Swiss National Bank Cuts Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Swiss National Bank lessened its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 7.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 119,100 shares of the technology company’s stock after selling 9,600 shares during the period. Swiss National Bank owned 0.27% of CyberArk Software worth $39,678,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. HighTower Advisors LLC boosted its holdings in shares of CyberArk Software by 16.6% during the 3rd 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 last quarter. Groupama Asset Managment boosted its holdings 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 valued at $304,000 after purchasing an additional 5,402 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of CyberArk Software by 0.8% during the 3rd quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company’s stock valued at $353,386,000 after purchasing an additional 9,570 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of CyberArk Software during the 3rd quarter valued at about $8,612,000. Finally, CHURCHILL MANAGEMENT Corp bought a new position in shares of CyberArk Software during the 4th quarter valued at about $764,000. Institutional investors own 91.84% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Needham & Company LLC reissued a “buy” rating and set a $480.00 price objective on shares of CyberArk Software in a report on Wednesday, February 26th. Wells Fargo & Company increased their price target on shares of CyberArk Software from $425.00 to $500.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Canaccord Genuity Group increased their price target on shares of CyberArk Software from $330.00 to $440.00 and gave the company a “buy” rating in a report on Friday, February 14th. Morgan Stanley increased their price target on shares of CyberArk Software from $316.00 to $390.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Finally, Barclays increased their price target on shares of CyberArk Software from $375.00 to $450.00 and gave the company an “overweight” rating in a report 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’s stock. According to MarketBeat.com, CyberArk Software currently has a consensus rating of “Moderate Buy” and an average target price of $418.15.

CyberArk Software Stock Performance

Shares of NASDAQ:CYBR opened at $339.47 on Monday. The firm has a market cap of $14.79 billion, a PE ratio of -174.09 and a beta of 1.06. The firm’s 50 day simple moving average is $363.85 and its 200-day simple moving average is $321.49. CyberArk Software Ltd. has a one year low of $223.41 and a one year high of $421.00.

CyberArk Software (NASDAQ:CYBR) last issued 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 negative net margin of 9.34% and a positive return on equity of 0.45%. Equities research analysts predict 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.