Mutual of America Capital Management LLC Sells 1,058 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Mutual of America Capital Management LLC reduced its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 5.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,822 shares of the technology company’s stock after selling 1,058 shares during the quarter. Mutual of America Capital Management LLC’s holdings in CyberArk Software were worth $4,342,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CYBR. Raymond James & Associates lifted its position in CyberArk Software by 15.6% in the 1st quarter. Raymond James & Associates now owns 12,520 shares of the technology company’s stock valued at $2,113,000 after acquiring an additional 1,691 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in CyberArk Software by 86.5% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 7,837 shares of the technology company’s stock worth $1,322,000 after buying an additional 3,634 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in CyberArk Software by 29.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,956 shares of the technology company’s stock worth $498,000 after buying an additional 678 shares in the last quarter. Yousif Capital Management LLC bought a new stake in CyberArk Software during the 1st quarter worth about $293,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in CyberArk Software by 16.8% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,390 shares of the technology company’s stock worth $235,000 after buying an additional 200 shares in the last quarter. 91.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on CYBR. Rosenblatt Securities boosted their price target on shares of CyberArk Software from $265.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Cantor Fitzgerald reissued an “overweight” rating and set a $300.00 price target on shares of CyberArk Software in a research report on Thursday, February 29th. Mizuho boosted their price target on shares of CyberArk Software from $250.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. UBS Group upped their target price on shares of CyberArk Software from $215.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Finally, Oppenheimer upped their target price on shares of CyberArk Software from $195.00 to $260.00 and gave the company an “outperform” rating in a report on Monday, January 8th. Two analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat, CyberArk Software has a consensus rating of “Moderate Buy” and an average price target of $258.54.

CyberArk Software Stock Down 3.4 %

Shares of NASDAQ:CYBR opened at $239.94 on Tuesday. The company’s 50 day moving average price is $259.93 and its two-hundred day moving average price is $219.38. CyberArk Software Ltd. has a 12-month low of $120.11 and a 12-month high of $283.00. The firm has a market cap of $10.14 billion, a PE ratio of -148.11 and a beta of 1.05.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Thursday, February 8th. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.53. CyberArk Software had a negative net margin of 8.84% and a negative return on equity of 8.23%. The firm had revenue of $223.10 million for the quarter, compared to analyst estimates of $209.65 million. On average, research analysts expect that CyberArk Software Ltd. will post -1.46 EPS 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.