Nicholas Investment Partners LP Has $4.44 Million Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

Nicholas Investment Partners LP lessened its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 99.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 13,329 shares of the technology company’s stock after selling 2,086,671 shares during the period. Nicholas Investment Partners LP’s holdings in CyberArk Software were worth $4,441,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of CyberArk Software in the fourth quarter worth $764,000. China Universal Asset Management Co. Ltd. acquired a new stake in shares of CyberArk Software in the fourth quarter valued at about $1,166,000. Spire Wealth Management increased its stake in shares of CyberArk Software by 236.8% in the fourth quarter. Spire Wealth Management now owns 4,756 shares of the technology company’s stock worth $1,584,000 after purchasing an additional 3,344 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of CyberArk Software by 9.7% during the 4th quarter. Geneos Wealth Management Inc. now owns 11,576 shares of the technology company’s stock worth $3,857,000 after purchasing an additional 1,024 shares during the last quarter. Finally, Park Avenue Securities LLC grew its holdings in CyberArk Software by 27.7% in the 4th quarter. Park Avenue Securities LLC now owns 4,092 shares of the technology company’s stock valued at $1,363,000 after buying an additional 887 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on CYBR shares. Needham & Company LLC restated a “buy” rating and issued a $480.00 price objective on shares of CyberArk Software in a research note on Thursday, March 20th. KeyCorp decreased their price target on shares of CyberArk Software from $485.00 to $425.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. StockNews.com lowered shares of CyberArk Software from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Oppenheimer upped their price target on CyberArk Software from $360.00 to $420.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Finally, Canaccord Genuity Group lifted their price objective on CyberArk Software from $330.00 to $440.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, CyberArk Software currently has a consensus rating of “Moderate Buy” and an average target price of $415.89.

CyberArk Software Trading Down 1.7%

CyberArk Software stock opened at $361.29 on Wednesday. The firm has a market cap of $17.86 billion, a price-to-earnings ratio of -185.28 and a beta of 0.99. CyberArk Software Ltd. has a 12 month low of $223.41 and a 12 month high of $421.00. The stock has a fifty day simple moving average of $341.44 and a two-hundred day simple moving average of $339.45.

CyberArk Software (NASDAQ:CYBR) last released its earnings results 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 positive return on equity of 0.45% and a negative net margin of 9.34%. On average, equities research analysts forecast that CyberArk Software Ltd. will post -0.47 EPS 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.