CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by TCW Group Inc.

TCW Group Inc. lowered its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 13.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 112,861 shares of the technology company’s stock after selling 17,128 shares during the quarter. TCW Group Inc.’s holdings in CyberArk Software were worth $37,600,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in CyberArk Software in the fourth quarter valued at about $25,000. Montag A & Associates Inc. lifted its position in CyberArk Software by 47.2% in the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock valued at $44,000 after buying an additional 42 shares during the last quarter. Assetmark Inc. lifted its position in CyberArk Software by 1,025.0% in the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after buying an additional 123 shares during the last quarter. Brown Lisle Cummings Inc. acquired a new position in CyberArk Software in the fourth quarter valued at about $50,000. Finally, Transcendent Capital Group LLC acquired a new position in CyberArk Software in the third quarter valued at about $51,000. Institutional investors and hedge funds own 91.84% of the company’s stock.

Analyst Upgrades and Downgrades

CYBR has been the topic of a number of recent research reports. Scotiabank boosted their price target 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. StockNews.com lowered shares of CyberArk Software from a “buy” rating to a “hold” rating in a research note on Friday. JMP Securities boosted their price target on shares of CyberArk Software from $390.00 to $480.00 and gave the stock a “market outperform” rating in a research note on Friday, February 14th. Oppenheimer boosted their price target on shares of CyberArk Software from $360.00 to $420.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Finally, Stifel Nicolaus boosted their price target on shares of CyberArk Software from $370.00 to $444.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Two analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $401.67.

CyberArk Software Stock Down 4.4 %

Shares of CyberArk Software stock opened at $383.29 on Friday. The firm has a market capitalization of $16.70 billion, a P/E ratio of -196.56 and a beta of 1.15. CyberArk Software Ltd. has a 52 week low of $223.41 and a 52 week high of $421.00. The firm’s 50 day moving average is $356.42 and its two-hundred day moving average is $313.57.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) earnings per share 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%. As a group, research analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share 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.