Amundi Reduces Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Amundi decreased its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 50.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 215,968 shares of the technology company’s stock after selling 220,623 shares during the period. Amundi owned about 0.50% of CyberArk Software worth $74,412,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of CYBR. Verdence Capital Advisors LLC purchased a new position in CyberArk Software in the third quarter valued at approximately $234,000. Assetmark Inc. raised its holdings in CyberArk Software by 1,025.0% during the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after acquiring an additional 123 shares during the period. Venturi Wealth Management LLC raised its holdings in CyberArk Software by 50.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 753 shares of the technology company’s stock valued at $220,000 after acquiring an additional 253 shares during the period. Baillie Gifford & Co. raised its holdings in CyberArk Software by 0.4% during the 3rd quarter. Baillie Gifford & Co. now owns 101,398 shares of the technology company’s stock valued at $29,569,000 after acquiring an additional 407 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in CyberArk Software by 6.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 76,326 shares of the technology company’s stock valued at $22,257,000 after acquiring an additional 4,800 shares during the period. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CYBR shares. Royal Bank of Canada boosted their target price on shares of CyberArk Software from $385.00 to $410.00 and gave the company an “outperform” rating in a report on Tuesday, January 21st. Citigroup boosted their target price on shares of CyberArk Software from $410.00 to $450.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Stifel Nicolaus upped their price target on shares of CyberArk Software from $370.00 to $444.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Oppenheimer upped their price target on shares of CyberArk Software from $360.00 to $420.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Finally, KeyCorp upped their price target on shares of CyberArk Software from $400.00 to $485.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $418.15.

CyberArk Software Price Performance

CYBR stock opened at $330.95 on Wednesday. CyberArk Software Ltd. has a 1 year low of $223.41 and a 1 year high of $421.00. The company has a market cap of $14.42 billion, a P/E ratio of -169.72 and a beta of 1.06. The firm has a 50-day moving average of $364.01 and a 200 day moving average of $320.38.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.85). CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. On average, equities research analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share 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.