Migdal Insurance & Financial Holdings Ltd. Sells 15,000 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Migdal Insurance & Financial Holdings Ltd. trimmed its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 33.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,000 shares of the technology company’s stock after selling 15,000 shares during the period. Migdal Insurance & Financial Holdings Ltd. owned 0.07% of CyberArk Software worth $9,995,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Nepsis Inc. increased its holdings in CyberArk Software by 882.4% in the 4th quarter. Nepsis Inc. now owns 562,327 shares of the technology company’s stock worth $187,339,000 after acquiring an additional 505,088 shares during the last quarter. Jennison Associates LLC increased its stake in shares of CyberArk Software by 32.3% in the fourth quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company’s stock worth $534,287,000 after purchasing an additional 391,900 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of CyberArk Software in the third quarter valued at approximately $82,485,000. Swedbank AB boosted its holdings in CyberArk Software by 19.0% in the 4th quarter. Swedbank AB now owns 545,100 shares of the technology company’s stock worth $181,600,000 after buying an additional 87,201 shares during the period. Finally, SG Americas Securities LLC grew its stake in CyberArk Software by 97.5% in the 4th quarter. SG Americas Securities LLC now owns 167,759 shares of the technology company’s stock valued at $55,889,000 after buying an additional 82,812 shares in the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CYBR shares. Robert W. Baird raised their price target on CyberArk Software from $355.00 to $370.00 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Stifel Nicolaus lifted their target price on CyberArk Software from $335.00 to $370.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Rosenblatt Securities increased their price target on shares of CyberArk Software from $345.00 to $415.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Susquehanna boosted their price objective on shares of CyberArk Software from $320.00 to $345.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Finally, StockNews.com raised shares of CyberArk Software from a “hold” rating to a “buy” rating in a report on Monday, December 9th. One analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $371.89.

CyberArk Software Stock Up 0.6 %

Shares of CyberArk Software stock opened at $382.81 on Friday. The company’s fifty day simple moving average is $338.27 and its two-hundred day simple moving average is $301.64. CyberArk Software Ltd. has a 12-month low of $223.09 and a 12-month high of $383.17. The firm has a market cap of $16.68 billion, a PE ratio of 1,417.87 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.48. The company had revenue of $240.10 million during the quarter, compared to the consensus estimate of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The firm’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.31) earnings per share. As a group, sell-side analysts expect that CyberArk Software Ltd. will post -0.58 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.