CyberArk Software Ltd. (NASDAQ:CYBR) Position Trimmed by Rational Advisors LLC

Rational Advisors LLC decreased its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 19.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,300 shares of the technology company’s stock after selling 2,500 shares during the quarter. Rational Advisors LLC’s holdings in CyberArk Software were worth $3,431,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CYBR. Americana Partners LLC acquired a new stake in CyberArk Software during the 4th quarter worth about $578,000. Baillie Gifford & Co. raised its holdings in shares of CyberArk Software by 21.6% during the fourth quarter. Baillie Gifford & Co. now owns 123,275 shares of the technology company’s stock valued at $41,069,000 after acquiring an additional 21,877 shares during the period. Allworth Financial LP lifted its position in shares of CyberArk Software by 86.7% in the 4th quarter. Allworth Financial LP now owns 534 shares of the technology company’s stock valued at $192,000 after acquiring an additional 248 shares in the last quarter. Principal Securities Inc. boosted its stake in CyberArk Software by 6.6% in the 4th quarter. Principal Securities Inc. now owns 1,190 shares of the technology company’s stock worth $396,000 after purchasing an additional 74 shares during the period. Finally, Montag A & Associates Inc. grew its position in CyberArk Software by 47.2% during the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock worth $44,000 after purchasing an additional 42 shares in the last quarter. Institutional investors own 91.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Scotiabank increased their target price on CyberArk Software from $340.00 to $400.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. increased their price objective on CyberArk Software from $375.00 to $431.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Barclays lifted their target price on CyberArk Software from $375.00 to $450.00 and gave the company an “overweight” rating in a research note on Friday. Morgan Stanley increased their price target on shares of CyberArk Software from $316.00 to $390.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, Needham & Company LLC boosted their price objective on shares of CyberArk Software from $360.00 to $410.00 and gave the company a “buy” rating in a research report on Thursday, January 9th. Two research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $401.67.

CyberArk Software Stock Down 0.2 %

Shares of CyberArk Software stock opened at $413.31 on Monday. CyberArk Software Ltd. has a 12-month low of $223.09 and a 12-month high of $419.49. The stock has a 50 day moving average price of $347.91 and a two-hundred day moving average price of $308.53. The stock has a market capitalization of $18.01 billion, a P/E ratio of 1,530.83 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. Sell-side analysts anticipate that CyberArk Software Ltd. will post -0.58 earnings per share for the current 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.