AMI Asset Management Corp Cuts Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

AMI Asset Management Corp cut its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 46.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,767 shares of the technology company’s stock after selling 13,553 shares during the period. AMI Asset Management Corp’s holdings in CyberArk Software were worth $4,188,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Congress Asset Management Co. MA increased its position in shares of CyberArk Software by 29.3% in the 1st quarter. Congress Asset Management Co. MA now owns 50,097 shares of the technology company’s stock valued at $13,307,000 after purchasing an additional 11,345 shares during the last quarter. Contour Asset Management LLC purchased a new stake in shares of CyberArk Software in the 4th quarter valued at approximately $48,605,000. Virtu Financial LLC increased its position in shares of CyberArk Software by 356.2% in the 4th quarter. Virtu Financial LLC now owns 9,508 shares of the technology company’s stock valued at $2,083,000 after purchasing an additional 7,424 shares during the last quarter. KBC Group NV purchased a new stake in shares of CyberArk Software in the 4th quarter valued at approximately $6,021,000. Finally, Benjamin F. Edwards & Company Inc. purchased a new stake in shares of CyberArk Software in the 4th quarter valued at approximately $290,000. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Stock Performance

Shares of CYBR traded up $0.43 during trading hours on Thursday, reaching $271.08. The company had a trading volume of 287,845 shares, compared to its average volume of 535,279. The firm has a 50 day simple moving average of $245.77 and a 200-day simple moving average of $244.88. CyberArk Software Ltd. has a 12-month low of $142.92 and a 12-month high of $283.00.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.51) by $0.67. The business had revenue of $221.55 million during the quarter, compared to the consensus estimate of $213.42 million. CyberArk Software had a negative net margin of 3.20% and a negative return on equity of 2.51%. Equities research analysts predict that CyberArk Software Ltd. will post -1.24 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CYBR. Guggenheim restated a “buy” rating and issued a $300.00 target price on shares of CyberArk Software in a report on Tuesday, June 25th. Needham & Company LLC restated a “buy” rating and issued a $310.00 target price on shares of CyberArk Software in a report on Monday, May 20th. Rosenblatt Securities restated a “buy” rating and issued a $310.00 target price on shares of CyberArk Software in a report on Wednesday, May 1st. Wedbush restated an “outperform” rating and issued a $285.00 target price on shares of CyberArk Software in a report on Friday, May 3rd. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $300.00 target price on shares of CyberArk Software in a report on Friday, June 21st. Two research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat, CyberArk Software currently has an average rating of “Moderate Buy” and an average price target of $275.00.

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.