArk Software has a consensus rating of “Buy” and a consensus target price of $412.24.

CyberArk Software Stock Performance

NASDAQ CYBR opened at $333.58 on Thursday. CyberArk Software Ltd. has a fifty-two week low of $223.41 and a fifty-two week high of $421.00. The stock has a market cap of $16.49 billion, a P/E ratio of -171.07 and a beta of 1.00. The stock has a 50 day simple moving average of $346.50 and a two-hundred day simple moving average of $332.91.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly 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 negative net margin of 9.34% and a positive return on equity of 0.45%. Sell-side analysts predict 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.