Mechanics Financial Corp Cuts Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Mechanics Financial Corp reduced its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 38.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 80 shares of the technology company’s stock after selling 50 shares during the period. Mechanics Financial Corp’s holdings in CyberArk Software were worth $27,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CYBR. HighTower Advisors LLC boosted its holdings in CyberArk Software by 16.6% during the third quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company’s stock worth $4,212,000 after buying an additional 2,062 shares in the last quarter. Groupama Asset Managment raised its stake in shares of CyberArk Software by 0.5% during the 3rd quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock worth $304,000 after buying an additional 5,402 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of CyberArk Software during the 3rd quarter worth $8,612,000. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of CyberArk Software in the 4th quarter worth about $764,000. Finally, China Universal Asset Management Co. Ltd. acquired a new stake in CyberArk Software in the 4th quarter valued at about $1,166,000. 91.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Canaccord Genuity Group lifted their target price on shares of CyberArk Software from $330.00 to $440.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Barclays lifted their price objective on CyberArk Software from $375.00 to $450.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Citigroup increased their target price on CyberArk Software from $410.00 to $450.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Cantor Fitzgerald reissued an “overweight” rating and issued a $415.00 price target on shares of CyberArk Software in a report on Monday, January 27th. Finally, JMP Securities increased their price objective on CyberArk Software from $390.00 to $480.00 and gave the company a “market outperform” rating in a research note on Friday, February 14th. Two investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to MarketBeat, CyberArk Software currently has an average rating of “Moderate Buy” and an average price target of $418.15.

CyberArk Software Price Performance

NASDAQ CYBR opened at $335.74 on Friday. The business’s 50-day simple moving average is $364.16 and its 200-day simple moving average is $325.78. The firm has a market capitalization of $16.59 billion, a P/E ratio of -172.17 and a beta of 1.06. CyberArk Software Ltd. has a 1-year low of $223.41 and a 1-year high of $421.00.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data 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%. On average, equities research analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

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.