Swiss National Bank Sells 4,500 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Swiss National Bank lowered its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 3.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 130,600 shares of the technology company’s stock after selling 4,500 shares during the quarter. Swiss National Bank’s holdings in CyberArk Software were worth $28,608,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CYBR. Assetmark Inc. grew its holdings in CyberArk Software by 62.1% in the third quarter. Assetmark Inc. now owns 248 shares of the technology company’s stock worth $41,000 after purchasing an additional 95 shares during the period. Desjardins Global Asset Management Inc. boosted its position in shares of CyberArk Software by 22.1% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 282 shares of the technology company’s stock worth $62,000 after purchasing an additional 51 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of CyberArk Software in the 3rd quarter valued at about $84,000. Blue Trust Inc. increased its position in CyberArk Software by 20.6% in the 4th quarter. Blue Trust Inc. now owns 562 shares of the technology company’s stock valued at $123,000 after buying an additional 96 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in CyberArk Software by 14.9% in the 4th quarter. Pacer Advisors Inc. now owns 564 shares of the technology company’s stock valued at $124,000 after buying an additional 73 shares in the last quarter. Institutional investors own 91.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CYBR shares. Bank of America reissued a “buy” rating and issued a $315.00 price objective on shares of CyberArk Software in a research note on Wednesday, April 24th. Needham & Company LLC restated a “buy” rating and set a $310.00 price target on shares of CyberArk Software in a research note on Friday, May 3rd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $310.00 price objective on shares of CyberArk Software in a research note on Wednesday, May 1st. Wedbush reissued an “outperform” rating and set a $285.00 target price on shares of CyberArk Software in a research report on Friday, May 3rd. Finally, UBS Group upped their target price on shares of CyberArk Software from $215.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. Two research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $265.63.

CyberArk Software Stock Performance

CYBR opened at $234.88 on Thursday. The stock’s 50 day moving average price is $253.01 and its 200-day moving average price is $227.72. CyberArk Software Ltd. has a 52-week low of $133.84 and a 52-week high of $283.00. The stock has a market capitalization of $9.92 billion, a PE ratio of -367.00 and a beta of 1.06.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Thursday, February 8th. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.53. CyberArk Software had a negative net margin of 3.20% and a negative return on equity of 2.51%. The business had revenue of $223.10 million for the quarter, compared to the consensus estimate of $209.65 million. Research analysts forecast that CyberArk Software Ltd. will post -1.46 EPS for the current fiscal year.

About CyberArk Software

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.