KBC Group NV Trims Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

KBC Group NV lowered its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,659 shares of the technology company’s stock after selling 1,704 shares during the period. KBC Group NV owned approximately 0.11% of CyberArk Software worth $15,544,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. HighTower Advisors LLC lifted its position in CyberArk Software by 16.6% during the third quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company’s stock valued at $4,212,000 after purchasing an additional 2,062 shares during the period. Sycomore Asset Management lifted its holdings in shares of CyberArk Software by 36.6% in the 2nd quarter. Sycomore Asset Management now owns 60,781 shares of the technology company’s stock valued at $15,973,000 after buying an additional 16,294 shares during the period. Groupama Asset Managment boosted its stake in shares of CyberArk Software by 0.5% in the third 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. Jennison Associates LLC grew its holdings in CyberArk Software by 0.8% during the third quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company’s stock worth $353,386,000 after acquiring an additional 9,570 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in CyberArk Software during the third quarter valued at approximately $8,612,000. Institutional investors and hedge funds own 91.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Scotiabank raised their price objective on shares of CyberArk Software from $340.00 to $400.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, January 21st. Oppenheimer lifted their price objective on shares of CyberArk Software from $310.00 to $360.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Piper Sandler increased their target price on shares of CyberArk Software from $345.00 to $380.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Wells Fargo & Company lifted their price target on CyberArk Software from $410.00 to $425.00 and gave the company an “overweight” rating in a research note on Monday. Finally, BTIG Research increased their price target on CyberArk Software from $310.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $363.56.

CyberArk Software Stock Up 4.5 %

CYBR opened at $375.50 on Wednesday. The firm has a market cap of $16.36 billion, a P/E ratio of 1,390.79 and a beta of 1.13. The business’s fifty day simple moving average is $332.21 and its 200 day simple moving average is $297.43. CyberArk Software Ltd. has a 52 week low of $223.09 and a 52 week high of $375.86.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.48. The business had revenue of $240.10 million during the quarter, compared to analyst estimates of $234.10 million. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The company’s revenue was up 25.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.31) earnings per share. As a group, equities analysts expect that CyberArk Software Ltd. will post -0.58 EPS 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.