Brown Advisory Inc. Sells 1,473 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Brown Advisory Inc. trimmed its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 63.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 849 shares of the technology company’s stock after selling 1,473 shares during the period. Brown Advisory Inc.’s holdings in CyberArk Software were worth $287,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Thoma Bravo L.P. bought a new stake in shares of CyberArk Software during the fourth quarter valued at about $380,637,000. First Trust Advisors LP increased its position in shares of CyberArk Software by 2.3% during the fourth quarter. First Trust Advisors LP now owns 939,768 shares of the technology company’s stock valued at $313,084,000 after buying an additional 20,832 shares during the period. Pictet Asset Management Holding SA increased its position in shares of CyberArk Software by 8.4% during the fourth quarter. Pictet Asset Management Holding SA now owns 878,435 shares of the technology company’s stock valued at $292,651,000 after buying an additional 68,359 shares during the period. Norges Bank bought a new stake in shares of CyberArk Software during the fourth quarter valued at about $203,375,000. Finally, Driehaus Capital Management LLC increased its position in shares of CyberArk Software by 31.5% during the fourth quarter. Driehaus Capital Management LLC now owns 478,096 shares of the technology company’s stock valued at $159,278,000 after buying an additional 114,622 shares during the period. 91.84% of the stock is currently owned by institutional investors.

CyberArk Software Stock Down 0.6%

Shares of CYBR stock opened at $374.81 on Wednesday. The stock has a fifty day moving average of $383.37 and a 200 day moving average of $363.20. CyberArk Software Ltd. has a 52 week low of $230.00 and a 52 week high of $421.00. The firm has a market capitalization of $18.53 billion, a price-to-earnings ratio of -201.51 and a beta of 1.00.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Tuesday, May 13th. The technology company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.79 by $0.19. The business had revenue of $317.60 million during the quarter, compared to analyst estimates of $305.57 million. CyberArk Software had a positive return on equity of 0.71% and a negative net margin of 7.97%. The company’s revenue for the quarter was up 43.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 earnings per share. Equities research analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CYBR. Barclays upped their price target on CyberArk Software from $405.00 to $440.00 and gave the company an “overweight” rating in a research report on Monday. Cantor Fitzgerald reissued an “overweight” rating and set a $400.00 price objective on shares of CyberArk Software in a report on Tuesday, May 13th. Needham & Company LLC reissued a “buy” rating and set a $480.00 price objective on shares of CyberArk Software in a report on Thursday, March 20th. Rosenblatt Securities reissued a “buy” rating and set a $445.00 price objective on shares of CyberArk Software in a report on Tuesday, May 13th. Finally, DA Davidson boosted their price objective on CyberArk Software from $435.00 to $465.00 and gave the stock a “buy” rating in a report on Thursday, June 12th. Two equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $418.04.

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.